Services > Additional

As employee benefit specialists, Midwest Pension Actuaries, Inc. also provides additional benefit services. These include:

Cafeteria/Section 125 Plans

These plans allow for Premium Only or Flexible Spending Accounts that make it possible for employees to pay certain insurance premiums and medical expenses including co-pays, deductibles, and even over the counter medications to be paid for with tax-free dollars.

COBRA Administration

Consolidated Omnibus Budget Reconciliation Act. A COBRA health plan states that if you leave your job for any reason and were an active participant in the company's health plan prior to your departure date, you have the right, if you wish, to continue the health insurance coverage you and your family received, for 18 months.

IRA Planning and Management

As retirement specialists, it is a natural transition to assist in all aspects of retirement planning including Individual Retirement Accounts. We can help you plan your retirement and help you manage your retirement. Retirement planning doesn’t stop once you retire, it continues throughout your retirement years.

Life Insurance

The goal of life insurance is to provide a measure of financial security for your family after you die. So, before purchasing a life insurance policy, you should consider your financial situation and the standard of living you want to maintain for your dependents or survivors. For example, who will be responsible for your funeral costs and final medical bills? Would your family have to relocate? Will there be adequate funds for future or ongoing expenses such as daycare, mortgage payments and college? It is prudent to re-evaluate your life insurance policies annually or when you experience a major life event like marriage, divorce, the birth or adoption of a child, or purchase of a major item such as a house or business.

Annuities

A series of fixed payments paid at regular intervals over the specified period of the annuity. The fixed payments are received after a period of investments that are made into the annuity.

Group Health Benefits, Dental & Vision

An important aspect of employee benefits is Medical Insurance. We can help you shop for the best program for your company.

Tax Planning and Preparation

Tax Planning and Preparation.

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Midwest Pension Actuaries, Inc. | 30680 Twelve Mile Road - Farmington Hills, MI 48334-3803 | 248-539-5000
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