FREQUENTLY ASKED QUESTIONS ABOUT THE TRANSCEND BENEFIT PLAN

The Transcend Benefit Plan is an innovative program designed to allow employees to benefit from tax savings and restructure their health insurance benefits to reduce or even eliminate their out-of-pocket expenses. The Plan provides allowances for deductibles, co-insurance, co-pays, dependent care and other out-of-pocket expenses. By allowing higher contributions than typical FSA and HSA plans, The Plan provides greater savings. The Benefit Allowance created by these savings can be used to purchase supplemental insurance to cover these out-of-pocket expenses, replaces lost wages and pays other expenses not covered by your major-medical plan. All this can all be accomplished without negatively affecting your net take home pay.

Superior Benefits Group is an exclusive marketer and distributor of the Transcend Benefit Plan.

The Transcend Benefit Plan is offered in all 50 states.

The Transcend Benefit Plan has been in existence since 2009 and has 1000’s of clients nationwide.  However, Superior Benefits Group only started marketing the program on a national level, outside of Texas, in 2016 which explains why most companies are not aware of the Transcend Benefit Plan.

Companies enjoying the benefits of the Transcend Plan range in size from 5 full time employees to more than 1000 full time employees in all industry sectors, including manufacturing, construction, legal, accounting and other professional service firms.

Transcend Benefits in Houston, Tx is the Plan Administrator.  They are responsible for record keeping, accounting and making sure the Plan is compliant with all federal codes and regulations.

Studies have consistently shown that over 60% of employees will choose better benefits over increased financial compensation.

By offering the Transcend Benefits Plan, companies can give great supplemental benefits to their employees with no out of pocket cost while also reducing their annual payroll taxes.  A true win-win for both employees and employers!

The Program truly lowers your taxable income, so you owe less in taxes. This could actually put you in a better tax situation. Plus, there are no additional forms to fill out come tax time.

The average employee participation in The Advantage Plan is 85%. For every participant, employers save between $350-$700 on payroll or FICA taxes every year. The savings are immediate and predictable, enhancing your company’s bottom line.

These supplemental policies are portable, so the employee will have the ability to take them with them if they leave the company. However, the benefits of the Transcend Benefit Plan are only available with a participating company.

Transcend Benefits works with all top-rated, national insurance carriers.

With this program, there is no need to change your existing offering. We make enrollment easy and work with your current programs.

All policies can be modified to cover spouses and/or eligible dependents.

No. The main role of your HR will be to simply notify us of new employees that want to participate in the plan and of terminated employees to be removed.

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