| The health care industry is going through tremendous change. Affiliations, mergers and acquisitions have caused providers to look at new cost effective ways to deliver high quality services. At the same time, studies show that employees are growing increasingly aware of the need to plan for their retirement. These two events have contributed to a trend toward reducing costs of retirement programs, while increasing employee involvement and responsibility. To help health care employers address these changing needs, we have designed our Retirement Services and Consultation Program. The program covers the full spectrum of administration of defined benefit plans 403(b) tax sheltered annuity plans, 457(b) deferred compensation plans and 401(k) plans. Specific services include state of the art administration, complete compliance management and a comprehensive employee communications package. The program also offers pre-retirement counseling and educational seminars on personal financial planning. | |
Help
your employees protect their families with low-cost life insurance
through the convenience of payroll deduction. Term life insurance
is a cost-effective way to
gain security and peace of mind for families. Eligibility: All regular full-time, regular part-time or irregular part-time employees under age 70 are eligible to apply for this employer-sponsored, employee-paid policy. In addition, any employee's spouse under age 65 may also apply, even if the employee does not participate in the plan. Unmarried, dependent children may be insured as long as either of the spouses participate. Coverage:
Up to $500,000 in life insurance for employees and spouses. For
children, $5,000. Portability: Coverage remains in force at the same low rates even if the employee stops working for your hospital. Disability Benefit: Premium payments stop if the insured becomes permanently or totally disabled before age 60. |
|
Long-term
care insurance addresses the significant emotional and financial
burden that employees and their families may face if long term care
services are required. The cost of these services can be very expensive
whether they are provided in a nursing facility or at home.
The long-term care policies offered through MHA’s program have many important features such as:
Long-term care insurance is an important piece of financial planning that can protect employees and their families from catastrophic long term care expenses, expenses that can seriously deplete savings. Call or email us for additional information or a free consultation |
|
Employee
Benefits
What's Covered
Employer Advantages
|
|
MHA Insurance Agency offers one of the most flexible insurance programs ever designed by the insurance industry. This whole life insurance policy gives employees permanent insurance protection while at the same time paying competitive rates of tax deferred interest, starting with the first dollar of account value. Among the many benefits your employees will enjoy with this employer-sponsored, employee-paid program:
Your health care organization benefits from the seamless administration handled completely by our insurance partner. Fully trained professionals will advise and counsel your employees during regular on-site visits. In addition, there is toll-free access to a customer service center for changes and questions between service visits. Our partner handles all the administrative details. You will not receive a list bill from any insurance carrier. What's more, our system permits the consolidation of your existing plans and the capacity to service current policies from any insurance carrier. Multiple programs may be run within the same deduction field |
|
| Please call for specific coverage questions. | |
The
cost of providing medical insurance to employees carries its own
risk. And for health care organizations that self-insure, the cost
of purchasing excess loss insurance to limit liability has gone
up dramatically during the last few years.
At the same time, insurers have raised the aggregate claims levels, significantly increasing your organization's liability. Now you can protect against catastrophic claims and aggregate claims beyond your organization's ability to pay through MHA Insurance Agency's Stop Loss Insurance Program. Our program provides a review of your existing coverage and provides competitive quotations to help you save money. We can write stop loss coverage on any type of health insurance plan |
|
MHA’s
short-term disability program is designed to compliment your current
sick time/earned time policies by allowing you to select a benefit
formula that best fits your needs. Some of the features include:
It is important to note that under the program, benefits are only payable for non-work related accidents and illnesses which prevents “double” dipping. |
|
| The
HIV Indemnity Insurance Plan has been designed to reduce the financial
stress often faced by any individual who tests HIV positive.
More importantly, it begins paying benefits long before the individual meets most definitions of disability under employer sponsored disability plans. Created specifically for health care workers, this innovative insurance program is available at a reasonable rate. It gives your employees the security and confidence that they will have some financial support should they face this crisis. The plan features some major advantages:
|
|
| MHA
Comp Services provides alternative strategies and proven methods to
reduce the cost of risk for insured/self insured Health Care Organizations.
MHA Comp Services offers the following:
|
|
| As
you are well aware, it has become increasingly difficult, time consuming
and costly to recruit and keep qualified part-time personnel, especially
nurses. To assist in retaining valuable part-time employees, MHAIA offers a Voluntary Dental insurance Program with MetLife to those part-time hospital employees who may not be eligible to participate inn the group dental plan.* The following services are part of the dental program:
* If you do not have a group dental plan, you may offer this voluntary plan to all employees working a minimum of 16 hours per week. |
|
| Critical
Illness Insurance is a supplemental insurance that helps to replace
lost income and offset expenses not reimbursed by other types of inusrance.
Critical Illness Insurance covers cancer, heart attack, stroke, major organ transplant, kidney failure and coronary bypass (25%). Critical Illness Insurance:
|
|
| The
need for cancer insurance is very real. Cancer Insurance can help you deal with the financial issues that may be associated with cancer detection and treatment. Benefits can be used to help pay for:
|
|
| Call for specific programs. |
