benefit solutions that count site seller
TRANSCRIPT
BenefitSolutions ThatCount
. . .to expand your employee benefit offerings and save costs.
. . .to conduct your benefit enrollments quickly and efficiently.
. . .to simplify your benefits administration.
coloniallife.com
coloniallife.com
l HeadquarteredinColumbia,SC.
l Foundedin1939.
l 1,100employees.
l Approximately8,000-memberindependentcontractorsalesorganizationnationwide.
l 5,900activeColonialLife-contractedbrokers.
l Offersabroadportfolioofpersonalinsuranceproductsincludingdisability,accident,life,cancer,criticalillnessandhospitalconfinementindemnity.
l Continuestobealeaderinbenefitscommunicationandeducation,enrollmentandcustomerservice,whileprovidingpersonalinsuranceproductstoemployeesandtheirfamiliesthroughtheworkplace.
l Operatesin49statesandtheDistrictofColumbia.InNewYork,similarproductsandservices,ifapproved,areunderwrittenbyaColonialLifeaffiliate,ThePaulRevereLifeInsuranceCompany.
l Servesmorethan65,000businessesandorganizations.1
l Approximately2.9millionpoliciesinforce.1
l Isastand-alonesubsidiaryofUnumGroup,aFortune500companyandamarketleaderindisability,criticalillness,life,long-termcareandvoluntarybenefits.
l Received“Readers’ChoiceAwards”forthecarrierthatworksbestwithbrokers,bestenrollment,bestatembracingnewtechnologyandbestconsumer-drivenproducts.2
1 Colonial Life & Accident Insurance Company corporate records as of year-end 20092 Benefits Selling Magazine 2006 -2010
Fastfacts aboutColonialLife
Named #1 worksite marketing/voluntary benefits company by members of the National Association of Health Underwriters (NAHU) – March 2010
Industry leader
canyoufindthesebenefitsolutionsalltogetherinoneplace.ColonialLifeisasingle-sourceproviderof:
Wecanhelpyoudesignaflexibleemployeebenefitspackagethatfitstheneedsofyourbusinessaswellasyouremployees.Thisenablesyoutobuildamoreloyalandsatisfiedworkforceand,ultimately,astrongerbusiness.
Wecometoyourworksiteandspend1-to-1timewitheachemployeetoprovidesimple,straightforwardadviceaboutthebenefitstheyhave—andthosetheymayneedtofittheirindividuallifestylesandbudgets.
Andwedoitallatnodirectcosttoyou.
OnlythroughColonialLife
Yourbusinessmatters—toyouandtous.Making benefits count foryourbusiness...that’sColonialLife.
Benefits counselingtohelpeachemployeeunderstandandappreciatebenefitsavailableatwork.
Enrollment optionsthatsavetimeandmoney.
Insurance productstailoredtopersonalneeds.
Ourcustombenefitscommunicationmaterialscanhelpyouremployeesbetterunderstandtheirbenefits.
l Announcementlettersandfliersl Brochuresl E-mailcampaignsl PowerPointpresentationsl Spanishmaterials
Ourabilitytoprovideconsistent,clearcommunicationthrough1-to-1meetingswithemployeeshelpsensuretheyunderstandthebenefitsavailabletothem.Employeeshavethechancetoconfidentiallyreviewtheircurrentbenefits,considernewoptions,andmostimportantly,seehowtheirchoiceswillaffecttheirpaycheck.
Benefitscommunication &education
Healthcarereform.Changingregulations.Benefitgaps.Knowledgegaps.Youandyouremployeeswillalwaysneedhelpwithbenefitprograms.Youcouldbetheonlybusinessintownwithabenefitscounselingandenrollmentteamatyourdisposal!
We engage employees to get them thinking about their benefit needs and options.
Pre-enrollment
Enrollment
We educate each employee on all of his or her benefit options and provide each with a personalized benefits statement.
