Financial Representative

Daniel B. Tercero

Business Solutions & Financial Services Inc

Tel: 786-246-4411

E-Mail: tercero@allstate.com

Employee Benefits

As a Financial Specialist with more than 15 years of experience, I know many local families. My knowledge and understanding of the people in this community help me provide customers with an outstanding level of service. I look forward to helping families like yours protect the things that are important –I can also help you prepare a strategy to achieve your financial goals.

E-Mail: tercero@allstate.com

Miami Florida

Tel: 786-246-4411

Daniel B. Tercero

Financial Representative

Individual life insurance

Business life insurance

Employee Benefits

Retirement plan

Business owners
could get
business tax deductions
by getting
business life insurance to protect their families
or give
employees benefits.

In today’s competitive job market, keeping the people who matter most to your company may require providing more than traditional benefits. An Executive Bonus Plan is a fringe benefit worth considering for key employees who are continually making significant contributions that add to your company’s success.

Think about your employee retention and security, protecting your business revenues, your unique value to the business, succession planning, and your personal family needs and retirement goals.

Employee benefits are non-salary compensation that can vary from company to company. Employers offer employee benefits to attract new employees, retain their workforce, and boost productivity. A typical benefits package includes health insurance, retirement planning, and paid time off

What Are Employee Benefits?

EMPLOYEE BENEFITS

Executive Bonus
Business Life Insurance Plan

If you’re looking for a plan to selectively reward key
employees, including yourself, an Executive Bonus Business Life Insurance Plan may make sense for your business.

Find More

Salary and commission are only one component of compensation. Pensions and other retirement plans have long been a part of compensation packages. Thanks to a wide variety of retirement plans and compensation options, it’s easier than ever to offer employees retirement savings solutions. Tax deductions for the business owner and tax-deferred savings for employees make today’s retirement plans affordable, manageable and flexible.

WHAT’S THE BEST WAY TO COMPENSATE YOUR EMPLOYEES?

An employee benefits package includes all non-wage compensation provided by an employer. These benefits might include employer-sponsored health insurance, paid time off, and retirement plans like 401(k)s.

In addition, an employee may find that a prospective employer is willing to offer other attractive perks in order to attract and retain employees. These include extras like paid gym memberships, phone and internet plans, free meals, and on-site child care.

What benefits and perks does the employee expect to receive when he or she is hired by a company? There are some types of employee benefits that are mandated by federal or state law, including minimum wage, overtime, leave under the Family Medical Leave Act, unemployment, and workers' compensation and disability insurance.

There are other types of employee benefits that companies are not required to offer but may choose to provide to their employees.

What is a benefits package?

A comprehensive benefits package is a collection of the most commonly provided and sought-after employee benefits. In most cases, a comprehensive benefits package should include these components:

What is a comprehensive benefits package?

Health insurance is usually one of the foundational benefits of a comprehensive benefits package. With health insurance, the employee can see doctors and receive treatments at a highly reduced out-of-pocket rate. Since health insurance is often most affordable through an employer-provided plan, you'll want to offer health insurance as part of your benefits package. In addition to health insurance, many employers also provide these additional health-related elements:

Health insurance

Dental Insurance:

Many employers include dental insurance as an add-on to the provided health insurance plan. In most cases, it's highly affordable for you, the employee, through your employer, and allows you to see a dentist or other dental professional for preventative and emergency treatment.

Vision insurance:

Vision insurance often functions like dental insurance it's a health insurance add-on policy that allows you to seek vision care and purchase contact lenses and glasses at reduced rates. Usually, you can add family members like a spouse and children to all your health insurance plans, so they also receive healthcare benefits.

Flexible spending accounts:

Some companies offer, in addition to health insurance plans, health care flexible spending accounts. This cash account allows you to pay for medical expenses like co-pays, prescriptions, and other health-related expenses without using your own income or savings.

Disability insurance usually comes in two forms — short-term and long-term. Both policies are important and used for different situations. Short-term disability insurance provides you with a percentage of your pay if you're unable to work because of a short-term injury or illness, usually categorized as 12 weeks or fewer off work. Often, short-term disability includes childbirth coverage. Long-term disability, by contrast, provides some income in the event of an injury or illness that keeps you from working for a long period, like several years.

Disability insurance

A life insurance policy provides a death benefit to your selected beneficiaries, usually a spouse, children or other immediate relatives, in the case of your death while working for the company. Many companies also include accidental death and dismemberment insurance with life insurance that provides a payout to an employee's loved ones.

Life insurance

The final foundational component of a comprehensive benefits package is the retirement package. Many companies offer 401(k) or other similar retirement options for their employees. Most provide matching, meaning whatever amount you choose to contribute to your plan, the company matches, helping you save for retirement faster.

Retirement package

Long-term care involves the assistance or supervision you may need when you are not able to do some of the basic "activities of daily living" (ADLs) which are, generally,
eating,
continence,
bathing,
dressing
or moving from a bed to a chair.
You might need assistance with ADLs if you suffer from an injury like a broken hip,
an illness,
a stroke
or from advanced age and frailty.
Other people may need long-term care because of
mental deterioration,
called "cognitive impairment" that can be caused by
Alzheimer's Disease,
other mental illnesses or brain disorders.
Long-term care is sometimes called "custodial care" or "personal care." Formal long-term care (the kind of care you must pay for) is provided by skilled and unskilled workers. Unskilled workers are sometimes supervised by skilled medical personnel such as registered nurses.
Informal long-term care is frequently provided by unpaid family members and friends.
Long-term care services can be provided
in your own home,
in a community program like an Adult Day Care Center,
in an assisted living facility licensed as a Residential Care Facility (RCF) or a Residential Care Facility for the Elderly (RCFE) or in a nursing home.
Long-term care is not necessarily "long-term." Some people only need long-term care for a few months, for example, while recovering at home from a broken hip, while others may need care for the rest of their lives.