The Flynn Insurance Agency has specialized in designing, marketing and administering group sponsored voluntary employee benefits to employers throughout Massachusetts since 1984. Voluntary benefits are typically offered on a payroll deducted basis and are an important part of an employer’s overall benefit program offered to its employees. Voluntary benefits may help to supplement an existing benefit program with coverages that may not be available, may not provide enough coverage, are used to help to fill in gaps in coverage under an existing benefit program or are a unique stand-alone benefit. As such, these plans are typically very specific and are tailored to meet the needs of the employees.
Advantages of Voluntary Group Plans
There are various reasons to implement a voluntary benefit plan both from the perspective of the employer and employee.
Employer Benefits:
- Reduce rising benefit costs to the employer
- Simplify payments with payroll deduction
- Give employees benefit options
- Increase employee morale and retention
- Avoid red tape: Non-qualified payroll deducted insurance programs require NO government mandated paperwork, thereby cutting back on you administrative costs and expenses.
Employee Benefits:
- Provide pre-screened companies and counseling services
- Guarantee coverage
- Expand benefit options
- Increase convenience & flexibility
- Flexibility
Types of Coverage
Interest Sensitive Life Insurance (Policy Series ICC13 END-95 (ES0) (3/13))
- Traditional life insurance with cash value accumulation
- Generous guarantee issue amounts for all eligible employees
- Flexibility to cover the employee, spouse, children and grandchildren
- Premiums are guaranteed for the life of the policy
- Policy is portable should the employee leave his/her employer
- Optional Riders include Children’s Term Rider, Accidental Death Benefit, Payor Waiver of Premium & Catastrophic Loss Rider
- Tobacco/non-tobacco rates and blended rates available
Short Term and Long Term Disability Insurance (Policy Series BMLWS DI 6/11)
- Short-Term and Long-Term Benefit Plans
- Non-Occupational or 24 Hour coverage for accidents and sickness
- Multiple elimination periods and benefit durations to meet employer and employee needs
- Waiver of Premium
- Disabled and Working Benefits
- Mental Illness & Drug/Alcohol Benefit
- No maximum issue age if actively at work
- Guarantee Issue available for qualifying groups
- Maximum flexibility in plan design features and underwriting!
- Options for Pre-Existing Conditions, Portability, Offsets, and many other optional features!
Accident Insurance (Policy Series WS-ACC 8/08)
- 24 hour (and off-the-job coverage options)
- Indemnity amounts payable for many triggers such as:
- Hospitalization
- Emergency room
- AD&D
- Transportation
- Follow-up care
- Burns, lacerations, fractures, dislocations
- Optional Riders for Hospital confinement due to Sickness, an Enhanced Emergency Room Benefit & Physician Office/Urgent Care Treatment Benefit and a Wellness Benefit.
- Guarantee issue on the base plan for eligible employees, spouse and children
- Policy is portable should the employee leave his/her employer
Critical Illness Insurance (Policy Series WS-CI 4/12)
- Pays 100% of the benefit amount for the diagnosis of many covered conditions. Includes Cancer, Heart Attack, Stroke, End Stage Renal Disease, Major Organ Transplant, Coma, Paralysis, Severe Burns, Loss of Sight, Speech or Hearing, Alzheimer’s Disease, Amyotrophic Lateral Sclerosis (ALS) and Benign Brain Tumor.
- Pays 30% of the benefit amount for Coronary Artery Bypass, Angioplasty and Stent Insertion and Carcinoma In Situ.
- Children are covered to age 26 regardless of marital or dependency status – a 25% benefit is automatically included at no additional charge.
- Children have additional coverage for a new diagnosis of childhood conditions – Cerebral Palsy, Cystic Fibrosis, Down Syndrome, Spina Bifida and Cleft Palate/Lip.
- Includes a one-time Skin Cancer benefit of $300.
- Cancer benefit can be carved out to work with other coverages in place.
- No lifetime maximum – includes benefits for reoccurrences and additional occurrences.
- Maximum flexibility in plan design features and underwriting!
- Riders available for Health Screening tests, Genetic Screening test, Occupational HIV and our new Extended Loss Rider (for inpatient Confinement of 30 days or more)!
Please contact us if you are an employer who is looking to learn more about establishing a qualified voluntary benefit program for your employees.
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If you are an employee in a qualified group who is already eligible for benefits and looking for a quote, click here.