Post enrollment
Using surveys and report cards, we provide you with honest employee feedback about our benefits counselors and the 1-to-1 session.
provideadetailedoverviewofthebenefitsyoucontributetoorprovide,soemployeescanseethetruevalueoftheirbenefitspackage.It’stheir“hiddenpaycheck,”sotospeak.They’llalsoseethedollaramountsthatcounttowardadditionalbenefitssuchasvacationdays,parkingpassesorapaiduniformprogram.
Benefit statements
TOTAL COMPENSATION STATEMENT
William Moore123 Main StreetAnytown, SC 29210
BENEFIT STATEMENT
Benefit
Other Compensation
Friday, March 05, 2010
Annual CostEmployeeDeduction
$1,485.00
$660.00
$2,802.50
$0.00
$0.00
$0.00
$0.00
$3,326.86
$778.06
$9,052.42
Medical Insurance
Dental Insurance
401(k)
Term Life
Parking Allowance
Uniform Allowance
Wellness Plan
Social Security
Medicare
Vacation - 15 Days Paid Vacation
Holidays - 8 Paid Holidays
Sick Leave - 10 Days Paid Sick Leave
You also receive these other benefits, not tallied in your total contribution above.
Total Cost
Annual Income
Total Compensation
Additional Value
$8,413,44
$180.00
$2,802.50
$21.00
$240.00
$200.00
$251.00
$3,326.86
$778.06
$16,212.86
$56,050.00
$72,262.86
$3,233.55
$1,724.56
$2,155.70
$7,113.81
$0.00
$0.00
$0.00
EmployerContribution
Your employer contributes an additional 28.93% of your annual income toward your benefits, which results in your total compensationof $72,262.88
s
outlinetheemployees’benefitelectionsandhoweachaffectstheirpaycheck,sotherearenosurpriseslateronwhenthefirstdeductionsaremade.
Personal salary illustrations
Spending Savings AccountsGross Pay/Pay Period
Earnings and Deductions Amount
PAYCHECK TOTALS PAYCHECK ESTIMATOR
$1,077.88
$0.00
$64.67
$703.83
3/5/2010
$64.67
$28.56
$12.69
$45.98
$967.23
$256.34
$7.06
$7.06
$703.83$0.00
$703.83After Reimbursement
+ Spending Accounts
Taxable Income
Colonial Life Short Term Disability (Saved William Moore
William Moore
William Moore
Net Pay
$34.51Pay Period SavingsSavings from Pre-Taxing
$1,794.52Annual Savings
$4.73
(Click to collapse)
Total Taxes (Click to expand)
Colonial Life Cancer (Saved Quote)
Dental Insurance (Enrolled)
Medical Insurance (Enrolled)
Pre-Tax Benefit Cost
401 (k) (Enrolled)
Deferred Compensation
(Click to collapse)
(Click to collapse)
(Click to collapse)
APPLY NOW
APPLY NOW
Post-Tax Benefit Cost
Seven Hundred Three and 83/100 ***
Memo Employee Pay
Pay to the order of
Signed President & CEO
Paycheck IllustrationJarvis Auto Parts
ACME BANK, INC. V O I D1234
s
Election formsprovideadetailedaccountingofeachemployee’selectionsandcontributions.It’safinalclarificationofthebenefitelectionsandthecostsinvolved.
