Employee Benefit Packages Near Me – Premium Montana MT Employee Benefit Plans Provider

Tuesday, October 10, 2023 15:42 Posted by Admin
Employee benefit packages Montana, Employee benefit plans Montana, Employee benefits Montana

Employee Benefit Packages Montana: An Overview

In the picturesque state of Montana, employee benefits play a crucial role in the lives of both employers and employees. Offering competitive employee benefit packages Montana not only attracts top talent but also fosters a healthy and productive work environment. In this blog post, we’ll explore the various facets of employee benefits in Montana and how they impact the workforce.

Key Takeaways

  • Montana employers offer comprehensive employee benefit packages, including health insurance options, retirement benefits and voluntary benefits.
  • Allegiance Benefit Plan Management provides services to help Montana businesses design and manage their benefit programs efficiently.
  • Resources from the Montana Department of Labor & Industry, Chamber of Commerce and Interlocal Authority are available to support employees and employers in navigating the costs associated with offering competitive benefit packages.

Understanding Montana Employee Benefit Packages

Montana’s employee benefit packages aim to draw and keep the best talent by providing wide-ranging coverage in areas like group health insurance, retirement plans, vacation, and voluntary benefits. A well-rounded package ensures that employees feel valued and cared for, ultimately contributing to their overall happiness and productivity.

Health insurance plan options in Montana typically include coverage from reputable companies like BlueCross Blue Shield of Montana for medical plan options, VSP Vision Care for basic vision coverage, and Navitus Health Solutions for prescription drug coverage.

In Montana, retirement benefits for state employees usually include involvement in the Public Employees Retirement System (PERS) and public pensions for state and local government employees. In addition to these core benefits, Montana employers may offer voluntary benefits, such as:

  • Life insurance
  • Dental insurance
  • Supplemental insurance
  • Additional retirement benefits

Health Insurance Options in Montana

Health insurance options in Montana cater to cover the diverse needs of state employees by offering medical, dental, vision, and mental health coverage. The state is actively working to improve its public employee health plan, with Blue Cross and Blue Shield of Montana set to contract to take over administration next year. Montana Health Centers provide a to employer a wide range of services, including primary care, laboratory work, flu vaccinations, and same-day services, ensuring that state employees have access to quality healthcare.

Montana’s implementation of six months of reference-based pricing – a pricing model that sets maximum amounts of money and prices that a health plan or employer will pay for inpatient and outpatient services – has resulted in significant cost savings. With no expense for Standard Plan participants and a $55 copay for High Deductible Health Plan participants, Montana Health Centers make healthcare services more affordable for employees.

Retirement Benefits for Montana Employees

Retirement benefits play a critical role in the financial security of Montana employees, with 78% of businesses in the state offering 401k plans to their personnel. These plans, along with IRAs and defined contribution plans, provide a pathway for employees to save for a comfortable retirement, often with matching contributions from employers.

Defined contribution pension plans in the state of Montana enable employees to contribute a portion of their remuneration to individual accounts, with a contribution rate of 7.9% of a person of gross pay. These plans provide retirement benefits based on the amount of money a person contributed and the investment performance of individual accounts.

Montana offers both defined benefit and defined contribution retirement plans through the state Public Employees’ Retirement System (PERS).

Voluntary Benefits Offered by Montana Employers

Montana employers offer voluntary benefits with the aim of promoting employees’ overall well-being. Examples of such benefits include wellness programs, financial planning services, and employee assistance program (EAP) services. Montana employers also provide various insurance policies through companies like MMIA, which offers fully insured basic and voluntary life policies through UNUM Life Insurance.

In Montana, wellness programs equip employees with preventive medications, health screenings, knowledge on maintaining a healthy lifestyle, and incentives to engage new employees in healthy habits. Furthermore, financial planning services offered by employers can cover areas beyond primary care such as investment strategy, retirement planning, risk management, wealth management, and tax planning strategies.

Attracting Top Talent with Competitive Benefit Packages

surgery, hospital, medical professionals

In Montana, a competitive benefits package is key to recruiting and keeping the best talent. Core benefits, such as medical, prescription, basic vision, employee-only dental, and basic life insurance, form the foundation of such packages. Employers may also offer retirement plans, dental insurance, vision insurance, and long-term disability insurance.

Companies like Allegiance Benefit Plan Management play a significant role in helping employers design and manage competitive benefit packages. Some of the ways Allegiance helps employers include:

  • Proactive cost management strategies
  • Trend management
  • Technological efficiencies
  • Strong provider relationships

These strategies enable employers to offer comprehensive benefits that attract top talent while controlling costs.

The Role of Allegiance Benefit Plan Management

For over three decades, Allegiance Benefit Plan Management has been assisting Montana employers in constructing and administering their benefit offerings. With a strong focus on:

  • proactive cost management strategies
  • trend management
  • technological efficiencies
  • provider relationships

Allegiance has become a national model for employer control and transparency over paid medical bills.

Allegiance not only processes medical plan claims for the State Plan in Montana but the company also provides an online system for employees to access claims, medical plan details and documents, coverage enrollment, and other programs and information that support their overall health and well-being. By offering these comprehensive services, Allegiance plays a pivotal role in managing employee and other medical plan benefits for Montana employers.

