If you’re a civilian contractor pursuing government-funded business, Select Benefits could help you save money and win the bid.
In a matter of hours, Hurricane Katrina destroyed streets, homes, businesses and infrastructure — damage that will take years to rebuild. A year after the storm, approximately 40 percent of the $86 billion earmarked for specific revitalization efforts was still remaining.1
If you are a civilian contractor bidding for federal and state jobs in the hurricane-damaged areas (or any state or federal project), Select Benefits — Symetra Life’s limited benefit medical insurance — may help you win the business.
Civilian contractors bidding for both construction and non-construction projects are required to adhere to strict government-calculated formulas for wages and benefits. In other words, contractors must offer all part-time, full-time and temporary workers a salary and benefits package that’s equivalent to the "prevailing" or "living" wages or collectively bargained benefits paid at the local level.
With Select Benefits, you can match the Department of Labor’s hourly health and welfare requirement, and help maintain, and possibly even reduce, your hourly bill rate expenses.
You may already have a plan in place, but if you’re absorbing the administration expenses the cost savings can be lost or diminished. Select Benefits includes administration at no additional charge. Additionally, Symetra is one of only a handful carriers that offer an hourly indexed benefits product.
1 New York Times, Bush Notes Frustration in Gulf Coast Recovery, March 2, 2007.
