In 1990, American business spent over $500 billion on employee benefits, an average of more than $4,250 per employee. It is clear that the days of "fringe benefits" are gone. Employee benefits now represent between 35% and 40% of total compensation costs. They are an integral part of the total compensation picture, a component whose spiraling cost has become a major concern for business owners and human resource managers. That's where Benefit Design Management can help. Benefit Design Management specializes in helping employers manage their employee benefit programs.
Services
Although Aetna, Amerihealth and Horizon are the primary carriers in our market place we have a host of other companies that may fit your specific needs. Benefit Design Management, LLC. also has markets for HSA's, Medical Reimbursement Plans, Dental, Vision, Long Term Disability, Long Term Care, Cobra administration, and Employee Communication. To receive a quote on any of these plans, please complete our Census and e-mail or fax back to Benefit Design.
We are registered agents for GetCoveredNJ which is the only place in New Jersey where individuals can qualify for financial help that lowers the cost of health insurance premiums and cost-sharing. The amount of financial help depends on the consumer's income and family size. We can also help those that do not qualify for the financial help with the same plans but without the subsidies; these are called "off exchange plans."
Universal Life insurance offers you a flexible premium, the ability to change the death benefit from time to time and vary the amount or timing of your premium payments. Term insurance offers a level of premium and death benefit for a defined number of years, but accrues no cash value. Term Life premiums are dependent on your age and lifestyle through the length of your policy's coverage period.
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