Maximizing the Value of Voluntary Benefits


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Greg Town from Colonial Life shares some of the newest and best practices that assist both the Employer and the Employee in getting the most out of their Voluntary Benefits. Some ideas that will be covered include:

* A properly designed and communicated Voluntary Benefit can help reduce Workers Compensation claims.
* Getting the "Maximum" service out of your carrier at no cost, " hidden service secrets".
* How to strategically use Voluntary Benefits to better position your group Health Insurance.

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Maximizing the Value of Voluntary Benefits

  1. 2. Benefit Solutions That Count Benefits counseling to help each employee understand and appreciate Benefits available at work. Enrollment options That save time and money. Insurance products Tailored to personal needs.
  2. 3. Benefits Counseling Count on Colonial Life’s BENEFITS COMMUNICATION to help your employees understand and appreciate what you do for them.
  3. 4. Customized Materials <ul><li>Print materials </li></ul><ul><ul><li>Payroll stuffers </li></ul></ul><ul><ul><li>Posters </li></ul></ul><ul><ul><li>Fliers </li></ul></ul><ul><ul><li>Brochures </li></ul></ul><ul><li>Newsletter articles </li></ul><ul><li>E-mail announcements </li></ul><ul><li>PowerPoint presentations </li></ul><ul><li>Spanish materials </li></ul>
  4. 5. Create Greater Employee Satisfaction Group Meetings 1-to-1 Meetings Salary Illustration & Benefit Statements
  5. 6. Customized Benefit Statements  Employer’s Contribution
  6. 7. <ul><li>Enrollment Options </li></ul>Count on Colonial Life to make your ENROLLMENT easy, streamlined and efficient.
  7. 8. Enrollment Options <ul><ul><li>1-to-1 enrollments </li></ul></ul><ul><ul><li>Call Center </li></ul></ul><ul><ul><li>Co-browsing </li></ul></ul><ul><ul><li>Self enrollment and group meetings </li></ul></ul><ul><ul><li>All powered by Harmony ® </li></ul></ul>
  8. 9. Complete the Process
  9. 10. <ul><li>Personal Insurance Products </li></ul>Count on Colonial Life’s PERSONAL INSURANCE PRODUCTS to give you flexibility in providing the benefits that make the most sense for your employees.
  10. 11. Help Fill the Gaps Employer Benefits Package <ul><li>Medical </li></ul><ul><li>Life </li></ul><ul><li>Retirement </li></ul>Colonial Life’s Personal Insurance Products
  11. 12. Personal Insurance Product Portfolio <ul><li>Short-Term Disability </li></ul><ul><li>Life </li></ul><ul><li>Accident </li></ul><ul><li>Cancer and Critical Illness </li></ul><ul><li>Hospital Confinement Indemnity </li></ul><ul><li>Limited Benefit Medical Plan </li></ul>
  12. 13. <ul><li>Superior Services </li></ul>Count on Colonial Life’s SUPERIOR SERVICES to make your administrative life easier.
  13. 14. Premium Only Plan <ul><ul><li>Save on taxes. </li></ul></ul><ul><ul><li>Increase employees’ spendable income. </li></ul></ul>*Based on 26 pay periods
  14. 15. Flexible Spending Accounts <ul><ul><li>Save on taxes. </li></ul></ul><ul><ul><li>Increase employees’ spendable income. </li></ul></ul>*Based on 2006 South Carolina Tax Tables
  15. 16. Superior Services Save valuable administrative time with services you can count on.
  16. 17. E Services <ul><li>E-Services provide value-added tools: </li></ul><ul><ul><li>Ez Billing “paperless” billing system </li></ul></ul><ul><ul><li>E-Pay </li></ul></ul><ul><ul><li>E-Bill </li></ul></ul><ul><ul><li>Ez-Administration </li></ul></ul>
  17. 18. Long-Term Relationships Approximately 65% of Colonial Life’s new premium historically comes from existing business each year. Source: Colonial Life records, 2008
  18. 19. Making Benefits Count Let Colonial Life provide you with the personal insurance products and superior services you can count on to make your business a success. Making benefits count for you and your employees. That’s Colonial Life.
  19. 20. ©2009 Colonial Life & Accident Insurance Company. Colonial Life products are underwritten by Colonial Life & Accident Insurance Company, for which Colonial Life is the marketing brand. Colonial Life