Employee Benefit Packages Near Me – Premium Minnesota MN Employee Benefit Plans Provider

Tuesday, October 10, 2023 15:15 Posted by Admin
Employee benefit packages Minnesota, Employee benefit plans Minnesota, Employee benefits Minnesota

Discover the Benefits of Employee Benefit Packages Minnesota

Employee benefits are a crucial part of any employment package, and Minnesota offers a comprehensive array of benefits to its state employees. From health insurance to retirement plans, the North Star State ensures that its workforce is well taken care of. In this blog post, we will dive into the realm of employee benefit packages Minnesota and explore the different options available to you, so you can make the most of the benefits that come with your job.

We will cover everything your employees covered, from their health plan, dental insurance, and other voluntary retirement plans to benefits to wellness programs former employee, and additional perks and discounts. By the end of this post, you will have a thorough understanding of the benefits, health plan and retirement plan landscape in Minnesota and how to navigate open enrollment periods to make the most of your employee, health plan dental insurance and benefit packages Minnesota.

Key Takeaways

  • Explore the benefits of Minnesota employee benefit packages, including group health insurance, retirement plans, and paid leave.
  • Discover life insurance options and Flexible Spending Accounts (FSAs) for pre-tax dollars to cover healthcare costs.
  • Take advantage of Employee Assistance Programs (EAPs), wellness programs & incentives, open enrollment periods & additional perks/discounts offered by the state.

Understanding Minnesota Employee Benefit Packages

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Attracting and retaining a talented workforce often hinges on well pay and the provision of employee benefits. In Minnesota, state employees have access to a wide range of benefits, including health insurance coverage, retirement benefits, and medical, and disability insurance benefits, and paid parental leave. These and health medical and dental benefits are governed by a labor agreement between the Minnesota State Board of Trustees and the Minnesota State College Faculty (MSCF) and cover eligible health care expenses and disability insurance benefits, for employees.

The State Employee Group Insurance Program (SEGIP) handles a range of benefit programs to provide healthcare and wellbeing coverage for state employees, both former employee and current employees covered themselves, former employee themselves, and employees covered other organizations. These benefits and wellbeing programs are offered to help individuals maintain a balanced lifestyle. SEGIP provides an employee assistance program to promote employee wellbeing both in the workplace and in their personal life. These programs are designed to support the physical, emotional, and financial health of employees covered themselves and their families.

Let’s delve deeper into the various benefits and how they can help you and your family members.

Health Insurance for Eligible Employees

Eligible employees in Minnesota have several health plan and insurance options to choose from, including large group plans, small business plans, and the Minnesota Advantage Health Plan. Large group health plan and insurance plans are mandated to cover the ten essential benefits required by the Affordable Care Act (ACA) and additional benefits mandated by the state of Minnesota. Some large businesses in Minnesota opt for self-funding, which allows them to customize their program and save money by not utilizing insurance. Self-funding offers advantages such as retaining funds expected to be used for claims and bypassing the payment of state health insurance premium taxes, reducing the total cost by two to three percent.

For small businesses, health and dental insurance have the potential to save on taxes. You can set up flexible spending accounts for contribution of non-taxed money towards employee health and expenses, such as premiums and copayments. The ACA SHOP marketplace is a platform tailored for small business owners. It provides employers with the opportunity to enroll and to offer health or dental insurance coverage to their employees.

Moreover, eligible employees covered by health plan under the Advantage High Deductible Health Plan (HDHP) may also benefit from this health plan too, which is a health plan offered to eligible employees of Minnesota state and employees covered by health plan with high deductibles.

Retirement Benefits for State Employees

Securing any employee’s long term, financial wellbeing often involves careful retirement planning. Minnesota state employees have access to various retirement benefits, including 401(k), IRA, and safe-harbor programs. These benefits help employees save for their golden years and ensure they have a secure financial future.

Eligibility criteria for Minnesota state employees to avail themselves of these voluntary retirement plans and retirement benefits include:

  • Participation in the Minnesota Secure Choice retirement program for employers with five or more employees who do not currently sponsor a retirement plan
  • Employees must be 18 years or older to participate in the program
  • All employees must be fully vested in their elective deferrals

The Safe Harbor 401(k) enables all employees to contribute up to the maximum yearly deferral.

Life Insurance Options

Any comprehensive employee benefits package typically includes life insurance, providing financial protection for eligible employees, and their families in the event of the employee’s death. Minnesota employees may be eligible for the following types of life insurance:

  • Basic life insurance
  • Employee additional life insurance
  • Spouse term life insurance
  • Optional group life insurance

There are two main types of life insurance and disability insurance policies for Minnesota employees: term of and disability insurance coverage and whole life and disability insurance coverage. Term life insurance and disability insurance policies provide coverage for employees covered only for a designated term or duration, usually ranging from 10 to 30 years, and offer a death benefit to beneficiaries if the insured employer or individual passes away during the term.

