The Capital Group

You already know the importance of healthcare benefits in not only attracting outstanding professionals to your company, but also retaining them.

At the Capital Group, we can help by aligning your needs and requirements with the carrier that can give you the best value. We research the market for you, handle renewal processes, and provide employee education booklets and web sites that communicate effectively.

We keep your costs low by staying abreast of new options that suit your company's needs. A comprehensive resource unaligned with any carriers, we shop all prospects to obtain the most competitive arrangement for you. As with all our services, our people have the knowledge, professionalism and courtesy to make doing business a pleasure.

We deliver:

Group Services

Our Group Services include (select a Service for more information):

Group Health Insurance

Group Health Insurance accounts for the vast majority of all health insurance purchased in America.

Good health is one of the personal goals of almost every individual or family - and your employees are no exception. Because health is so important, knowing that you have good health care coverage for you and your family, at a reasonable cost, is the single most important employee benefit to most employees. If you offer a solid health care employee benefit program to your employees, you are not only showing them how much you value their service, but you will also maintain an edge hiring and retaining quality employees.

Due to the wide array of health insurance options in the market place and the complicated sophistication of today's group healthcare plans, you need the services of an objective and experienced team. The Capital Group is just that team.

To help you find the best solution for your group health insurance needs, here are some of the providers we work with:

Blue Cross Blue Shield Association Aetna
MAMSI Cigna
NCAS Great-West Healthcare
United Healthcare Kaiser Permanente
Guardian

Group Life Insurance

Today's businesses understand that offering a solid group life insurance benefit for their staff also goes a long way in helping attract and retain the best employees.

Whether you have 2 employees or 3,000 employees, The Capital Group is second to none in it's ability to not only explain all of the various group life insurance options available to you, but most importantly, how to help you save significant dollars in offering such an important employee benefit to your organization.

Here are the group life insurance providers with whom we work to help you find the best solution for your group life insurance needs:

MetLife Sun Life Financial
Principal Financial Group Jefferson Pilot Financial
GE Capital Solutions Unum
Prudential Financial Reliance Standard
Guardian

Group Disability Insurance (Long Term/Short Term)

The Capital Group Team is your Group Disability Insurance expert. Disability insurance is a specialized form of health insurance which protects the insured in the case of loss of income. If you lose your ability to work, either from temporary or permanent disability, you can make a claim on this coverage.

There are those that consider disability insurance a 'luxury'. Be assured, however, that those with this opinion have never faced the emotional stress and financial difficulties caused by a loss of income due to an unexpected disability.

How would you or any of your employees cope financially under such unexpected circumstances? Disability insurance is the insurance that guarantees an income if you are unable to work due to a disabling injury.

There are two forms of Disability Insurance:

Short Term Disability Insurance (also known as weekly income, WI, STD)

Short Term Disability is a type of insurance that pays a percentage of an employee's salary for a specified amount of time, if they are ill or injured, and cannot perform the duties of their job.

Typically employees are required to use sick days before short term disability kicks in, if it's an illness that keeps them out of work for an extended period of time. This is why there is usually a different policy for short term disability for sickness versus an injury. Coverage is generally provided upon the first day of an accident, or upon the eighth day of an illness for a period of 13 or 26, or 52 weeks. Usually benefits are for 66 2/3% of salary, but different benefit percentages are available with different companies and in different situations. Definitions of disability vary with different insurance companies.

Long Term Disability Insurance (LTD)

Coverage is provided for longer periods of time than with Short Term Disability, typically two years, five years, to age 65 or for life. Elimination periods (also called waiting periods) are longer generally than with STD. This is the time one must wait once disabled before benefits begin. Disability definitions are critical in evaluating these plans.

The Capital Group has the team of Group Disability Insurance professionals that can help you determine the type and amount of Disability Insurance that is best for you and your employees. Here are some of the group disability insurance providers with whom we work to help you find the best solution for your Disability Insurance needs:

MetLife Sun Life Financial
Principal Financial Group Jefferson Pilot Financial
GE Capital Solutions Unum
Prudential Financial Reliance Standard
Guardian

Group Dental Insurance

A recent study reveals that dental insurance is one of the most popular benefits offered to employees after medical insurance. Dental insurance is an excellent enhancement to your organization's health care employee benefit offering because employees recognize the value of dental insurance as a cost-effective way to minimize health care costs for themselves and their families.

