UNICO Financial Services Division

Employee benefit (mandatory and employer sponsored) programs are becoming a far larger portion of an employer’s overall payroll costs. Today it is estimated that these costs are approximately one-third of most employers’ payroll expenses.

Recent studies have shown, and our professional experience has proven, that most employees have no concept of just how costly benefit programs are: yet they feel it is the employer’s responsibility to provide them. In fact, many employers feel they must provide a good benefit program in order for them to be competitive in the job market. The increasingly larger price tag for competitiveness in this area can become a wasted expenditure if utilizing your programs becomes fraught with difficulties and unanswered questions. Our involvement helps to alleviate employee frustration and works to turn discontent into appreciation of programs that work as they are intended.

Designing an employee benefit program is only the first in a series of steps to developing an effective program. At UNICO, we place a high priority on assisting our clients in the process of ensuring that their benefit dollars work hard for them and achieve their objective. Providing a program of employee benefits is expensive, although the perceived value of the benefit can be quickly eroded if employees experience frustrations with claims, understanding coverage, understanding claims payment, etc. Our involvement in the process keeps frustration to a minimum and helps to make certain you and your employees continue to receive the level of service and benefits to which you are entitled.

Another aspect of employee benefit programs is the ever-changing regulatory environment that impacts how benefits are administered. One of our roles as your representative is to assist you in keeping abreast of these changes and the impact they have on your program. Our involvement provides the opportunity for your organization to be pro-active in the face of regulatory changes that can result in meeting your goals in an informed, cost-efficient manner.

As your representative, we become an extension of your firm and will provide you with on-going services that can be custom designed for your needs. Our day-to-day involvement can be as extensive as your needs dictate. We encourage you to work together with us to determine the level of involvement on our part that best suits the needs and priorities of both you and your employees.