Customized Benefits
These programs allow employers to provide some income security when employees exhaust their earned sick leave
What are short and long term disability plans?
The main benefit of offering group insurance to employees
What are cost savings?
The insured must be totally disabled OR have a material loss of substantial duties and a 20% earnings loss
What is disability?
Employees hired for a specific period or to meet a temporary need
What are temporary or temp employees?
A benefits program in which employees pick benefits that most meet their needs
What is a flexible benefits or cafeteria plan?
This benefit allows an employee additional coverage in the event of their death
What is supplemental life insurance?
Key component to a highly successful enrollment is ___% acceptance
What is 70%?
The maximum duration of benefits under OneAmerica short-term disability insurance is typically this long, depending on the plan.
What is 13 to 26 weeks?
Often students or graduates that work to gain practical experience and usually do not receive employee benefits
What is an Intern?
This allows employees to set aside money before payroll taxes to pay for health care of dependent care
What are flexible spending accounts?
This kind of retirement program pays retirees a fixed retirement income based on average earning over a period of time
What is defined benefit plan?
This type of insurance from OneAmerica provides income replacement for employees who are temporarily unable to work due to illness or injury.
What is short-term disability insurance?
This is the typical method used by OneAmerica to assess the claim for short-term disability benefits.
What is a medical review or evaluation?
Employees that are usually salaried and do not receive overtime pay
What are exempt employees?
Amount that insured employee pays for expenses out of pocket before insurance pays the remaining expenses
What is a deductible?
With this plan no specific amount of retirement income is promised because each employee selects how much they want to contribute
What is defined contribution plan?
OneAmerica short-term disability typically begins paying benefits after this period of time, also known as the waiting period.
What is a 7-day or 14-day elimination period?
If you want to continue receiving OneAmerica short-term disability benefits after the initial period, you may need to provide this type of documentation.
What is ongoing medical certification or updates?
Employees who receive overtime pay for hours worked beyond standard 40-hour workweek
What are non-exempt employees?
This is the maximum amount an insurance company will pay for a covered service from an out-of-network provider, beyond which you may be responsible for the full cost.
What is the "out-of-network maximum"?
These programs permit workers to set aside a certain amount of their income for retirement savings through their employer
What is 401(k)?
This percentage of your pre-disability earnings is typically replaced by OneAmerica short-term disability benefits.
What is 60-70% of your pre-disability earnings?
This process determines if an individual is eligible for a specific insurance policy based on factors like age, health condition, and occupation.
What is "underwriting"?
This type of worker is hired by a company to perform specific tasks or services but is not considered a permanent employee, and therefore not eligible to employee benefits
What is an independent contractor?
Insurance plans that offer coverage for both in-network and out-of-network providers, but with different cost-sharing amounts, are known as this.
What is a "PPO" (Preferred Provider Organization)?