“We at B&B Wrecker have had Transcend Benefits for 2 years and they are an asset to our employees and business. They provide benefits that give us peace of mind at NO additional cost and save the company money at the same time. I’ve known Josh personally for approximately 15 years. He is truly a great guy that I trust wholeheartedly.”
“We feel blessed to have teamed up with Transcend Benefits. We believe this bolsters our benefits package and gives us a competitive advantage when hiring new people. The people at Transcend are easy to work with, quick to respond, and willing to meet our schedules. These benefits really help our employees with NO effect to their take-home pay, while we save at the same time.”
The Transcend Benefit Plan is an innovative program designed to allow employees to benefit from tax savings and restructure their health insurance benefits to reduce or even eliminate their out-of-pocket expenses. The Plan provides allowances for deductibles, co-insurance, co-pays, dependent care and other out-of-pocket expenses. By allowing higher contributions than typical FSA and HSA plans, The Plan provides greater savings. The Benefit Allowance created by these savings can be used to purchase supplemental insurance to cover these out-of-pocket expenses, replaces lost wages and pays other expenses not covered by your major-medical plan. All this can all be accomplished without negatively affecting your net take home pay.
The Program truly lowers your taxable income, so you owe less in taxes. This could actually put you in a better tax situation. Plus, there are no additional forms to fill out come tax time.
The average employee participation in The Transcend Benefit Plan is 85%. For every participant, employers save between $350-$700 on payroll or FICA taxes every year. The savings are immediate and predictable, enhancing your company’s bottom line.
These supplemental policies are portable, so you will have the ability to take them with you if you leave the company. However, the benefits of the Transcend Benefit Plan are only available with a participating company.
We have a large selection of top-rated carriers.
This is an annual plan and coverage can only be modified at each open enrollment, or due to a qualifying event.
With this program, there is no need to change your existing offering. We make enrollment easy and work with your current programs.
All policies can be modified to cover eligible dependents.
No. The main role of your HR will be to simply notify Transcend of new employees that want to participate in the plan and of terminated employees to be removed.
