The most valuable asset of any business is its workforce – particularly its key employees who strategize and drive the company’s vision, growth and success.
Yet in today’s turbulent health care market of soaring deductibles, co-pays, co-insurance and other out-of-pocket expenses not covered by a company’s primary health care plan, it’s difficult – if not cost-prohibitive – for a business to provide its key employees with the added level of insurance coverage they want and need. This, in turn, affects a company’s ability to attract new talent, satisfy existing talent, and to retain both.
Sankaty Light Benefits navigates your business through these tumultuous and murky health care waters with a beacon solution: The Sankaty Light Benefits Key Employee Health Care Cost Reimbursement Plan, ExecSelect.
Our unique, fully insured plan has been designed as a cost-efficient incentive that a business can offer to RECRUIT and RETAIN key employees to increase efficiency and growth. The plan provides direct, tax-advantaged reimbursement to key employees (and their eligible dependents) for health care expenses not covered by a company’s underlying medical plan – and premium costs are tax-deductible for employers.*