American Fidelity provides comprehensive supplemental benefits solutions to teachers, public sector employees and non-profit organizations. Our benefits strategies can help maximize the return on their retirement savings.
Save on eligible expenses with your flexible spending account, day care account or healthcare spending account (HSA). Simply pay expenses using your benefit card and submit documentation through AFmobile(r). View policy details by logging into your online account.
Healthcare
Healthcare is an unusual field in that its schedule often varies and career opportunities often differ significantly. Given this uniqueness, companies should provide benefits tailored to support all employees working within them.
American Fidelity recognizes this need and offers an array of supplemental benefits designed to make employees feel secure and protected, including accident and disability income protection products which can either stand-in as stand-alone benefits or form part of an overall benefit strategy.
Their services also include medical stop loss insurance for self-funded employers that allows them to pay claims directly. This helps minimize out-of-pocket expenses and administrative costs while giving peace of mind for both them and their employees.
Fidelity Health has made a commitment to help millions of people navigate the complex health care landscape with ease, by eliminating friction around savings and spending for health expenses, creating confidence among plan sponsors and consumers alike. Their services include health savings accounts (HSAs), reimbursement accounts such as FSAs (Health Spending Accounts), health and welfare administrative services, Medicare services, voluntary benefits plans and much more.
American Fidelity General Agency works with many dependable carriers to expand the selection of core benefits they can offer their customers, so that annual enrollment goes smoothly and competitive rates can be found easily. If you want more information about what American Fidelity General Agency can do for you, reach out to one of their account managers now.
Education
American Fidelity’s Education Division excels in working with teachers, school administrators and human resource professionals in this sector. Their experienced team understands the unique challenges associated with this industry – such as turnover rates, annual budget cuts and limited funds available.
They provide unique benefits strategies that meet these needs with products like Group Life and Health Insurance, Annuities and Retirement Solutions. Furthermore, they can offer voluntary benefits like Section 125 Plans (Flexible Spending and Day Care Accounts), which enable employees to cover “out of pocket” medical, dental and vision expenses, dependent day care costs through payroll deductions while simultaneously lowering gross taxable income taxation rates. They can even assist in wage replacement protection through Disability Insurance policies.
They partner with schools through the STEM (science, technology, engineering and math) Teacher Fellowship program where teachers intern in either software development, data or IT security areas of AF for two years to gain an insider perspective on current technology trends that they can pass onto their students.
Non-profits
American Fidelity organizes worksite giving campaigns every spring and fall in support of Allied Arts and United Way, with employees contributing through individual charitable accounts.
One of the most effective and popular giving methods is through donor-advised funds (DAF). Donors receive tax deductions on upfront contributions, then can decide later how best to distribute it between charities. Fidelity has popularized DAFs; their average account now holds over $24,000 according to them.
Fidelity’s annual Giving Report highlights the most popular beneficiaries of DAF gifts; Doctors Without Borders led this list in 2021, followed by St. Jude Children’s Research Hospital and American National Red Cross. However, that only tells part of the story; money routinely passes back and forth between major DAF sponsors like Goldman Sachs Philanthropic Fund, Schwab Charitable Foundation and others that sponsor DAFs; Fidelity contributed about $1.4 billion between July 2016 and June 2021 – while receiving almost equal sum from these sponsors in return – with Fidelity being responsible for just under half that total amount in their tax returns review by Bloomberg review of tax returns from these sponsors- revealing much more of this picture.
DAFs also generate profits by placing donated money in low-cost Fidelity investment pools and charging donors management services fees for management services. Emily and Malcolm Fairbairn of Multi Millionaires Emily and Malcolm Fairbairn have filed suit alleging they were misled as to the nature of their account, though this case remains open.
Public Sector
American Fidelity works closely with government agencies, including local governments and school districts, providing lifestyle protection products such as disability and life insurance as supplemental benefits, financial wellness solutions and retirement services to assist employees save for their futures, as well as group life/health/tax-deferred annuities.
At a time when higher-deductible healthcare plans are becoming more popular, providing additional benefits is becoming ever more essential. Supplementary benefits can help employees manage out-of-pocket expenses more affordably while potentially saving money overall. Offering such additional benefits also empowers employees to make informed decisions regarding their healthcare coverage which in turn increases employee satisfaction and engagement.
Compliance is of utmost importance in any organization, and having an expert partner to assist can ensure organizations remain compliant with benefits regulations such as Section 125 plans and the Affordable Care Act. Because regulations such as this change frequently, having someone guide through your options efficiently will save both time and ensure compliance.
At American Fidelity, giving back to the community is an integral value of employee life. Their employees actively support Allied Arts, United Way and Regional Food Bank of Oklahoma while being encouraged to volunteer through 20 hours of paid time per year for this purpose. Furthermore, American Fidelity’s business model embodies sustainability, as evidenced by their selection as one of Ward Group’s Top 50 Life & Health Insurers due to passing safety & consistency tests as well as superior performance over five-years period.
