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Health insurance can be a big challenge for businesses with part-time, hourly, temporary and seasonal employees — employers that typically budget on a cost-per-hour basis. Select Benefits can help. |
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| Let’s face it, most health insurance plans aren’t designed for businesses with part-time, hourly, temporary and seasonal employees. Yet, approximately 40 percent of America’s 45 million uninsured fall into this demographic1 — precisely the consumer group targeted by Select Benefits, Symetra Life’s limited benefit medical insurance. |
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If your client owns a restaurant, for example, they may:
- End up paying more for benefits. Why? Plans are generally designed for salaried, full-time employees, which means businesses with part-time workers may be paying proportionately more. With Select Benefits, your client is charged an hourly premium rate, so they’re only paying for the exact number of hours an employee works each month.
- Be overwhelmed by time-consuming administration. With monthly plans your client may have to add to, or subtract from, a monthly list bill whenever employees come and go. It can become especially cumbersome when employees terminate mid-month. With Select Benefits, your clients only report and pay for the actual number of hours employees work each month. There’s no need to add or remove employees from a monthly list bill.
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- Find it difficult to identify an actual cost-per-hour for benefits. Most plans use a monthly premium rate. Trying to determine exactly how much per hour your business is spending, or can spend, on benefits may be difficult. With Select Benefits, plans can be designed to fit your client’s specific needs. If they want a plan that costs 85 cents per hour, we can design it. In fact, plans start as low as 25 cents per hour and go up to nearly $3 per hour.
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Select Benefits is not a replacement for major medical insurance, but it does provide limited benefit medical coverage for things like routine check-ups, X-rays and immunizations. It also provides employees and all enrolled dependents with customized ID cards, as well as a toll-free number they can call for claims assistance and benefit questions.
“All businesses understand that health insurance gives them an effective employee recruitment and retention tool,” said Scott Taylor, senior vice president of Symetra’s Group Division. “With an hourly plan design, even small businesses have a cost-effective solution that can be customized to fit almost any budget.”
Symetra Life now has a new brochure for your clients: “Limited Benefit Medical Insurance for Hourly Employees”. To order, or to learn more about hourly plans, contact the Symetra Sales Center at invest@symetra.com 1-800-706-0700 (or employee benefit brokers and third party administrators may call the Group Division at 1-800-426-7784).
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Other Select Benefits Articles:
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1 U.S. Census Bureau, Current Population Survey, March 2000 (most recent statistics available). Statistic based on Americans ages 18 to 64 without health insurance who “worked part time” or who “worked during the year” at some point.
Select Benefits is approved in most but not all states. Select Benefits is not a replacement for a major medical policy or other comprehensive policy. It is designed to cover benefits used on a routine basis at a preselected fixed dollar amount. The Select Benefits Indemnity Insurance Policy and Prescription Drug Policy are insured by SymetraSM Life Insurance Co., 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004.
Indemnity Policy LGC-8786 2/03.
Prescription Drug Policy LGC8787 2/03 in most states.
Trust Policy LGC-3000 2/99
Symetra® and the Symetra Financial logo are registered service marks of Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004. |
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