Insurance Services


VMA Insurance Services

As a VMA member, you have exclusive access to the VMA Insurance Services program. The Insurance Services are highlighted by our Property and Casualty Insurance and Group Benefits Programs. Our overarching goal is to provide your company and employees with a robust benefits solution that offers a wide array of options to meet your company’s needs.

Property & Casualty
Dental
Vision
Life & Disability
Value-added


Property & Liability Insurance Program

   

 

Bankers Insurance is dedicated to manufacturing operations and carries decades of experience in this industry.

Key Features – What makes us different:

  • Transparency: Our proprietary process leads manufacturers through the decisions that make up their insurance price.  Unlike other methods, we educate clients on their risks and disclose how those risks affect pricing.
  • Cover What You Want: We help clients understand their tolerance for risk and design an insurance program to cover the rest.
  • Time Savings: Convert unproductive time “quoting” policies into revenue-producing activity.  Our process ensures each business is positioned beforehand to receive optimal rates from insurance companies.
  • Risk Assessment: A thorough review of risks and systematic means to address each.

 

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Group Benefits Program


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Dental Benefits

  • Offered through Anthem Blue Cross Blue Shield (BCBS)
  • Utilizes the comprehensive Anthem Dental Network – one of the largest nationally
  • 3 Plans to choose from with varying levels of coverage
  • Comprehensive access across the Commonwealth and nationwide
  • Stability of providers in the network to minimize disruption to your employees
  • Employee-paid or employer-paid options available
  • Based upon plan, coverage could include preventative care, fillings, periodontics, endodontics, oral surgery, crowns/bridges, and orthodontia
  • White fillings on all teeth


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Vision Benefits

  • Offered through Anthem
  • Standalone vision plan including employee-paid or employer-paid options:
    • Affordable co-payments for exams and vision materials
    • Allowances for exams and lenses (covered every 12 months) and frames (covered every 24 months)
  • Additional discounts up to 35% for amount paid above the allowance (except Costco) for:
    • Additional pairs of glasses
    • Non-prescription sunglasses
    • 15% discount for Laser Vision Correction
  • Utilizes the comprehensive Anthem Vision Network


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Life, Disability & Value-Added plans

Life Plans

  • For employers with 50 or more employees, a custom proposal including flexible benefits levels and variations by class is available for each employer
  • For employers with less that 50 employees, there are 3 plan options through Anthem Life
    • $15,000
    • $50,000
    • $100,000
  • Travel Assistance Services
  • Resource Advisor – help from a counselor, a lawyer or financial consultants
  • Guaranteed issuance
  • Accidental Death and Dismemberment benefit

Voluntary or employee-paid life insurance

  • Allows employees to purchase additional life insurance
  • Coverage up to 5 times annual salary
  • Guarantee issue limit to $150,000 (with no medial questions/medical underwriting)
  • Spousal/dependent coverage available

Short-Term Disability –

  • Employee-paid or employer-paid options
  • For companies with 50 or more employees, the benefit options are specifically designed to each employer’s needs
  • For companies with less than 50 employees
    • Up to 60% of pre-disability earnings for 24 weeks
    • Maximum benefit up to $1250 per week
  • W-2 preparation and FICA match included

Long Term Disability –

  • Including voluntary and employer paid 
  • For companies with 50 or more employees, the benefit options are specifically designed to each employer’s needs
  • For companies with less than 50 employees,
    • Up to 60% of pre-disability earnings
    • Maximum benefit up to $6000 per month
  • Coverage to Social Security Normal Retirement Age


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Value-Added Benefits

  • Adding additional protection for unforseen out-of-pocket expenses related to an accident, major illness, or hospitalization
  • Three plans offered through Anthem:
    • Accident plan – two plans options available
    • Critical illness plan – provides a benefit for the diagnosis of cancer, heart attack, stroke, etc.
    • Hospital Indemnity Plan
  • Replaces other consumer policies such as AFLAC and Colonial
  • Based upon a group platform (guarantee issue with no pre-existing limitation) and employee selections
  • Wellness benefit payable per person per year
  • Reduces employees being sold on policies creating an “over insured” scenario

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