Keystone Benefits Partners
A proven risk model for controlling and driving down the cost of employee benefits.
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Choice
As an employee benefits program we have great relationships with many well-known, reputable insurance companies and vendors, giving you choice through the Power of One.
Expertise
Our insurance advisors have years of experience. We are prepared to educate you and serve as your advocate from benefit plan design through vendor delivery.
Service
Our advisors have a passion for protecting what you value most. If it matters to you, it matters to us. We operate in a team environment and keep service at the heart of our culture.
What Our Clients Say About McConkey Insurance & Benefits
One of the greatest values of KBP is risk mitigation. It gives smaller organizations who want to be self-insured the ability to have buying power of a larger group and see the financial benefits as well as the risk mitigation benefits of being self-insured. What I like best about KBP is the stability that it offers to our employees.
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Kim Miller- Sechan Electronics
BRT chose to join KBP because it’s a member owned company and we can see the full transparency of all of our costs on a month-to-month basis, which allows us to make business decisions that help our team members be able to save on healthcare costs in their individual lives and ultimately on their contributions on a pay basis.
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Dan Mast- BRT, Inc.
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Employee Benefits 101
Learn more about employee benefits so you can make an informed decision on your coverage.
Group Health Insurance
Risk Factor
One of the main factors in attracting and retaining good employees is the benefit program offered by employers. This typically starts with your group health insurance plan.
Solution
Regardless of the company’s financials, there are ways to make health insurance available to your employees and their dependents. Offering health insurance doesn’t have to break the bank. There are many solutions available to small, mid-size, and large employers.
Group Life Insurance
Risk Factor
When employees are worried about their financial situation, they may not be as productive. Many individuals today do not have life insurance or adequate savings to cover final expenses, which places additional stress on employees and/or their families when the need arises.
Solution
A group life insurance plan can put your employees’ minds at ease, knowing their family will have resources available when they need them. Policies can also include a dependent benefit to help the employee pay for expenses if their dependent passes. Another solution is to offer a voluntary life benefit whereby the employee pays a lower premium through payroll deduction than they would if they found coverage on their own. Group life insurance is also tax deductible.
Disability
Risk Factor
Many employers are faced with offering lower wages than their competitors and find it difficult to find and retain qualified workers.
Solution
Offering a short-term and/or a long-term disability program can provide prospective and current workers with another form of financial stability. An employee may be offered a higher wage elsewhere, but are they offered protection if that paycheck stops due to pregnancy, illness, or other disability? How will they pay the mortgage or other bills? Employers offering a disability plan can provide peace of mind to their employees and gain an advantage over those that don’t.
Group Dental Coverage
Risk Factor
Failure to have regular dental checkups can lead to more serious problems than a toothache.
Solution
Offering dental coverage to your employees can help encourage them to see a dentist on a regular basis. Gum disease has been linked to heart disease as well as diabetes. Catching these issues early not only helps your employees’ health, it may help reduce your long-term health insurance costs before a big claim hits!
Vision Care Coverage
Risk Factor
Similar to dental coverage, if your employees are not getting regular eye exams, they may have underlying medical conditions such as heart disease or diabetes that can surface later at a greater expense to your medical plan.
Solution
Offering vision care coverage is a very affordable component to offering health benefits. It’s an inexpensive portion of the benefit package with a high value of return and can help offset the impact of increased medical costs, becoming a cost-effective, early intervention tool.
Voluntary Coverage
Risk Factor
Not being able to meet an employee’s individual needs can pose a threat to worker retention and attracting new talent, both of which can be costly to your bottom line.
Solution
Offering voluntary coverage lets your employees choose benefits that are important to them. It’s a cost-effective way to provide a variety of benefits at little or no impact to your monthly premiums. Examples of voluntary coverage include:
- Critical illness, hospital indemnity, and cancer coverage.
- Life, dependent life, short-term, and long-term disability coverage.
- Dental care.
- Vision care.
Compliance Audits
Risk Factor
Compliance audits are increasing and Department of Labor fines can be costly. Do you have all of the documents and paperwork at your fingertips should you receive an audit letter?
Solution
A good benefits broker will educate you on the compliance pieces so that you are prepared for that dreaded day. A wrap document covers most of what is required and the remaining forms should be readily accessible with proof of distribution to employees and/or eligible participants.
Keystone Benefits Partners was created for the purpose of driving down the escalating cost of providing employee benefits and offers its member companies total control, flexibility, with tools designed to meet their human capital needs. This is a powerful and proven program that also provides members with opportunities to participate and benefit from the sharing of best practices with some of the area’s best and strongest companies.
The member organizations of KBP are a growing list of “who’s who” in the business community. Each board member will gladly share how their organization has benefited from the KBP program. The shared vision and goal of the KBP members is clear: control and drive down the cost of employee benefits, year after year!
Developed by McConkey Benefits & Financial Services and Benecon in 2008, Keystone Benefits Partners, LLC (referred to as KBP) is a member-owned, member-governed organization of employers. Collectively, KBP members purchase employee benefits and participate in highly-effective risk and cost management programs. Each of the KBP member organizations is qualified and accepted by their peers.
Today, the growing pool of members represents:
- Over 120 operating companies
- Over $180 million in controlled plan expenses
- In excess of $40 million of independently priced highly structured layered risk reinsurance
- Over 22,000 insured participant lives
About McConkey Insurance & Benefits
Since 1890, McConkey Insurance & Benefits has been a locally owned and operated company providing financial security for businesses across the globe. Licensed in nearly all 50 states and with a client presence in over 20 countries, McConkey prides itself in being one of the Mid-Atlantic region’s oldest and most respected insurance brokerage firms. With nearly 100 members on the McConkey team, their service platform is second to none. McConkey is proud to say that even 130 years later, our core values and commitment to our clients and community has never wavered.
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2555 Kingston Road, Suite 100, York, PA 17402 | 717-755-9266