Jarvis Auto Parts | 21010 Enrollment
Enrollment Dates:Home Phone:Work Phone:
Gender:Employee ID:
Birth Date:Date of Hire:
Classification:Location:
Paychecks per Year:Department:
First Deduction Date:
1/1/2010 - 12/31/2010217-555-3875
Male
9/18/19847/31/2006Full TimeRichmond
26
Marketing____________________
William Moore123 Main StreetAnytown, SC 29210
Benefit ID Benefit Name/Option
Friday, March 05, 2010New orExisting
DeductionEmployee
DeductionEmployer
Insureds:
Insureds:
Dental Insurance
Vision Insurance
Beneficiaries:
Health Care FSA
Colonial Life Cancer *
Colonial Life Short Term Disability *
401(k)
Medical InsuranceAnthem Blue Cross & Blue Shield (Family)
Delta Dental (Family)
Decline Coverage
Decline Health FSA
New
New
New
New
NewPost-Tax
$14.12
Pre-Tax
Pre-Tax
Pre-Tax
Pre-Tax
$9.46
$129.35
$25.38
$57.12
$0.00
$107.79
$6.92
$323.59
$0.00CLA-Post
CLA-PreCLA-Pre
XHFSA
PO6
Decline-VI
DELT
S
6%
William Moore (Employee)
William Moore (Employee)
Colonial Life (William Moore)
Colonial Life (William Moore)
(26 deductions per year)
Off Job Accident and Off Job Sickness Disability ($1,200.00per Month)
(Colonial Life Total $23.58 Grand Total $235.43 $438.30
(Colonial Life Pre-Tax $9.46) Pre-Tax Subtotal $221.31(Colonial Life Post-Tax $14.12) Post-Tax Subtotal $14.12
Employee Cancer Coverage
Janice Moore (Wife)
Janice Moore (Wife)
Janice Moore (Wife) (Primary 100%)
Robert Moore (Son)
Robert Moore (Son)
DOB: 9/12/1970 Sex: Female
DOB: 9/12/1970 Sex: Female
DOB: 9/12/1970 Sex: Female
DOB: 9/12/2002 Sex: Male
DOB: 9/12/2002 Sex: Male
NEW ELECTION FORM
BCBS
Whenplanningandconductingeachenrollment,weserveasthebenefitcounselorsforyouremployeesandprovidestraightforwardadvicetohelpthemunderstandandappreciatetheirbenefits.And,weworkwithyoutodeterminewhichofourenrollmentoptionswillbestmeetyourbusinessneeds.
CountonColonialLifetomakeyour
enrollmenteasy,streamlinedandefficient.
1-to-1counselingsessionsofferthemostemployeeengagementandbestopportunityfordecision-makingsupport.Tohelpeducateandcounselyouremployeesontheirbenefitneeds,wecometoyourworksiteandspend1-to-1timewitheachemployee.
Call Center enrollmentsprovideanother1-to-1optionincaseswhereemployeesworkinthefield,areconstantlymobileorareinsecuredlocations.Employeescansimplycallourtoll-freenumberandaCallCenterbenefitscounselorwilleducatethemaboutthebenefitsavailable,answertheirquestionsandleadthemthroughtheenrollmentprocess.
Co-browsingisthesameasa1-to-1enrollmentbutconductedovertheInternetwithaColonialLifebenefitscounselor.
Self-enrollmentandgroup meetingsofferoptionsthatareavailabletoaccessemployeeswhoworkremotelyorarenotabletomeetwithabenefitscounselor.Ourpre-enrollmentcommunicationscanintroduceemployeestooursimpleweb-basedenrollmentsystemandthestepstheyneedtofollow.
All powered by Harmony®Whicheveroptionisbestforyourbusiness,theweb-basedtechnologythatpowersallofourenrollmentsisoursimple-to-useHarmony®enrollmentsystem,whichfeaturesonlineandofflinecapabilities.WithHarmony®,yougetasystemthatoffers:
=Datasecurity
= Consistentcommunications
=Integratedunderwriting
= Flexibility
=Accuratepostenrollmentdata
= Dailyenrollmentreporting
=Onlineadministrativefunctions
Buildapersonalbenefits program
Medical HospitalConfinement
IndemnityInsurance
AccidentInsurance
Income Protection DisabilityInsurance
Catastrophic Illness CancerInsurance
CriticalIllnessInsurance
Survivor Benefits LifeInsurance
Wages
IncomeProtection
SurvivorBenefits
CatastrophicIllness
RequiredBenefits
Retirement
Medical
Colonial Life’s personal insurance products and services can help you:
l Realizetaxsavingsforyouandyouremployees.
l Communicatethevalueofyourbenefitspackagetoretainemployeesandreduceturnover.
l Fillingapsinexistingbenefitscoverage.
