We are proud to present an extensive "look book" to allow HR professionals and business owners to get a feel for what Red Mountain Benefits Group has to offer through our no-cost enrollment and HR solutions. If you'd like a full demo, please contact our specialist, Tatiana Neuman, through email: email@example.com
Hope you enjoy and we will be updating periodically to assure accuracy.
Most health and life insurance companies have some sort of online portal for employees to look at their benefits, for HR to add and remove employees, and for both parties to see how much these benefits cost. These are great until you have multiple carriers you have to login to, then it can get quite confusing and cumbersome. With an enrollment platform, you can not only manage all benefits in one place but you can manage employees, PTO, assets, and much more.
Enrollment platforms like the one our team uses use API (application programming interface) technology to import data from different carrier sites into one easy source. It is much like how Trivago pulls information from different travel sites, and Realtor.com pulls information from different realtor sites. This software makes managing data much more streamlined. HR no longer has to go on three different carrier sites to terminate an employee, they can do it once through the enrollment platform and be done. When HR has to juggle too many different sites to put the same information in, this may lead to errors. Maybe the employee had vision with VSP and HR only terminated them on the major medical and dental with BCBS. This applies to adding employee coverage as well. It can be a lot to add the same employee’s name, address, and dependents multiple times. Since we know HR has a lot on their plates, having something that can automate this process can relieve a lot of these repetitive tasks.
Answers to some of our most asked insurance questions
We asked our followers and consultants what their most asked insurance questions are and here we will attempt to broadly answer them. Disclaimer: Every person has a different situation unique to them, some of these answers may not be applicable to you and your situation, please contact your HR or benefit consultant regarding your needs.
Q: Will this voluntary worksite policy pay even if my major medical covers it?
A: In most cases, yes! Worksite benefits include accident, critical illness, cancer, and others. Many of these pay directly to you, the policyholder or member. These policies may have a schedule of payments that are paid to you if something happens, regardless of what your major medical would have paid. The best example of this is the accident policy. Say you slip and fall at home while playing with your children and break your wrist. Your major medical will take care of some medical fees for you and pay the hospital or doctor you go to. However, your accident policy will pay a set amount directly to you. You can use this money towards your major medical co-pays or deductibles or whatever you need to, the money is yours to use at your discretion!
Q: Will my disability policy pay even if I got hurt at work and received workman's compensation?
Red Mountain Benefits Group is here to help! Businesses should look at their benefits package at least once a year to ensure employees are utilizing benefits, happy with their benefits, and to see if the benefits are still relevant. The RMBG team specializes in taking a granular look at current benefit packages and comparing them to current market offerings to ensure the best benefits at the most competitive pricing.
Oftentimes, companies get comfortable in their current package and think it will be too cumbersome or risky to look at even though they could be saving the company and employees valuable money. With RMBG, this process is as simple as sending some basic information and telling us what you are looking for and we do the rest. From finding new benefits to discussing changes and enhancements to employees, the RMBG team is moving mountains for your benefit.
Not only can we find you better benefits, we enroll them too! We usually like to visit in person so our clients know who we are but due to recent events the RMBG team is conducting enrollments remotely more frequently. RMBG has the technology to enroll benefits online or over the phone through an enrollment and HR management platform. There are a few options to this:
We have options for every employee to successfully enroll in their new benefits, no matter the technology level or situation.
Once enrollment is closed we will send customized reports to carriers and HR, just tell us what you need. HR managers will also have the option of logging into the platform and making reports themselves or managing employees.
Looking at and changing benefits has never been easier with the Red Mountain Benefits Group team on your side. Call or email us for a pressure free demo!
I'm single, so it doesn't matter
In short, you might want to get life insurance even if you are single. Just because you have no dependents does not mean that someone would not have a difficult time if you were to pass. Funerals cost between $7,000-$10,000 dollars, who is going to pay for that if you were to pass? Your parents? This may be a financial burden for them that they never thought about. Having at least a small life insurance policy will help with this burden.
If you have a co-signer on a loan, if you were to die, the other person would be responsible for your remaining payments.
For example, student loans, many adults have students loans left over from college, and without a life insurance policy, your parents would have to finish the payments. A good way to cover these scenarios is to take out a small term-life policy to cover you until your payments are complete.
You are young and healthy
If you are young and healthy, taking out a life insurance policy will not cost you much. It can bring you and your current (and future) family peace in mind. If you do not have a spouse now, you can always set your parents has the beneficiaries of your life insurance. Once you are married, you can change the beneficiary to your spouse if you wish.
When you do not need life insurance
The only time you may not want to take out life insurance is if you are single, have no dependents, and have enough in savings to cover your funeral costs. However, unless you are in debt or are struggling to build up an emergency fund, it is still a good idea to take out a small policy, especially if you are young and healthy.
Want to look into options?
The Red Mountain Benefits Group team is dedicated to helping employers and individuals alike find the best benefits the marketplace has to offer for the best prices. Contact us today if you want to discuss your life insurance options!