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SERVICES FOR DEALERS
2016
ALLIED MEMBERS
DIRECTORY
19
DBL
– Mandatory NYS Disability offers coverage up to 26 weeks with a maximum weekly payment
of $170 which is taxable. Many employers look to enhance this benefit with a short-term disability
benefit, and some opt to add a long-term disability plan to maximize coverage.
Voluntary Benefits
– These plans are individual but are offered through a group plan. They are
normally paid 100% by the employee. Most can be on a pretax basis. They are:
•
Specific Disease
–This coverage— for cancer, for example—helps pay for bothmedical and
non-medical expenses.
•
Short-Term Disability
– Pays for expenses while the employee is unable to work.
•
Accident
– Benefits depend on the type of accident incurred.
•
Hospital Confinement
– This protects against out of pocket expenses, such as, deductibles
and copays, which are associated with a hospital stay.
•
Life Insurance
– Term or Universal. Term is the least expensive type of Life Insurance while
Universal is more costly but builds up cash value. You decide which one meets your needs.
Long-Term Care
– Provides assistance when an individual can no longer perform the activities of
daily living. Benefits can be received as an inpatient or at home.
Pet Insurance
–As a member of GNYADA, you are entitled to a group discount of 10% and receive an
additional 10% if you need to cover multiple pets.
Flexible Spending Accounts
– Allows employees to set aside a percentage of their pay on a pretax
basis for eligible medical expenses ($2,550/yr.), dependent care ($5,000/yr.), parking ($250/mo.), and
transit ($130/mo.).
Senior Services
– We can address the health insurance needs of your senior employees before and
after they turn 65. There are benefits to both employees and employers.
Cobra
–We administer this benefit for medical, dental and vision plans.
GNYADA’S team of experts will walk you through the process to help you choose the plan
that works the best for your business and situation. Contact Michael W. Conway, Executive
Director, at 718-746-8100 Ext. 405 or
mconway@gnyada.com.