Whole life insurance policies provide coverage for the entire lifetime of the insured family or individual, offering a death benefit as well as income both as a cash value component and income that accumulates over long term over time. Whole life disability insurance tends to cost and have higher premiums but offers lifelong disability coverage benefits and the potential for long term cash value and income growth.

Flexible Spending Accounts (FSAs)

Employees can utilize Flexible Spending Accounts (FSAs) as a valuable benefit to earmark pre-tax dollars for healthcare and dependent care expenses. By allocating a portion of their earnings to an FSA, employees can take advantage of tax savings by using pre-tax dollars to cover out-of-pocket expenses not covered by insurance.

There are two main types of FSAs: Medical and Dental FSAs and Dependent Care FSAs, which we will explore in more detail below.

These accounts offer a way for employees to manage their healthcare and dependent care expenses with more financial flexibility. By utilizing pre-tax dollars, employees can save money on their taxes and allocate their resources more effectively to meet their needs and those of their families.

Medical FSA

A Medical FSA in Minnesota is an employer-sponsored spending account that allows employees to utilize pre-tax earnings to cover qualified health care expenses. It can be used to pay for:

  • Routine out-of-pocket health care costs not covered by insurance
  • Copays
  • Deductibles
  • Prescription medications

Employees in Minnesota can take advantage of tax savings through a Medical FSA by utilizing their employer and pre-tax earnings to pay for health insurance and dental premiums, eligible dependent daycare, and out-of-pocket medical expenses. For the year 2023, the maximum contribution for a Medical FSA in Minnesota is $3,050. This benefit offers an employer a way to pay for eligible employees to to manage their healthcare costs more and cost effectively and save the employer money on their taxes.

Dependent Care FSA

A Dependent Care FSA in Minnesota enables employees to cover qualified dependent care expenditures for family members eligible dependents, such as daycare, with pre-tax dollars. Employees may contribute up to $5,000 per household from their salary before taxes each calendar year eligible dependents are. The funds may only be used for eligible health care expenses for eligible employees and dependents that have been taken out from the employee’s salary.

This type of FSA is particularly beneficial for working parents or those caring for long term, eligible dependents, such as a dependent adult who is unable to care for themselves. By allocating pre-tax dollars to cover these expenses, employees can effectively manage their own family members, employer, family members, and own income and dependent care costs and save money on their employer, family member employer and own income and taxes.

Employee Assistance Program (EAP) in Minnesota

Employees in Minnesota have access to resources through the Employee Assistance Program (EAP), which offers confidential assistance and resources to employees and their families who are dealing with personal, family, or health or work-related issues. The EAP provides six free counseling per family, and six coaching sessions per family member, per topic per family name, per year, ensuring that employees have the support and resources they need when facing challenges in their family and their personal life, health, or their family and professional lives.

The EAP addresses a variety of issues, including:

  • Mental health concerns
  • Relationship and family difficulties
  • Work-related challenges
  • Financial problems
  • Legal issues
  • Grief and loss adjustment
  • Sleep problems

By providing this valuable employer health insurance coverage and resource, Minnesota employers demonstrate their commitment to supporting the health and well-being of their employees and their families.

Maintaining a healthy work-life balance often relies on paid leave and time off policies. In Minnesota, eligible employees may have access to various paid leave policies, including vacation, sick leave, and parental leave. While Minnesota state laws do not mandate employers to provide vacation benefits to eligible employees now, beginning January 1, 2024, Minnesota’s earned sick and safe time law requires employers to provide paid leave to eligible employees, who work in the state. Employees may accumulate up to 48 hours of earned sick and safe time per year, with a minimum accumulation rate of one hour for every certain number of hours worked.

Parental leave is another vital benefit for Minnesota state employees. Eligible employees can take up to 12 weeks of unpaid parental leave during pregnancy or upon the birth or adoption of their child. Additionally, starting in 2026, Minnesota will provide paid family and medical leave to the majority of workers. These policies allow employees to focus on their health and the well-being of their families during critical times in their lives.

Wellness Programs and Incentives

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Employee benefits packages typically encompass wellness programs and incentives, promoting healthier lifestyles and improving overall well-being. Minnesota employers offer various wellness programs, such as diabetes management, smoking cessation, and fitness discounts. One example is the Advantage Value for Diabetes program, which falls within the scope of wellness programs and incentives offered by Minnesota employers.

Another example of health, resources is the Omada treatment program, a treatment which aims to reduce the risk of diabetes and facilitate weight loss in the long term future. The treatment program is 16 weeks, long term and provides participants with resources and support from health, and resources to help them achieve their health goals.

