What are the key points for a successful group benefits plan?
Which benefits do employees pay?
Which benefits do employers pay?
Are there any tax issues to consider?
To maximize tax efficiency and to help with cost sharing ,the employees should pay for the life, AD+D, Dep Life, and LTD. This will ensure that life, AD+D, Dep life are not taxable benefits. With LTD, the employee would receive non-taxable benefit at the time of a claim.
What are the best ways to keep the cost down for new groups?