The COVID-19 pandemic has had
far-reaching effects on the veterinary profession – from temporary shutdowns to
a flood of new patients spurred by quarantine-inspired adoptions to
safety-driven curbside service delivery methods. Underscoring it all has been a
sense of uncertainty within the profession, which has placed a spotlight on the
need for certain types of insurance. More than ever before, practice owners –
and their team members – are recognizing the value of voluntary employee
benefits programs that can provide financial protection for unexpected life
What has failed to reach the
spotlight, however, are the value-added services that often are included in
employee benefits programs. These services can deliver an extra – and
much-needed – measure of support when team members and their families need it most.
Some of these services might include:
Employee Assistance Program (EAP).
confidential assessments, short-term counseling, referrals, and follow-up
services for employees with personal and/or work-related problems.
benefits. This cash
advance (based on a portion of an employee’s Life insurance death benefit)
is paid to employees diagnosed with a terminal illness and can be used to
pay off student loans, help save for a child’s education, pay medical
bills not covered by health insurance, and even take one last dream
and funeral preparation services.
Why wait for the worst to happen? This service is available to help
employees be proactive and work through key decisions before a
crisis occurs with professional advocates, including licensed attorneys.
counseling services. Once the
worst has happened, this service is available to help bereaved family
members cope with emotional, financial, and legal issues.
Reaping the Benefits of an Employee Benefits Program
The fundamental purpose of
insurance is to provide peace of mind and protect a family’s financial future.
By offering an employee group benefits program that includes value-added
services, practice owners can foster a sense of security among team members
that may translate to a more stable, productive work environment. As an
additional bonus to practice owner, such programs also can support their
efforts to attract and retain the most qualified team members.
But what can practice owners do
to maximize the benefits of these programs to their team members and ultimately
the practice itself? The answer is simple: communicate. Practice owners play a
key role in communicating with their team members – and potential team members
– about the benefits and value-added services available to the
veterinary practices have an affordable option for providing team members with
valuable group benefits, the AVMA Trust has partnered with The Hartford to
create the AVMA Trust Employee Benefits Program. Designed with veterinary
practices in mind, the program provides group Life insurance, and Accidental
Death & Dismemberment insurance, Short- and Long-term Disability insurance,
as well as a number of value-added services under The Hartford Life EssentialsSM*,
- An Employee Assistance Program
- Funeral Planning and Concierge Services
- Estate Guidance®
- Beneficiary Assistance®
- Travel Assistance and Identity Theft Protection Service
To learn more
about the AVMA Trust Employee Benefits Program offered through The Hartford or
to schedule a private consultation, request to speak with one of our plan specialists.
More to discover
In addition to the AVMA Trust Employee
Benefits Program, the AVMA Trust offers other group plans to help practice
owners protect and support their employees:
Association Health Plan. Healthy employees are happy employees.
Finally, veterinary practices of all sizes have access to an affordable group
health plan for their teams. Plans are available in Arizona, Arkansas, Florida,
Georgia, Illinois, Michigan, Montana, Nebraska, North Dakota, Oklahoma, West
Virginia, and Wisconsin.
Association Retirement Plan. The AVMA Trust is sponsoring a retirement plan designed
specifically for veterinarians and veterinary practices. Available exclusively
to AVMA members and their employees, the AVMA Trust Retirement Plan** offers a offers an array of benefits for practice owners,
including a customizable plan design, enrollment resources, investment
education and planning tools, and more more.
see everything the AVMA Trust has to offer?
The Hartford® is The Hartford Financial Services Group, Inc., and its subsidiaries, including underwriting company Hartford Life and Accident Insurance Company. Home office is Hartford, CT. All benefits are subject to the terms and conditions of the policy. Policies underwritten by the underwriting company listed above detail exclusions, limitations, reductions of benefits, and terms under which the policies may be continued in force or discontinued.
Form Series includes GBD-1000, GBD-1100 or state equivalent. Accident Form
Series includes GBD-1000, GBD-1300, or state equivalent. Disability Form Series
includes GBD-1000, GBD-1200 or state equivalent.
are offered through vendors that are not affiliated with The Hartford and these
services are not insurance. The Hartford is not responsible and assumes no
liability for the goods and services described in this material and reserves
the right to discontinue any of these services at any time. Services may vary
and may not be available in all states. Visit https://www.thehartford.com/employee-benefits/value-added-services for more information.
** Before adopting any plan, sponsors should carefully consider all the benefits, risks, and costs associated with a plan. Information regarding retirement plans is general and is not intended as legal or tax advice. Retirement plans are complex, and the federal and state laws or regulations on which they are based vary for each type of plan and are subject to change. In addition, some products, investment vehicles, and services may not be available or appropriate in all workplace retirement plans. Plan sponsors and plan administrators may wish to seek the advice of legal counsel or a tax professional to address their specific situations.