Kapnick recognizes the disparity between the rising cost of benefits and lack of fulfillment of employees’ needs. We take a holistic approach to our benefits consulting, providing you with the most effective design and implementation possible.

At Kapnick Insurance Group, we seek to provide long-term benefit solutions that make sense for your company and create lasting value. We begin by using advanced analytics to learn about your population, then use these metrics to craft an individualized plan that fits both your company and your employees. Kapnick then employs a strategic vision and planning aimed at helping you manage your human capital as efficiently as possible. Together, with input from our specialized team members and trusted advisors, it all adds up to a well-crafted program to help you recruit and retain top talent.

Kapnick’s cutting-edge full-service benefits department possesses all of the following services in-house:

Kapnick Lens Logo

Advanced Analytics

Kapnick’s proprietary risk solutions program integrates, validates, and analyzes vendor data to uncover program correlations and underlying cost drivers.

Kapnick Compliance Logo

Legislative Compliance

A specialized Kapnick task force that communicates simplified, timely legislative compliance information via seminars, emails and one-on-one consultations.

Kapnick Strive Logo

Worksite Well-Being

A multifaceted, customizable corporate wellness program designed to help companies manage healthcare costs, drive engagement, and enhance employee well-being.

Kapnick HRemote Logo

A Suite of Services

Our suite of benefit services including COBRA, FSA administration, a web-based enrollment system that can fully automate employee benefits administration with employee self-service coverage selection, online HR content and training, and more.

Kapnick Voluntary Logo

Voluntary Benefits

Offering a selection of voluntary benefits increases employee engagement, spotlights the value of your benefits program, and balances employees’ needs with your bottom line while closing potential benefits gaps.

Kapnick Insurance Group provides dedicated client service and valuable resources for all employee benefit services and plans by being a one stop shop with the following tools:

Kapnick Flex™

Stress-free management of your Flexible Spending Account (FSA) and MyBenny Card.

Kapnick Call Center

A resource staffed by highly trained employee advocates who are ready to answer employee questions about benefits eligibility, dependent eligibility claim payments, and requests for help.

Kapnick COBRA

A full range of COBRA administration services, from initial notification and service support to premium collection and monthly reporting.

Kapnick ThinkHR

An integrated suite of HR knowledge, compliance tools, and training solutions that make your HR professionals more effective and efficient.

Online Enrollment Platforms

Fully automated employee benefits administration – from employee self-service coverage selection, to EDI data feeds with carriers.

Which employee benefits are right for your business?

Use the yellow hot spots and explore how employee benefits can help attract, retain and protect your team.
Employee Benefits

Group Health Insurance

Risk Factor

One of the main factors in attracting and retaining good employees is the benefit program offered by employers. This typically starts with your group health insurance plan.

Solution

Regardless of the company’s financials, there are ways to make health insurance available to your employees and their dependents. Offering health insurance doesn’t have to break the bank. There are many solutions available to small, mid-size and large employers.

Group Life Insurance

Risk Factor

When employees are worried about their financial situation, they may not be as productive. Many individuals today do not have life insurance or adequate savings to cover final expenses, which places additional stress on employees and/or their families when the need arises.

Solution

A group life insurance plan can put your employees’ minds at ease, knowing their family will have resources available when they need them. Policies can also include a dependent benefit to help the employee pay for expenses if their dependent passes. Another solution is to offer a voluntary life benefit whereby the employee pays a lower premium through payroll deduction than they would if they found coverage on their own. Group life insurance is also tax deductible.

Disability

Risk Factor

Many employers are faced with offering lower wages than their competitors and find it difficult to find and retain qualified workers.

Solution

Offering a short-term and/or a long-term disability program can provide prospective and current workers with another form of financial stability. An employee may be offered a higher wage elsewhere, but are they offered protection if that paycheck stops due to pregnancy, illness or other disability? How will they pay the mortgage or other bills? Employers offering a disability plan can provide peace of mind to their employees and gain an advantage over those that don’t.

Group Dental Coverage

Risk Factor

Failure to have regular dental checkups can lead to more serious problems than a toothache.

Solution

Offering dental coverage to your employees can help encourage them to see a dentist on a regular basis. Gum disease has been linked to heart disease as well as diabetes. Catching these issues early not only helps your employees’ health, it may help reduce your long-term health insurance costs before a big claim hits!

Vision Care Coverage

Risk Factor

Similar to dental coverage, if your employees are not getting regular eye exams, they may have underlying medical conditions such as heart disease or diabetes that can surface later at a greater expense to your medical plan.

Solution

Offering vision care coverage is a very affordable component to offering health benefits. It’s an inexpensive portion of the benefit package with a high value of return and can help offset the impact of increased medical costs, becoming a cost-effective, early intervention tool.

Voluntary Coverage

Risk Factor

Not being able to meet an employee’s individual needs can pose a threat to worker retention and attracting new talent, both of which can be costly to your bottom line.

Solution

Offering voluntary coverage lets your employees choose benefits that are important to them. It’s a cost-effective way to provide a variety of benefits at little or no impact to your monthly premiums. Examples of voluntary coverage include:

  • critical illness, hospital indemnity, cancer coverage
  • life, dependent life, short-term and long-term disability coverage
  • dental care
  • vision care

Compliance Audits

Risk Factor

Compliance audits are increasing and Department of Labor fines can be costly. Do you have all of the documents and paperwork at your fingertips should you receive an audit letter?

Solution

A good benefits broker will educate you on the compliance pieces so that you are prepared for that dreaded day. A wrap document covers most of what is required and the remaining forms should be readily accessible with proof of distribution to employees and/or eligible participants.