For more than thirty-five years, the NFADA has offered a full brokerage service to member dealers at no cost to ensure that employees are receiving the very best options at the most competitive prices available in Western New York.
1) Health Insurance – Our fifteen million dollar ($15,000,000) portfolio includes very competitive options for “large group” and “small group” employers, as defined by the New York State Insurance Department:
a) Large group – we offer a very successful experience-rated fully insured program under the NFADA Employees Health and Welfare Trust umbrella. We conduct an annual RFP for our trustee board to review and ratify a host of plans from which participating employees may choose.
b) Small group – we review all community-rated options and make plan recommendations to each dealer based on their respective demographics and plan penetration. We assist each member dealer with their contribution strategy, employee communication, and conduct both on-premise and virtual open enrollment meetings for all locations. We administer COBRA at no additional charge.
2) Dental Insurance – We sponsor and manage a self-funded dental plan administered by The Guardian. Prudent management has allowed us to enhance benefits while consistently offering 0% annual premium increases. This is a voluntary benefit, with employees responsible for 100% of premium through their weekly pre-tax payroll deductions.
3) Vision Insurance – At the request of dealership employees, we added a fully insured vision plan, administered by The Guardian to our benefit portfolio. This popular program has no minimum participation requirement. This is a voluntary benefit, with employees responsible for 100% of premium through their weekly pre-tax payroll deductions.
4) Group Life Insurance – We offer a Guardian group term life insurance plan which provides $15,000 life insurance and $15,000 accidental death and dismemberment insurance to dealership employees for a nominal monthly fee.
5) Supplemental Life Insurance – Any employee covered by our Guardian Group Life Insurance may elect to purchase additional supplemental term life insurance for themselves, their legal spouse, and eligible dependent children. This is a voluntary benefit, with employees responsible for 100% of premium through their weekly pre-tax payroll deductions.
6) HR Hotline – For all dealers who participate in any of the aforementioned items, we provide a free confidential Human Resource Hotline through PeopleSystems, Inc.
For more information or questions send us an email.