Simplifying Benefit Carve-Out: Effortlessly Exceed Client Expectations
In today’s competitive job market, attracting and retaining top talent requires offering a comprehensive employee benefits plan with generous coverage amounts. While the traditional approach to group employee benefits has been to consolidate coverage with one provider, this may not always provide your clients with the best product or price. Carving out certain accident and health insurance benefits and placing them with a specialty carrier is a cost-effective solution for both employers and employees, and Sutton makes it easy with customized solutions and flexible arrangements.
A group benefits provider may not always have the best coverage in the market for each of the products in their suite. Another carrier may have a superior Accidental Death & Dismemberment (AD&D) product with more ancillary benefits and an option to add a critical illness rider, for example. The same can be said for Group Critical Illness, where other providers may offer more conditions and higher non-evidence maximums. In addition, these enhanced products are often available at much lower rates so by carving out these coverages, clients receive more comprehensive coverage and can achieve significant savings.
As a benefit carve-out specialist, Sutton offers flexible solutions customized to our clients’ needs. Whether that means offering monthly, semi-annual, or annual billing options, leveraging our online benefits portal, collaborating with the group carrier, or providing educational materials, Sutton is an experienced partner that aims to make the employee benefit carve-out process as seamless as possible.
By exploring a more comprehensive product at a better price and partnering with a specialist, employee benefits like AD&D and Group Critical Illness insurance can be effectively carved out with minimal effort. Get in touch with us to learn more: