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Putting together the right benefits package for your employees

As a full-service independent NJ insurance agency, RD Parisi Associates offers a complete range of employee benefit products. We work with a variety of carriers and products to design, develop, and implement custom programs, helping to eliminate the guesswork and allow you to focus on what you do best: running your business.

Employee health programs

With the skyrocketing cost of healthcare, it’s no surprise that surveys often show that workers value employer-sponsored health insurance coverage more than monetary compensation.

For employers, offering health insurance coverage not only helps you attract and retain a skilled workforce. Your organization may also be eligible for special tax incentives.

RD Parisi Associates works with a variety of carriers and plan types, including managed care programs (HMOs, PPOs and POS plans) and tradition indemnity programs (sometimes known as “fee for service” plans). We can also help you choose a prescription plan option — either a major medical or copayment program — to meet the needs of both your group and your budget.

Group life insurance

Life insurance provides protection for an employee’s family in the event of an untimely loss. It can be employer-sponsored (in which the employer covers part or all of the cost) or offered as a voluntary benefit at no cost to your business.

Group life insurance choices range from basic term and supplemental policies to dependent term life, group universal life, and specialty policies such as accidental death & dismemberment. Call us to review the options that might be right for your business.

Group dental and vision plans

Like health coverage, group dental and vision programs are in-demand benefit for many workers, especially those with young children.

Group dental and vision programs can be offered as a voluntary benefit, in which the employee pays the entire cost, or as an employer-sponsored program (in which you absorb some or all of the cost) depending on your benefit budget.

Self-funded plans

RD Parisi Associates manages self-funded plans for small to mid-sized companies. As experienced Third Party Administrators (TPA), we’ll customize a plan to meet your specific needs, and manage costs based on your individual group.

Short-term disability and long-term disability

Disability insurance helps provide workers with financial security in the event of a short-term or long-term illness or injury that leaves them unable to work.

Individual disability insurance, which can be offered to your employees at no cost to your business, offers multiple customization options. Group disability insurance can be employer-paid or offered as a voluntary benefit.

Individual life and disability

RD Parisi Associates works with individuals, including the self-employed, to ensure you have the right type and amount of life and disability coverage to protect you and your family.

With so many options available, we’ll review your specific needs and financial objectives, then help you find the coverage that fits your needs as well as your budget.

Voluntary insurance products

For employers to remain competitive, they must carefully weigh the cost and advantages of a benefits program. Many companies are turning to individual voluntary products to fill in the gaps. Examples of popular voluntary benefits include term life insurance, short- and long-term disability, dental and vision plans.

Employees generally benefit from lower rates or better coverage than individual plans, while you’re able to offer a more comprehensive package at no additional cost to your business. Voluntary programs can be completely funded by the employee or included as part of a flexible spending program.

Flexible spending accounts

Thanks to their tax benefits, Flexible Spending Accounts (FSAs) have now become a highly valued voluntary benefit for employers and employees alike.

Participating employees can make the most of their healthcare dollars with tax-free reimbursement for qualified expenses, while employers reduce the FICA taxes incurred on their payroll. Changing legislation, however, has made compliance with FSA regulations increasingly important so your organization can enjoy all the tax benefits while avoiding costly non-compliance penalties.

"When we hired RD Parisi in 2004, we immediately were presented with employee benefit options that fit our needs and were cost effective. After thoroughly researching every possible option for our organization, they creatively designed solutions specific to our company’s requirements. They have the personal touch of a small agency and the resources of a larger one, which is exactly what we want in our employee benefits provider. "

Denise Liberman
Office Managerl
Bederson & Company

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