EMPLOYEE BENEFITS INSURANCE: MEDICAL, DENTAL & MORE

We understand the link between employee wellness and organizational growth. We also know how important delivering the ideal compensation package is to attracting top talent and retaining your best workers.

Currently, premiums paid by employers are deductible as a business expense and are excluded from most workers’ taxable income. We can help you control your employee benefit costs, and attract and retain employees by determining whether a commercial insurance plan, a partially-funded or self-insured plan, or a Multiple Employer Welfare Arrangement is best for you.

Partnering with us also means working with a dedicated team of insurance experts who collaborate with you to design and implement a comprehensive wellness strategy that supports growth. 

Schedule a consultation to discover the difference the right insurance partner can make for your business.

WHAT IS A COMMERCIAL HEALTH INSURANCE PLAN?

Think of this as a traditional health policy like medical and dental insurance. Employers pay premiums to the insurance carrier or broker, who then provides coverage for eligible employees and their dependents. These plans often have defined rules explained by one of our agents, including: 

• The benefits
• Deductible
• Copayments 
• Coverage limit
• And other curated needs

Remember, collaborating with a professional insurance agent is the easiest way to establish a competitive compensation package at the best price with the benefits your employees want.

THE PROS OF A COMMERCIAL HEALTH INSURANCE PLAN:

• More tax advantages for employers
• More flexible healthcare choices 
• More access to continuity of care and wellness programs
• More financial protection

WHAT IS A PARTIALLY FUNDED OR SELF-INSURED PLAN?

In a partially funded or self-insured plan, the employer takes on a portion or all of the financial risk when providing employees health benefits. Instead of paying premiums to an insurance company, the business sets aside funds to cover claims and administers the plan themselves or through a Third-Party Administrator (TPA). 

THE PROS PARTIALLY-FUNDED OR SELF-INSURED PLAN: 

• More organizational flexibility when designing benefits 
• More transparency around claims
• More customizations that may lead to cost savings

WHAT IS A MULTIPLE EMPLOYER WELFARE ARRANGEMENT (MEWA) PLAN?

A MEWA is an employee benefit plan that allows small employers to pool their resources to purchase health insurance as a larger group. By joining a MEWA, small businesses can leverage their combined purchasing power to access more affordable and comprehensive health coverage options. 

THE PROS OF A MULTIPLE EMPLOYER WELFARE ARRANGEMENT (MEWA) PLAN: 

• Cost savings based on combined purchasing power
• Opportunities for expanded coverage
• More predictable coverage
• Ability to curate coverage based on specific needs and budgets

SCHEDULE A COMPLIMENTARY CONSULTATION TODAY

The path to a healthier, more engaged workforce begins with investing in comprehensive employee health benefits. Our dedicated team of experts is ready to collaborate with you to design custom benefits solutions that drive productivity, loyalty, and growth within your organization.  

We invite you to schedule a consultation with one of our insurance experts to discuss your options or call us directly at (800) 735-8325.