Better Benefits.
Total Transparency.
For companies with more than 1,500 employees, the insurance game has changed. BeneRē is revolutionizing supplemental benefit programs such as accident, critical illness and hospital indemnity.
This Changes Everything
Creating transparency through a new approach to supplemental benefits
- Better coverage with lower premiums that affords employees greater financial protection for less cost
- Financial transparency regarding claims and expenses that empowers employers with fiduciary stewardship
- No risk or extra costs for employers to participate in this highly successful program
- Year-end dividends are typically available to be reinvested in employee benefits programs
Putting the numbers in your favor
BeneRē offers enhanced supplemental benefit coverage from A+ rated carriers while returning all underwriting profits back to the health and welfare fund of the employer.
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Average Employee Cost Savings
%
Average Dividends To Be Reinvested In Employee Benefits Programs
%
Employees Receiving Better Plan Designs
%
Average Employee Cost Savings
%
Average Dividends To Be Reinvested In Employee Benefits Programs
%
Employees Receiving Better Plan Designs
“Employers across the nation are looking for every way possible to contain costs and better protect employees. BeneRe brought both to the table which made my client’s decision to join the pool an easy one.”
– Evan Michaelson
SVP Supplemental Benefits
Commonly asked questions about the BeneRē captive model
What makes BeneRē different?
By offering better supplemental benefits coverages with lower premiums for employees and full transparency for employers, plus potential year-end dividends on unused premiums to be reinvested in employee benefit programs, BeneRē is changing the way people think about, offer, and access supplemental insurance.
What is a captive and who oversees it?
It is an insurance company that exclusively reinsures the risks of firms belonging to that group. BeneRē is domiciled in Arizona and is regulated by that state’s Department of Insurance (DOI). They monitor BeneRe’s issuance of policies, collection of premiums, disbursement of claims, financial stability and compliance with all regulatory requirements as with any standard insurance company.
What is the biggest benefit to employees?
A recent Bankrate study found that 60% of Americans don’t have enough money to cover a $500 emergency expense. BeneRē is designed to provide a solution to this overwhelming challenge by delivering supplemental benefits policies, including accident, critical illness, and hospital indemnity programs, with better coverages and lower premiums than the market currently offers.
What is the biggest benefit to employers?
Many of the companies we work with have found that BeneRē offers them a diverse array of benefits and advantages. Chief Financial Officers appreciate the value of the fiduciary transparency the program offers. Human resource professionals like the benefits of an attractive employee offering that can be used as a valuable hiring and retention tool. Finally, potential year-end dividends on unused premiums allow employers to continue to enhance benefits offerings.
Can you expand on the possible year-end dividends and their utilization?
All distributions earned by participating employers must be reinvested in programs covered under their Summary Plan Description or “Mega-wrap” document. These may include employee wellness programs, benefits administration expenses, enrollment communications or a multitude of other important initiatives. In short, employers must abide by the Department of Labor rules and regulations that already apply. These potential dividends allow companies to continue to affordably build out employee-focused programs.
Is the supplemental program backed by high-quality carriers?
BeneRē reinsures 100% of the program but the issuance of policies, handling of customer service and adjudication of claims are all handled by the most respected insurance companies in America. These A+ rated carriers are recognized as being leaders in their field and help to bring instant credibility to the supplemental plans you offer your employees. They are brands that everyone is already familiar with.
How will I know BeneRē is truly a better plan for our employees?
Unless employees would receive the same or better coverage at the same or better price, BeneRē will not allow participation in the captive model. We’ll perform an analysis on your current plan to see if the BeneRē model will offer your employees better coverage at lower premiums. BeneRē will only allow an employer to join if the insurance program is improved for the employee. Our entire model is built around leveling the playing field for employees.
How much impact could BeneRē have on our supplemental insurance program?
Contact us now to schedule a 30-minute one-on-one session. Or see how BeneRē can positively affect your bottom line with our impact calculator.