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Group Benefits

Having the proper Group Benefits at an affordable rate can make the difference between the success and failure of your business. Allow our Benefit Consultants to help guide you to success.

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What are Group Benefits?

Group benefits are insurance that covers a group of people who are usually the members of societies, employees of a common employer, or professionals in a common group. 

Group coverage helps reduce premium costs because it reduces the insurance carrier's risk by creating a pool of people to insure who are together for reasons other than obtaining insurance. Group benefits can also be a powerful incentive to keep and attract great employees.

Major Types of Group Benefits

Group Health Insurance 
Group health insurance coverage is a policy that is purchased by an employer and is offered to eligible employees of the company (and often to the employees' family members) as a benefit of working for that company. A group health insurance plan is a major part of many employee benefits packages that employers provide for their employees. 

Group Life Insurance
Group life insurance (also known as wholesale life insurance or institutional life insurance) is term insurance covering a group of people, usually employees of a company, members of a union or association, or members of a pension or superannuation fund. Individual proof of insurability is not normally a consideration in the underwriting. Rather, the underwriter considers the size, turnover, and financial strength of the group.

Group Disability Insurance
Group Disability Insurance is a type of group insurance that provides regular income replacement payments to an insured member of the group in the event of an eligible disability resulting from illness or injury. Coverage is generally offered in two types: short-term disability (STD) or long-term disability (LTD).

Group Accident/Supplemental Insurance
Supplemental insurance is extra or additional insurance that you can purchase to help you pay for services and out-of-pocket expenses that your regular insurance does not cover in the event of an accident or other covered loss.

Group Dental/Vision Insurance
When organizations want to offer the best dental and vision care benefits to attract and retain the best employees they need to work with our group dental and vision experts. We have access to the benefit plans that will keep your group members, employees, and their families healthy. 

​Why Voluntary Benefits?

​It’s very simple, employees want more access to benefits, not less.
In today’s environment of ever-increasing health care costs, more and more employers are looking to Voluntary benefits as a way to improve their corporate benefits package.  Voluntary benefits are typically fully funded by employees through payroll deduction and have no direct cost to the employer.  In most cases, the employer will also experience savings on matching payroll taxes. Voluntary benefits satisfy a critical need for individuals — by allowing employees to protect themselves against out-of-pocket health care costs and as a way to create a financial safety net for their families in the event of a serious health situation.

​ Why Do Employers Choose Voluntary?

  • ​Added Benefits– Enhance Company benefits at No Cost to the employer

  • Wellness Benefits– Cash Benefits paid directly to policyholders for preventive care and wellness screenings

  • Freedom of Choice- Employees elect coverage that address their specific areas of concern to protect themselves & their families

  • Impact Bottom Line– Many Voluntary Benefits can be deducted pre-tax, therefore, offering a positive impact to the bottom line for both the employer and employee

  • Improve Employee Moral– Employees will appreciate having access to additional benefits through the convenience of payroll deduction.  Even though they are voluntary, employees will appreciate and recognize them as benefits if offered and enrolled the right way.

  • Attraction & Retention– Benefits are at the top of the list for reasons why employees join or depart a company. 

​Voluntary programs can range from traditional Disability, Dental, Vision and Life products, to emerging solutions like Critical Illness, Accident, Hospital Indemnity, Cancer expense, and Medical Gap Plans.  At WellSaves we specialize in planning, implementation and service of voluntary benefits plans.  Our number one goal is always to create a positive benefits experience for both the employer and their employees.

Contact Us About
Group Benefits:

(508) 834-1111
745 Atlantic Ave
Boston, MA 02111
Click Here to Email Us
Group Benefit  Insurance Quote
Serving Clients All throughout the Country Including New England, New York, Florida and California

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WellSaves
745 Atlantic Ave
Boston, MA 02111
(508) 834-1111
Click Here to Email Us

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  • Home
  • Quotes
    • Business Quotes >
      • Group Benefits Insurance Quote
    • Health Quotes >
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Health Quote
      • Vision Insurance Quote
    • Life & Financial Quotes >
      • Life Quote
      • Disability Quote
  • Service
    • Online Documents
    • Free Consultation
  • Products
    • Business >
      • Group Benefits
    • Health >
      • Critical Illness Insurance
      • Dental Insurance
      • Health Insurance
      • Vision Insurance
    • Life/Financial >
      • Life Insurance
      • Disability Insurance
      • Disability Income Plan - For Accidents ON and OFF the job
  • About
    • Insurance Carriers
    • Client Testimonials
    • Refer a Friend
  • Contact