Frequently Asked Questions
What is the vision of the CLSA Benefits Advantage Trust?
Built by life sciences companies, for life science companies.
What is the CLSA Benefits Advantage Trust and why is it unique?
The California Life Sciences Association Benefits Advantage Trust offers traditional employee benefit plans that match your compensation philosophy, your budget and the strategic needs of your business. The CLSA Benefits Advantage Trust is formed by small, mid-sized and large California life science companies who want a unique, custom employee benefits solution that gives the employer control and flexibility.
CLSA has developed a customized menu of group health benefit plan offerings which include medical, dental, vision, disability, life/AD&D, flexible spending accounts, worksite products and COBRA administration. This bundled set of services is administered by HUB International and results in one monthly consolidated bill for plan members.
With several medical plan options, our members have access to a range of exclusive benefits that help attract and retain their most importance asset, their employees.
Who is the target customer of the CLSA Benefits Advantage Trust?
The CLSA Benefits Advantage Trust has been designed to meet the needs and wants of all California Life Science employers within a specific SIC code, which includes California-based life science companies, medical device, biotech, diagnostics, research and development, and pharmaceutical industries (with 2 – 500 employees).
What are the value- added features of the CLSA Benefits Advantage Trust?
- Exclusive rates and guarantee issue levels
- Online enrollment and administration portal
- Free COBRA administration
- Dedicated Customer Service team
- Dedicated toll-free member benefit service center
- Personalized employee communications
- ACA compliance
- Access to compliance experts and ERISA attorneys
- Access to ThinkHR, Expert HR advice
What are the membership dues for the CLSA Benefits Advantage Trust?
Can I pick specific insurance products within the CLSA Benefits Advantage Trust?
If employers purchase medical insurance they will have the option of picking from other employee benefit plans like vision, dental, life/AD&D, short- and long-term disability, Employee Assistance program, flexible spending accounts, and worksite products.
Why should my life science company become a Trust member?
- Composite rates for employers of all sizes
- One service team contact for all plans within the CLSA trust
- Consolidated billing
- Online enrollment and administration
- Free COBRA administration
Is this program specifically open to CLSA member companies?
No, you do not have to have current membership to request a quote and/or additional information regarding the Trust. Should your company decide to move forward, under the CLSA Benefits Advantage Trust, you can apply for the membership at that time.