Employee Benefits
The world of employee benefits is complex and constantly evolving, filled with a myriad of options and potential challenges. At Lakenan, we acknowledge this complexity and meet it head-on with our team of seasoned advisors. Our professionals possess a deep understanding of various industry sectors and are equipped with the expertise to guide your business through the complexities of employee benefits.
We believe in fostering relationships that go beyond the traditional client-service provider paradigm. Over the years, we have partnered with numerous businesses, working side by side to navigate the intricate landscape of employee benefits. Our connections with some of the world’s leading insurance companies empower us to offer you the best in employee benefits solutions.
Our process begins with a comprehensive review and analysis of your business operations and potential exposures. Armed with this understanding, we can design truly personalized solutions, tailored to address your unique needs and exposures. We offer coverage in several key areas including Group Health Insurance, Dental Insurance, Vision Insurance, Group Life Insurance, etc.
But our role doesn’t end with policy issuance. We aim to provide a seamless experience for our clients and their employees, offering a suite of services designed to ensure smooth policy management:
- Policy Quotation and Renewal Processing: We take the stress out of policy renewal by providing timely quotations and managing the entire renewal process.
- Benefits Meetings: We conduct informative meetings to help your employees understand their benefits and answer any questions they may have.
- Employee Enrollments, Changes, and Termination Processing: We manage all aspects of employee enrollments, changes, and termination, ensuring accuracy and timeliness.
- Claims Assistance: We stand by your employees during their time of need, providing assistance and guidance in managing their claims.
- Compliance Reviews: Reviews for both COBRA and ACA standards for your Group Health Insurance plan.
Our Benefits Offerings
Under the Affordable Care Act (ACA) most employers are required to offer health insurance benefits to all of their employees. But, health insurance is just a starting point, so we can help you navigate the vast marketplace and available policies to provide the best value to your plan participants.
Policies to consider for your business include:
Group Health Insurance
Provides coverage for your team, promoting health and wellness while minimizing financial risk associated with medical costs.
Dental Insurance
Covers a portion of the cost of dental care, including regular check-ups, cleanings, fillings, and even orthodontic work, ensuring your employees can maintain their oral health.
Vision Insurance
Offers coverage for routine eye exams and may contribute towards the cost of glasses or contact lenses, promoting eye health among your employees.
Group Life Insurance
Offers a basic level of life insurance coverage to your employees, giving them and their loved ones financial security in the event of a tragedy.
Business Life Insurance
Protects your business from financial loss due to the death of a key employee or owner, ensuring business continuity.
Short-term and Long-term Disability Insurance
Provides income protection for your employees in case they are unable to work due to a short-term or long-term disability.
Long-term Care Insurance
Covers the cost of long-term care services, such as nursing home care or in-home care, that are not covered by traditional health insurance.
Hospital Indemnity Plans
Offers a fixed daily, weekly or monthly benefit while the insured is confined in a hospital. The cash benefit can be used to pay for out-of-pocket expenses not covered by insurance.
Additionally, you can include voluntary benefits programs, wellness programs, 401(k) matches and flexible spending accounts (FSAs) into your commercial insurance package. All benefits are competitively priced and customizable to the individual employer.
In addition, we have agents specialized in writing Individual Life Insurance policies. For individual Medical, Dental, and Vision policies, we collaborate with ARCH Brokerage, extending our reach to provide comprehensive solutions.
At Lakenan, our mission is to help your business navigate the complexities of employee benefits, providing tools and protection to face the uncertainties of today and the unknowns of tomorrow. Trust in our expertise and rest assured that with Lakenan, your business and its employees are always in safe hands.
How We Can Help You
In a post-pandemic workplace, we understand how crucial it is for your benefits packages to remain affordable and integrated within your full risk management and employment strategy. You can count on Lakenan to be a long-term partner that is committed to helping every company maintain its benefits packages today and beyond.
When you come to us, you’ll have access to numerous expert services, including:
- Compliance reviews for both COBRA and ACA standards
- Annual reviews of all benefits
- Optimized renewal options
- Premium reviews and competitive bids for new coverage
- Full resources to provide benefits information to employees
- Assistance with claims resolutions
We’re here to streamline the employee benefits process for your company, all while ensuring your benefits selections fully support employees’ physical, mental and financial health needs. Constant change is the new normal, so we’ll make the benefits process easy for you and always be available for ongoing support and guidance.