Ancillary Benefits


Financial Brokerage Services can also assist with turnkey design, implementation and support services for ancillary benefits, which are insurance and benefit plans used to complement Virginia group health insurance coverage. Such benefits may be employer-funded (with substantial group pricing discounts) or voluntary (paid for by the employee).
Some types of ancillary benefits often packaged with group health insurance in Maryland include:

Group Life Insurance

Sadly, recent studies show that 40% of American adults have no life insurance, and millions more don’t have enough life insurance. By offering a group life insurance plan, your employees may be able to pay much less for this vital insurance coverage than if they were to purchase an individual policy.

Short-Term and Long-Term Disability Coverage

Disabilities occur more often than you might think. Short-term and long-term disability insurance can help you and your employees cope with work absences due to illness, accident or injury.

Accidental Death and Dismemberment Insurance (AD&D)

This type of insurance will pay benefits in the event of a serious accident that results in death or loss of certain body functions, such as sight, hearing or body parts.

Health Savings Accounts (HSA)

For employees who enroll in a high-deductible health insurance plan, a health savings account is a tax-advantaged method to save for qualified medical expenses. An employee and/or you, the employer, may make limited contributions to an HSA each year, with funds accumulating from year to year.

Health Reimbursement Accounts (HRA)

A health reimbursement account reimburses your employee for medical expenses not covered by other health plans. By law, only an employer may contribute to an HRA, and the employer determines the amount of the contribution as well as eligible expenses.

Flexible Spending Accounts (FSA)

A flexible spending account allows your employee to set aside a certain portion of his or her salary, pre-tax, to pay for qualified expenses such as medical and dependent care. Funds in the account must be used during the same year they are elected.

Dependent Care Accounts (DCA)

A dependent care account allows your employee to take a pre-tax deduction to be used for eligible dependent care or elder care expenses.

Call Now for a Quote on Any Employee Benefit

Comprehensive employee benefits are great for your employees, who get cost-effective, leading-edge insurance plans and benefits for themselves and their families. Call Financial Brokerage Services today at (301) 320-2000 to begin implementing products that will suit your employees and your company!