Withnewgovernmentregulationsandmarketreforms,employersmuststillmanagehealthcarecostswhileemployeesmuststillpaydeductibles,co-paysandotherout-of-pocketcosts.
We can help you find the answers.
l ColonialLife’sproducts,whichareofferedinadditiontoqualifiedhealthinsurance,willnotbeaffectedbyhealthcarereform.
l Voluntaryinsurancecoveragewillstillbeaveryrelevantpartofemployeebenefits.
l Theneedforbenefitscommunicationandeducationwillbegreaterthanever.
Wecanofferyousolutionstohelpemployeespayforwhattheirqualifiedhealthinsurancedoesn’tandtostaycompetitiveinattractingandretainingworkers.
Employersalsocanenjoytaxsavingsandprovidetaxsavingsfortheiremployeesbypre-taxingthroughSection125.
Core benefitslGroupmajormedical
l Grouplife
l 401(k)
l Vacation/sickleaveBy packaging core benefit offerings with our personal insurance products, you can enhance your benefits program and help employees fill the gaps in their coverage. They can apply and pay for the protection they feel they need the most.
ColonialLifeand healthcarereform
Without Flex With Flex
Gross Pay $1,000.00 $1,000.00
Pre-Taxed Reduction (Major Medical)
-$0.00 -$180.00
Taxable Amount $1,000.00 $820.00
FICA, Federal Tax and State Tax
-$152.51 -$110.33
Post-Tax Deduction (Major Medical)
-$180.00 -$0.00
Spendable Income $607.49 $709.67
SavingsPerPayPeriod $42.18Total Annual Savings $1,012.32
Wages
*Based on 2010 South Carolina Tax Tables
*Based on 24 pay periods
Wages
Medical
RequiredBenefits
IncomeProtection
SurvivorBenefits
Retirement
CatastrophicIllness
Enhancedbenefits andtaxsavings
Colonial Life can assist you in putting into place a Flexible Benefits Plan to help ensure you are in compliance with Section 125 provisions and regulations, while reducing taxes for both you and your employees.
l Reducepayrolltaxes. l Increaseemployees’ spendableincome.
Without Dependent Care Reimbursement Account
With Dependent Care Reimbursement Account
Gross Pay $1,000.00 $1,000.00
Pre-Tax Dependent Care Reduction
-$0.00 -$150.00
Taxable Income $1,000.00 $850.00
FICA, Federal & State Taxes
-$176.71 -$139.74
Net Pay -$823.29 -$710.26
Dependent Care Expense
-$150.00 -$0.00
Spendable Income $673.29 $710.26
*Based on 2010 South Carolina Tax Tables
*Based on 24 pay periods
With a Flexible Spending Account, employees have the flexibility to add pre-tax dollars to reimbursement accounts and help with the cost of qualified expenses.
Dependent Care Reimbursement Accounts letemployeespre-taxout-of-pocketexpensesfordependentcarethatallowemployeesand/ortheirspousestowork,suchasdaycareexpenses,after-schoolcareexpensesforchildrenunderage13,andcareforadependentadultincapableofself-care.
Medical Reimbursement Accountsletemployeespre-taxout-of-pocketexpensesnotcoveredbyhealthinsuranceplans.Thisisagreatwaytohelpyouremployeescopewiththehigherdeductiblesandco-paymentsintoday’smedicalinsuranceplans.Examplesincludedental,vision,healthplanco-pays,prescriptiondrugco-paysandevensomequalifiedover-the-countermedications.
The ColonialConnect for Plan AdministratorsSM Website
Easy,time-savingadministrativeservices
l Designedexclusivelyforouraccountplanadministrators
l Easyandsavestimebyallowingyouto:
Viewandpayyourbillonline
Conductbillingtransactions
Updateemployeeinformation
Downloadclaimandserviceforms
E-mailkeyaccountserviceareas
Andmuch,muchmoreatnocosttoyou
l Givesyouadirectlinktovaluablehumanresourcepoliciesandguidelines.
l Includesstateandfederallawsandregulations.
l Explainedineverydaylanguage.