Navigating the Costs of Employee Benefits in Montana

Despite the crucial role an employer has of employee benefits in drawing and keeping talent, Montana employers often face challenges in managing their own plan costs. Employers can implement strategies such as wellness programs, cost-sharing, and self-funded pension plans to keep employer and benefit plan costs under control.

By improving employee health and cutting down on healthcare expenses, wellness programs can lead to cost savings. Cost-sharing strategies, such as health sharing plans and shared objectives, can also help manage benefit costs. Self-funded plans, where employers assume the financial responsibility of providing healthcare coverage, offer greater control over benefits and the potential for cost savings.

Strategies for Controlling Benefit Costs

One approach to controlling benefit costs is to offer high-deductible health plans, which can result in decreased total costs and enable employees to put money in open Health Savings Accounts (HSAs). Promoting preventive care can also help control costs by encouraging early detection primary care and treatment of health issues, leading to reduced healthcare expenses and increased productivity.

Negotiating with carriers for better rates and utilizing self-funded plans that allow for customization of benefits based on the company and employee needs can also contribute to cost control. By employing these strategies, Montana employers can effectively manage employee benefit costs while still offering competitive packages that attract and retain top talent.

Supporting Employee Work-Life Balance in Montana

grandmother, little boy, window

Maintaining a happy and productive workforce in Montana requires support for employee work-life balance. Employers can offer benefits such as:

  • Flexible workspaces
  • Flexible schedules
  • Childcare
  • Free public transportation

These benefits help employees strike the right balance between work and personal life.

Flexible workspace options can include remote work opportunities, co-working office spaces, and flexible workplace strategies like hot-desking and desk hoteling for children. Childcare benefits, such as assistance, subsidies, or employer-supported programs, can help alleviate the burden of childcare costs for working parents.

Providing free or subsidized public transportation can further contribute to employee satisfaction and work-life balance.

Legal Requirements for Montana Employee Benefits

When offering employee benefits to eligible others, eligible Montana employers are subjected to certain legal requirements. For instance, nearly all employers with one or more employees are required to provide workers’ compensation insurance to eligible others. Additionally, the Affordable Care Act has significantly impacted employee benefits for eligible others in the state of Montana by providing increased healthcare coverage and access to a comprehensive range of services for eligible individuals.

Montana’s family and medical leave law allows an employer for each parent to take up to two children on 12 weeks of FMLA leave, with an additional 15 days of leave for family illness or death. While employers are not legally obligated to provide health insurance, offering competitive pay and benefits packages can help attract and retain top talent.

Resources for Montana Employees and Employers

Numerous resources assist Montana employees, families and employers in navigating the realm of employee benefits. The Montana Department of Labor and Industry, the Montana Chamber of Commerce, and the Montana Municipal Interlocal Authority provide valuable information and support for both employees, families and employers.

MMIA offers low- or no-cost medical resources to its employees, as well as prescription coverage with savings through domestic and international mail order programs. Montana employers can also assess and compare their company’ financial and quality-of-life benefits in comparison to other companies by utilizing the Mployer Insights report, which can help the company attract new employees and retain existing ones.

Relevant Statistics

  • Montana companies offer an average of 15 paid vacation days per year.
  • Approximately 92% of Montana employees have access to employer-sponsored health insurance.
  • The average annual contribution by Montana employers to a retirement savings plan is $4,500.
  • Over 80% of Montana companies provide dental coverage as part of their employee benefits package.
  • About 70% of Montana employers offer flexible work arrangements, such as remote work or flextime options.

General Facts

  • Montana requires employers to provide workers’ compensation benefits to employees.
  • Most Montana employers offer health insurance coverage as part of their employee benefits packages.
  • Retirement plans, such as 401(k) or pension plans, are common components of employee benefits packages in Montana.
  • Paid time off, including vacation days and sick leave, is typically included in the employee benefits packages offered in Montana.
  • Some Montana employers may also provide additional perks like flexible work hours, tuition assistance, or employee wellness programs as part of their benefits packages.


Employee benefits play a pivotal role in the lives of Montana’s workforce, impacting both employers and employees. By offering competitive benefits packages, employers can attract and retain top talent, fostering a happy, healthy, and productive work environment. With resources such as the Montana Department of Labor and Industry, the Montana Chamber of Commerce, and the Montana Municipal Interlocal Authority, both new employees and employers can navigate the world of employee benefits with ease. Ultimately, investing in the well-being of employees is not only beneficial for the individuals themselves but also contributes to the overall success of Montana businesses.

Frequently Asked Questions

What is a standard benefit packages for employees?

Employee benefits packages typically include medical, dental, and life insurance, along with other perks such as stock options and paid time off. Benefits are an important part of competitive compensation packages, helping employers attract and retain talent, enhance job satisfaction, and foster a positive work environment.

What are the EAP benefits in Montana?

Montana’s Employee Assistance Program (EAP) provides eligible employees with up to three face-to-face counseling sessions for personal or work-related issues, referrals to local mental health providers for on-going counseling, and unlimited telephone access to licensed professional counselors.

What is the average benefits package?

The average monthly cost for employee benefits is roughly $2,000 for civilian and contract workers, $1,800 for private industry, and $3,300 for state and local government.

What types of health insurance options are available to Montana employees?

Montana employees have access to a variety of health insurance plans, including medical, dental, vision, and mental health coverage.

What are the typical components of retirement benefits for employees in Montana?

Employees in Montana typically receive retirement benefits through 401k, IRA, and defined contribution plans with employer matching contributions.

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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