Employee Assistance Program

 An Employee Assistance Program (EAP) is a company-sponsored benefit that offers the support and resources employees need to address personal or work-related concerns through confidential counseling services and work-life balance resources.  It’s confidential and free for employees and their household.

 

The EAP offers help for personal and/or professional concerns by providing free, confidential, short-term counseling and personal consultation.  The EAP has a network of counselors that are conveniently located.  They can help you improve or resolve personal difficulties whether big or small, personal or work-related.

 

Compliance Management

Pierce Group Benefits provides valuable, prompt and matter-of-fact compliance assistance to clients through direct publications, email alerts, webinars, seminars, and more.

Our compliance resource is comprised of attorneys and a staff of experienced subject matter experts who continually monitor regulatory developments to keep our clients up-to-date about new rules and how they are affected by

Wellness & Consumerism

Pierce Group Benefits is committed to the health and wellness of your employees. We will work together to create a structured plan to help you develop, communicate and implement a Wellness Program designed especially for you.

We believe the mission of wellness in the workplace is to coach employees through various channels in self-responsibility and lifestyle behaviors that influence health and well-being, work performance, and health care throughout their lifetimes.

Critical Illness Benefits

The Critical Illness benefit helps employees prepare financially for an unexpected life event. This critical illness benefit is designed to help fill the gaps in your health insurance and can provide benefits to assist the additional expenses such as deductibles, home health care needs, travel, loss of income, rehabilitation and childcare. This financial protection offers a simple way to strengthen your benefits package.

Some critical illness examples are:

  • Heart attack
  • Stroke
  • End stage renal failure
  • Major organ failure
  • Permanent paralysis due to a covered accident
  • Coma
  • Blindness

Cancer Benefits

Cancer insurance can help bridge the gap, providing additional coverage employees may need and helping you build a comprehensive benefits package to boost retention without boosting your company’s expenses. Cancer insurance provides benefits to help offset both indirect and direct cancer costs that may not be covered by an employee’s medical plan such as:

  • Deductibles and co-pays
  • Out-of-network treatment
  • Travel, lodging and meals during treatment
  • Childcare
  • Home health services
  • Wellness benefit. Some plans cover an annual cancer screening test to assist with prevention and early diagnosis. Talk with your representative to learn how cancer insurance can help you offer more competitive benefit packages for your employees and help them prepare for the unexpected.

Life Insurance

Term & Whole Life Insurance

Life insurance can give your employees peace of mind and help them provide for their loved ones after they’re gone. There are two major types of life insurance offered: Term Life and Whole life. Each work to fill a specific need and can be selected based on what the employee wants their insurance to do for them. Term Life Insurance offers a predictable way to provide piece of mind for the employee and their family. It’s economical and can cover large needs at lower costs and can help protect loved ones from unpaid debt, secure children’s education and insure financial stability. Whole Life Insurance offers a lifelong protection for the employee and those who are dependents.

Life insurance can help an employee’s family with things like:

  • Paying medical and funeral bills
  • Replacing lost income
  • Paying off debts
  • Protecting retirement plans
  • Funding college expenses

Group Term Life Insurance

According to the 2010 Life Insurance Ownership Study conducted by the Life Insurance and Market Research Association (LIMRA), 35 million households in America, about one-third of the total number, have no life insurance protection whatsoever, and 58 million are under insured — the highest level ever measured.

As an employer, group term life insurance provides a convenient way for you to offer your employees easy-to-buy, affordable life insurance coverage.

Benefit Features:

  • Pierce Group currently administers group term life coverage for over 50 NC public sector clients
  • Choice of multiple plans with multiple carriers
  • Booklets mailed to the employees’ home address
  • Online billing and administration
  • List bills
  • Multiple billing frequencies
  • Beneficiary housing at the carrier

Accident Benefits

When an employee experiences a sudden covered accidental injury, accident insurance can help them offset unexpected medical expenses that aren’t covered by their medical insurance. Since benefits are paid directly, they can be used to cover things like co-pays and deductibles, making accident insurance a great complement to a high deductible health plan.

Unlike medical insurance, coverage can be entirely employee-paid, so you can offer more benefits without impacting your budget. Everyone wins:

  • Budget-friendly payroll deduction.
  • Payments are made directly to employees. Accident payments are based upon the type of covered accident, and employees can spend the money how they want.
  • Flexible coverage options. Employees can choose coverage for just themselves, or they can select family coverage for their spouse and children.
  • Guaranteed-issue coverage. Employees can get coverage without answering health questions, depending on the plan they choose.
  • Wellness benefit. Some plans offer a benefit for certain types of health screenings, so employees can be healthier and happier.

Medical Bridge Benefits

Medical Bridge insurance provides benefits to your employees to help pay for deductible and coinsurance costs, as well as everyday living expenses. With Medical Bridge, insurers don’t wait on any other insurance to first adjudicate a claim, which means timely claims administration and less hassle for employees.

Medical Bridge provides benefits for hospitalization, outpatient surgery, diagnostic tests, doctor’s office visits, emergency room visits, ambulance transportation and other expenses due to a covered accident or covered sickness.

Medical Bridge is available in several plan options so employers and their employees can choose the coverage that best meets their needs.

 

Flexible Spending Accounts

FSA

A Flexible Spending Account allows participants to set aside pre-tax money in a designated account that can be used to pay for health care expenses that are not typically covered by insurance. Employees can select the amount to contribute for the plan year and have access to the entire contribution amount on plan effective date. The money is then deducted from each paycheck on a pre-tax basis lowering taxable income. It also can be used for employee, spouse and dependents, you can use the debit card to pay for eligible expenses such as:

  • Deductibles
  • Copays
  • Prescriptions
  • Other out-of-pocket medical expenses
  • Dental expenses
  • Vision expenses


HSA

A Health Savings Account allows participants to have a savings account with tax advantages that can be used in combination with a High Deductible Health Plan. The funds in the HSA account are accumulated in order to be used for eligible medical expenses by the account holder.

By using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other expenses, employees may be able to lower their overall health care costs.

All of the money in an HSA (including any contributions deposited by the employer) is owned by the employee even if they leave their job, lose their qualifying coverage or retire. The money in an HSA never expires.