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Maximize Your Employee Benefits Without Maximizing Your Budget

Towne Benefits provides Employee Benefit Solutions designed to manage risk, contain costs, attract and retain employees, simplify administration, comply with Federal and state legislation, and enhance your employees’ health and well-being. If that sounds like a lot, that’s because it is. There is nothing simple about employee benefits. They are complex, costly, regulated, and most importantly, highly valued by employees.  

At Towne Benefits, we provide a suite of services & technology designed to streamline your work, reduce the cost of offering benefits, and enhance your compliance. 

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Employee Benefits

Providing a comprehensive benefits package to your employees, including group medical, life, disability, dental, vision, voluntary plans, and more is one of the top ways to attract and retain talent at your company.

Group benefits plans offer coverage to a pool of employees and they hold several advantages for both the company and the individual, including lower costs, convenience, tax advantages, and easy enrollment.

We can offer your group plans from the top national carriers, including:

  • Aetna
  • Aflac
  • Allstate
  • Ameritas
  • Anthem Blue Cross & Blue Shield
  • Avesis
  • Blue Cross NC
  • Boston Mutual
  • Cigna
  • Cincinnati Life
  • Colonial Life
  • Delta Dental
  • Delta Vision
  • Dominion National
  • EyeMed
  • Fetch Pet Insurance
  • Guardian
  • The Hartford
  • HealthEquity
  • Humana
  • IMG
  • Legal Resources
  • MassMutual
  • MetLife
  • Morgan White Group
  • Mutual of Omaha
  • Nationwide
  • Oscar
  • Paylocity
  • Principal Financial
  • Prudential
  • Reliance Standard
  • Sentara Health Plans
  • SilverScript
  • Standard Insurance
  • Sun Life Financial
  • Transamerica
  • Trustmark
  • United Concordia
  • UnitedHealthcare
  • Unum
  • VSP
  • Washington National
Benefits Administration Technology

Towne Benefits offers a suite of benefit administration options, including digital compliance and enrollment, custom-built to your company’s specifications. These comprehensive benefit software solutions allow employees to enroll in their benefits online, increase the productivity of your HR team, and reduces overall cost.

A true differentiator of Towne Benefits is our in-house technology team who will consult, develop and implement your custom solution.

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Voluntary Benefits
Voluntary benefits can play an important role in your benefits package. Each employee can select the coverage they need at no cost to the employer. From accident and disability to cancer and dental, we represent all the major carriers in the market and have an in-house team that provides assistance in filing claims.
We provide the required documentation to have your employee benefit contributions tax-advantaged. Additionally, we will administer your Flexible Spending Accounts (FSA), Premium Only Plans (POP), and COBRA, or state continuation. These services integrate seamlessly with our technology and consulting services, a true advantage of working with the Towne Benefits enterprise.

Employer Funding Alternatives

At Towne Benefits, we provide multiple funding options for employer-sponsored health plans. Our team of Benefits Consultants can help you decide which funding option is best for your company's unique needs.

Fully Insured

With a fully insured health plan, the employer pays a premium, typically fixed for a year, to the insurance carrier. The insurance carrier collects the premiums and pays claims based on the coverage benefits outlined in the policy purchased. The covered members (employers and dependents) are responsible for paying any deductible amounts or co-payments required for services.

Advantages of a fully insured plan include:

  • Protection from costly medical claims
  • Predictable and consistent coverage and premiums
  • Simplicity of management


An employer has a self-funded (or self-insured) group health plan if it assumes the financial risk associated with providing health care benefits to its employees. Rather than paying fixed premiums to an insurance company—which, in turn, assumes the financial risk, the employer pays for medical claims out of pocket as they are incurred.

Advantages of a self-funded plan include:

  • Customization
  • Improved cash flow
  • Not subject to state health insurance regulations or benefits mandates
  • Specific networks to meet the needs of your employees

Level Funding

With level funding, employers pay a set monthly amount to the insurance carrier, typically including administrative and other fees and the maximum amount of expected claims based on underwriting projections, as well as embedded stop-loss insurance.

The carrier facilitating the level funding will pay the employees’ claims throughout the year. At the end of the year, if payments exceed claims, the employer will receive a refund from the excess paid in monthly claim allotments. If the claims exceed what was paid into the program, in most cases, the stop-loss insurance will cover the overage amount.

Advantages of level funding include:

  • Potential surplus at the end of the plan year
  • Detailed reporting and utilization trends
  • Fewer governmental regulations
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Compliance & HR

With millions of dollars of penalties imposed on employers annually, compliance may be the biggest liability you face and greatest advantage we offer. The Towne Benefits Compliance department is available to consult and our employee benefits websites provide practical solutions designed to mitigate your risk.

We also have HR specialists dedicated to offering you one-on-one assistance with your questions and concerns.