Employee Benefits: Simplified

What are Benefit Credits?

Benefit Credits are a way for your employer to let you choose what voluntary benefits you want.

It’s simple: your employer gives you Benefit Credits, you choose the plans you want and spend your Benefit Credits that your employer gave you on the Smart Insurance Marketplace.

Your employer is happy that is was as easy as giving you money.
You’re happy you got to choose plans that benefit you best.

How do I get started?

You’re likely here because your employer told you that this is how you’ll get your benefits now.  That means you’re ready to get started!

The first thing you’ll need is your log in information. It’s easy enough, just get the link to the Smart Insurance Marketplace from your employer. You’ll be asked to enter your Date of Birth and Social Security number. That’s it, you’re on the Smart Insurance Marketplace and ready to spend your Benefit Credits.

On the Smart Insurance Marketplace, you can see each plan has a detailed policy description of coverages and the annual premium listed. All you have to do is find what suites you, and click to spend the Benefit Credits your employer has allotted to you for your benefits.

What if I need help?

Don’t worry, that’s what we’re here for.

We offer support to you on the Smart Insurance Marketplace. Our licensed agents can give you advice, answer your questions, or even help you enroll if you prefer. If you’re not comfortable enrolling online, we can also enroll you over the phone. Employees can call us at 855-826-0023 and we will help you, no matter where you are in the enrollment process.

Types of Benefits

Dental

Major medical plans typically have some dental benefits, but a dental plan alone can be much more comprehensive for your dental needs. Dental plans cover the necessary services rendered by professional dentists.

Vision

Vision is exactly what it sounds like. Many major medical plans do not include vision benefits or don’t cover as much as a consumer would like. A vision plan helps consumers afford necessary services from eye care professionals such as ophthalmologists and optometrists.

Life

These plans are meant to help your family financially in the event that you pass away and are no longer able to provide for your family. In the event of your death, it would pay out a sum of money to the beneficiaries. Sometimes, there is a waiting period involved, depending on the plan policy.

Disability

This plan provides a safety net for you and your family in case you are disabled and unable to work. It’s designed to replace 45-65% of your income and is paid out periodically, like a paycheck would be,  in the event that you are disabled.

Deductible Supplement

These plans are meant to work with a major medical plan. It does exactly what its name says: supplements the deductible. This means that if your major medical plan has a really high deductible, this plan will help you until you do meet that deductible. For example, if your major medical plan has a $6,350 deductible, and you find out that you need to have a surgery that will cost $5,250, this plan will have a lower deductible to limit your out-of-pocket expenses, and allow you to focus on getting your health back.

Accident

These insurance plans have a cash payout if the consumer suffer from specifc injuries. If a specific injury does occur, the payout is made to the consumer rather than to a medical provider. This way, the consumer can use the money for whatever they chose.

Critical Illness

This plan works similarly to an accident insurance plan, but is meant to provide a cash payout if the consumer is diagnosed with a serious, life-threatening illness.