Employee Benefits
When we started in the insurance industry over 15 years ago our focus was on employee benefits and group health plans. Today, although we have diversified into other areas of health insurance, we remain committed to the group insurance market and are experts in the various products available.
We can help your business save a significant amount of money by looking at all of the various options available such as HSA plans, HRA arrangements, Gap plans, dual option, partially self-funded plans, complete self-insured plans or simple fully-funded plans.
We can offer advice on contribution strategy, handle the enrollment from start to finish and make ourselves available to your employees throughout the year for any questions, concerns or claim issues.
Our goal is find the most cost-effective benefits for both the employer and the employees with the least amount of disruption as possible.
Let us put together a free, no-obligation analysis of your employee benefits package today!
Small Group Health Insurance
Small group health insurance plans are available to groups with a minimum of 2 fulltime employees or business owners. A minimum of 2 employees must enroll to be eligible except in certain situations. Health insurance carriers require 75% of all eligible employees to enroll. If an employee already has group health insurance through their spouse, is on Medicare then that employee can be waived without affecting the group participation requirement.
Businesses who wish to only offer group health insurance coverage to a select group of employees may be eligible for a management carve out plan. A management carve out is designed to insure managers only. A minimum of 2 managers must enroll to be eligible. In addition to management carve out, we can also provide class carve out, salary versus hourly carve out, and location carve out programs. We can provide group carve out strategies down to two employees with guarantee issue coverage.
We work with the following business arrangements:
- Sole Proprietor with DE-6 Payroll
- Sole Proprietor without DE-6 Payroll
- Partnerships and LLPs
- Corporations and LLCs
- Employers with 1099 Contract Employees
- Employers with Seasonal Employees
The advantage of a having a small group health plan is that it is guaranteed issue to all members of the group regardless of their current health status. Also, employers and employees have the benefit of paying for their health insurance with pre-tax dollars to help reduce their amount of taxable income.