The Capital Group can help craft a Dental Insurance program that maximizes the depth of coverage offered, for the least amount of expense.

Here are some of the group dental insurance providers with whom we work to help you find the best solution for your Dental Insurance needs:

MetLife Humana
Principal Financial Group DentaQuest
Guardian

Group Long Term Care Insurance

With Baby Boomers reaching retirement and Americans living longer than ever, Long Term Care Insurance should be on the minds of many people, in particular those close to retiring. Long Term Care is a service provided in a facility such as a nursing home, assisted living facility, or in the home by a nurse or aid. Long Term Care is typically not skilled care but custodial which is help with the every day activities of daily living (ADLs) such as eating, bathing, dressing, transferring, toileting, and maintaining continence. If you have Long Term Care Insurance most or all of your costs can be paid, depending on which policy you buy.

Because of the complexity of this form of insurance coverage, it is imperative that you work with insurance professionals who are experienced in Group Long Term Care details.

The Capital Group are experts in this type of coverage and can guide you through the broad range of options available to you, while always watching after the costs of the premiums that you have to pay for this smart coverage.

Here are some of the group Long Term Care Insurance providers with whom we work to help you find the best solution for your Long Term Care Insurance needs:

MetLife John Hancock
Principal Financial Group Jefferson Pilot Financial
GE Capital Solutions Unum
Prudential Financial Mass Mutual

Section 125 Plans - Flexible Spending Accounts (FSA)

A Section 125 Plan provides the option for employees to select certain benefits normally paid for on an after-tax basis and, through salary reduction, pay for these benefits on a pre-tax basis. The result is tax savings for an employer and employees.

Companies of any size are all eligible for Section 125 plans. Once a Section 125 Plan is in place, any employee who satisfies the eligibility criteria can participate. The eligibility requirements are set by the employer and may be based on age or years of services.

The chief benefit for both the employer and employees under a Section 125 plan is paying for medical expenses with tax-free dollars. An employer saves 7.65 % (FICA) on every dollar that an employee runs through a 125 plan. An employee saves FICA, Federal, and State taxes on every dollar they run through a Section 125 plan, which is close to 30%.

Health Savings Accounts (HSA) - HSA Supplemental Insurance

A Health Savings Account (HSA) is an account that you can put money into to save for future medical expenses. There are certain advantages to putting money into an HSA, including favorable tax treatment. A relatively new benefit plan, the HSA bill was signed into law by President Bush in December 2003.

Under an HSA, you can contribute if they meet specific enrollment criteria and are not enrolled in Medicare. Contributions to an HSA can be made by individuals, employers or both.

Who is Eligible to Establish a HSA?

An "eligible individual" is an individual, in any month, who:

  • Is covered under a qualifying high-deductible health plan (HDHP);
  • Is not also covered by any other health plan that is not a HDHP (with certain exceptions or plans providing limited coverage);
  • Is not entitled to benefits under Medicare; and
  • May not be claimed as a dependent on another person's tax return

A supplemental insurance policy is required to cover catastrophic illness or injury expense in excess of the amounts deposited in the HSA. Here are some of the Health Savings Accounts (HSA) providers with whom we work to help you find the best solution for your HSA needs:

Blue Cross Blue Shield Association Aetna
MAMSI Cigna
NCAS Great-West Healthcare
United Healthcare Kaiser Permanente
Guardian

Health Reimbursement Accounts (HRA)

Employers who establish Health Reimbursement Accounts (HRAs) with their health insurance plans, allow their employees to manage the costs of their personal health care, in a way that they can control.

HRAs are entirely funded by employers, and serve to reimburse employees under a contribution schedule set by the employer for qualified medical expenses (QMEs) up to an account balance that provides dollars that are tax free to the employee.

Here are some of the Health Reimbursement Accounts (HRA) providers with whom we work to help you find the best solution for your HRA needs:

Blue Cross Blue Shield Association Aetna
MAMSI Cigna
NCAS Great-West Healthcare
United Healthcare Kaiser Permanente
Guardian Destiny Health

If you would like one of our Group Benefits Professionals to review your group benefit needs, please contact us, give us a call at (301) 214-7666 or Request a Proposal.

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