MetLife has introduced the Benefits Bundle for Small Business, a combination of employer-paid coverage and employee-paid voluntary benefits. The program is designed to make it easier for small businesses to offer employee benefits within flexible price points. Employers choose to provide a certain level of "core" life insurance, long-term disability income insurance or dental benefits by selecting at least two out of three coverages for their eligible employees. Employees are able to "buy up" additional coverage (with no minimum participation requirements) for the selected products.
The bundle also includes value-added features such as will preparation (based on state availability), an employee assistance program, and travel assistance with identity-theft benefits. Employers' benefits budgeting is made easier with three-year rate guarantees for life and disability insurance coverage and annual rate caps on dental coverage. The program is available now to small businesses with 10 to 99 employees in the Atlanta, Chicago, Dallas, Portland, and Seattle markets.
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