By offering these wellbeing programs and incentives, employers in Minnesota demonstrate their commitment to the health and well-being of their employees.

Navigating Open Enrollment Periods

Minnesota employees usually face two open enrollment period periods on an annual basis, during which employees can enroll or make changes to their employee benefit packages, with benefits such as health insurance coverage, life insurance coverage, and retirement benefits. The typical next open enrollment period for health and other open enrollment period, for Minnesota state employees is from October 27th to November 16th, 2022. During this time, employees have the opportunity to enroll or modify their health insurance plan, life insurance plans and other benefits.

Resources and resources available to assist Minnesota state employees enroll themselves during the open enrollment period include resources:

  • The Employee Self-Service portal
  • The State Employee Group Insurance Program (SEGIP)
  • The Employee Assistance Program
  • The Minnesota Advantage Plan programs and services

The ‘Guide to Additional Health Care Resources’ provided by the state also offers valuable information to help employees navigate the open enrollment process and make informed decisions about their health plan benefits.

Additional Perks and Discounts for Minnesota State Employees

Beyond the core benefits, Minnesota state employees, including former employee(s), can potentially access additional perks and discounts. These include identity protection services, exclusive wellness deals, and professional development opportunities.

Identity protection services offered to Minnesota state employees include comprehensive and active monitoring to prevent identity theft, credit monitoring, fraud detection, and notification of personally identifiable information. Exclusive wellness offerings available to state employees include a wellness discount marketplace for Blue members and a well-being program with incentives.

Additionally, Minnesota state employees have access to numerous professional development opportunities, including training and certification programs, workshops, and seminars. These additional perks and discounts demonstrate the value Minnesota places on its employees and their well-being.

Relevant Statistics

  • In Minnesota, 98% of companies offer health insurance as part of their employee benefits packages.
  • The average vacation time provided by Minnesota employers is 15.7 days per year.
  • Approximately 84% of Minnesota employees have access to retirement savings plans through their employers.
  • Over 92% of companies in Minnesota offer flexible work arrangements like remote work or flexible hours.
  • The average employer contribution towards a Minnesota employee’s health insurance premium is 79%.

General Facts

  • Minnesota employee benefits packages typically include health insurance coverage.
  • Paid time off, including vacation days and sick leave, is a common component of these packages.
  • Many employers in Minnesota offer retirement savings plans such as 401(k)s or pensions.
  • Employee benefits packages often include dental and vision insurance options.
  • Additional perks like flexible work schedules or gym membership reimbursements may also be included in these packages.


In conclusion, Minnesota offers a comprehensive employee benefits package that caters to the diverse needs of family members in its workforce. From health insurance and retirement benefits to wellness programs and additional perks, the state ensures that family members of its employees have access to the resources and support necessary to maintain a healthy work-life balance and achieve their personal and professional goals.

By understanding and taking advantage of these benefits, employees can not only improve their family and own well-being but also contribute to a healthier and more productive workplace. The North Star State truly shines in its commitment to supporting the health needs of its employees and their families.

Frequently Asked Questions

What is a standard benefit packages for employees?

Employee benefits typically include: medical and dental coverage, insurance, and dental coverage, and vision coverage, life insurance, retirement planning, paid time off, and a 401k. Additional benefits and perks can also be offered by employers to attract and keep new employees and retain both new employees and current employees, too, such as stock options, training opportunities, and more.

What are the benefits of working for the state of Minnesota?

Working for the state of Minnesota offers numerous benefits, such as medical and dental coverage, insurance coverage such as life, disability and long term and-term care insurance, as well wellbeing programs such as pre-tax spending accounts and an employee assistance program to promote wellbeing programs.

How much PTO do MN state employees get?

Minnesota state employees typically receive between 13 and 29 days of vacation leave each year, depending on their length of service. Part-time employees receive vacation leave based on hours worked.

What is the average benefits package?

The average monthly cost of employee benefits for civilian workers is $1,997.36, $1,798.69 for private industry workers and $3,322.87 for state and local government workers based on a 35-hour work week.

What are the 4 major types of employee benefits?

Employee benefits typically include: medical and other coverage, other insurance coverage, and insurance, dental coverage,, insurance, paid time off, and retirement plans. Other nontraditional benefits can further boost employee engagement and employer satisfaction.

Written by Todd Taylor

Todd Taylor

Todd Taylor oversees most of the marketing and client administration for the agency with help of an incredible team. Todd is a seasoned benefits insurance broker with over 35 years of industry experience. As the Founder and CEO of Taylor Benefits Insurance Agency, Inc., he provides strategic consultations and high-quality support to ensure his clients’ competitive position in the market.

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