Through an arrangement with CCH (Commerce Clearing House) Inc., we offer you access to CCH’s HRAnswersNow website.
Employerbenefitstatement
Colonial LifeService Offerings
Benefits Communication & Education
Section 125-Premium Only Administration
Personal Salary Illustrations
Employee Benefit Statements
Employee Election Forms
Electronic Billing and Reconciliation Services
CCH HRAnswersNow
Policyholder Self-Service Website
Section 125-Full Flex Discount Rates
Benefit Booklets
Core Product Enrollment and Carrier Feeds
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Whenchoosingacarrier,it’saboutmorethanjusttheproducts.ColonialLifeislookingtobeavaluedpartner.That’swhywewillprovideawholehostofemployerservices,savingyoutimeandmoney.
Percentage of Employees Seen
First Year Annual Savings Comparison (USD)
$11,645$13,286
$14,926
$16,567
25% 50% 75% 100%
Thisisarepresentationofthepotentialbenefitsanemployerwith325employeesmightexpectwhenpartneringwithColonialLife,howeveritisonlyanestimateandforillustrativepurposesonly.Asignedenrollmentagreementandotherprerequisitesmayberequiredbeforesomeoftheserviceslistedherecanbeprovided.
Personalinsuranceproductsandsuperiorservices
Schedule group and 1-to-1 meetings.
Count on Colonial Life to do the rest.
Help protect your employees in 3 easy steps:
Gather your information.
You can count on Colonial Life as a long-term partner to help you:
l Keepyourbenefitcostsdown.
l Fillgapsinyourbenefitprograms.
l Enhanceemployeeappreciationofwhatyoudoforthem.
l Realizetaxsavings.
l Considernewoptions.
Technology is critical in today’s business world, but the true definition of service lies within people.
Ourcustomerserviceteamprovidesfast,hassle-freeandreliableservice–foryouandyouremployees.BilingualservicespecialistsarealsoavailableforourSpanish-speakingcustomers.
Weprovideyouwithservicecentersandautomated,toll-freecustomerservicephonelinesaroundtheclockthatarededicatedtoColonialLifeplanadministrators.Ourflexibleservices—includingfax,phone,e-mailandonlinesubmissions—helplessenyouradministrativeresponsibilities.
Ouraccessible,professionalandcaringcustomerserviceteamsunderstandtheneedsofemployersandemployeesalikeandtreatbothwiththecourtesyandknowledgetheyexpect.
ColonialLifeishelpingyoumakebenefitscountwithserviceslikethese—atnodirectcosttoyou.
Long-termrelationships
Colonial Life pioneered worksite marketing in 1955 … and our first customer is still with us today.
Dedicated Toll-Free Plan Administrator Service Center 1.800.256.7004MondaythroughFriday,8a.m.-7p.m.,EasternTime
Plan Administrator Fax 1.803.213.500524hoursaday,365daysayear.
ColonialConnect for Plan AdministratorsSM Website:coloniallife.com
TheColonialConnectsiteisyouraccesstoourE-Services.Jointhiswebsite,designedexclusivelytosupportourplanadministrators,to:
l UtilizeyourE-Services
l E-mailquestions
l AccesstheCCHHRAnswersNowwebsite
ActiveColonialLifeaccountscanjointhesitesimplybycompletinganelectronicform,accessiblethroughourwebsiteatcoloniallife.com.Justgotothe“CustomerSupport”link,then“AccountServices.”
Important servicenumbers
Colonial Life 1200ColonialLifeBoulevardColumbia,SouthCarolina29210coloniallife.com
11/10 59665-9
Colonial Life products are underwritten by Colonial Life & Accident Insurance Company, for which Colonial Life is the marketing brand.