Employee Benefits and Group Health Coverage

Graphic displaying various employee benefits(coverage available in all 50 states)

Your FundingTree provides growing businesses with business funding solutions and we offer owners budget-friendly employee benefits and group health coverages.

Running a successful business can be challenging, and today’s tight labor market has made it increasingly difficult to maintain a staff of qualified employees.  By offering employee benefits and group health, you’ll be giving your business an edge in the race to compete for top talent.  Your FundingTree is dedicated to helping business owners attract, retain and protect their employees by providing organizations with affordable employee benefits, including group health.

We offer the following employee benefits and group health coverages:

Employee Benefits and Group Health Insurance Solutions

  • Fee-for-Service Plans (FFS)
  • Health Maintenance Organizations (HMO)
  • Point of Service Plans (POS)
  • Preferred Provider Organizations (PPO)
  • Group Medical, Dental and Vision
  • Long-Term Disability
  • Short-Term Disability
  • Group Life Insurance
  • Long-Term Care
  • Retirement Plans
  • Medical Savings Accounts
  • Group Prescription Drug Coverage
  • Pension and 401(k) Plans

Additional employee benefits are available.

We are here to not only help you grow your business with the business funding solutions we offer, but also to support you in managing and protecting your business with employee benefits and group health.  Helping your employees to protect themselves and their families will increase employee satisfaction by making them feel valued and secure; coverage also offers potential tax advantages from which your organization may benefit.

Employee benefits include all the non-wage perks (such as paid time off, flextime, insurance, retirement benefits, etc.) provided by an employer. Depending on geographical location and number of employees, some types of employee benefits are mandated by law, including pay at minimum wage, overtime pay, job-protected leave under the Family and Medical Leave Act, workers’ compensation coverage, and even group health insurance.

Some organizations may decide to offer some other types of employee benefits that are not mandatory by law for them to provide. Also, not all employee benefits are necessarily available for all employees. Often, more benefits are provided to full-time employees (especially those in management positions and those who have earned a long tenure with the company), while fewer benefits are provided to newer employees and part-time employees.

When an individual is seeking a job, he or she can request certain perks and benefits during the job interview. The job prospect can negotiate such as part of the compensation package when offered a new job.

Mandated Employee Benefits

The government has put into place some employee benefits that are prescribed by law. Here is a list of mandated benefits:

Employers must withhold the following taxes from employees’ salaries or wages:

  • Federal Income Tax
  • State Income Tax (some states)
  • Social Security Tax
  • Medicare Tax

Employers must pay a matching amount of the following taxes:

  • Social Security Tax
  • Medicare Tax

Employers must also pay (or pay for):

  • Minimum Wage
  • Overtime Pay
  • Federal Unemployment Tax
  • Workers’ Compensation Insurance

Many Employers must also provide:

  • Job-Protected Leave (FMLA)
  • Group health insurance

Non-Mandated Employee Benefits

Employers are not mandated on any of the benefits that will be listed in this section. Companies may decide to offer these benefits and perks because they feel socially responsible for their employees and opt to provide more than is required by law.

These benefits may vary and may include group health insurance (non-mandated for businesses with fewer than 50 full-time employees), paid vacations, sick leave, childcare, fitness programs, retirement plans, life insurance, dental insurance, vision care, legal protection, and other optional benefits. These are offered to employees and are sometimes offered to employees’ families as well.

Some employee benefits are covered under labor agreements, vary from company to company, and from labor union to labor union. According to the Bureau of Labor Statistics, the average number of annual paid holidays ranges from 8 to 17, depending on occupation and years of service. The average amount of vacation days annually ranges from 10 to 23 days, depending on occupation and years of service.

Also according to the Bureau of Labor Statistics, 51 percent of private industry workers had access to only defined contribution retirement plans through their employer. An additional 13 percent had access to both defined benefit and defined contribution retirement plans at their workplace, while 4 percent of private industry workers had access to only defined benefit retirement plans.

If you’re ready to discover more about the employee benefits and group health coverages that we can provide, please fill out our free 90-second online application and begin working with a licensed and experienced employee benefits specialist today.

Let's Get Started, It's a Free Application, Only Takes 90-Seconds, & There is No Obligation.

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