CORPORATE and EMPLOYERS SPONSORED BENEFITS

Group Health, Dental and Vision Insurance

Group Life and Disability Insurance

Cafeteria Plans (Sec. 125)

COBRA/ HIPAA/ Human Resource Services

Group Long term Care Insurance Plans

Group Health, Dental and Vision Insurance

Group benefits can be offered to companies with a minimum of two employees and/or owners. We have the experience and carriers to assist you in finding the most suitable benefits to meet your objectives.

Group Life and Disability insurance

Group Life and Disability Insurance can provide employers, employees, and their dependents with peace of mind. This can be done by providing employee benefits at competitive prices with the flexibility to accommodate a wide variety of needs.

Cafeteria Plans (Sec. 125)

A Cafeteria Plan is a type of employer benefit offered pursuant to Section 125 of the Internal Revenue Code. These are also known as Flexible Spending Accounts (FSA).

This is a benefit provided by your employer which allows you to contribute a certain amount of your gross income to a designed account before taxes are calculated. These accounts are for insurance premiums, medical expenses and dependent care not covered by your insurance, from which you can be reimbursed throughout the plan year or claim period as you incur the expenses. A  Cafeteria Plan allows you to reduce your gross amount you pay in Federal Social Security and some state taxes.

COBRA/ HIPAA/ Human Resource Services

The Consolidated Omnibus- Budget Reconciliation Act (COBRA) gives workers and their families who lose health benefits the right to choose to continue group health benefits provided by their group health plan for a limited time under a certain circumstances, such as voluntary or involuntary job loss, reduction in hours worked, death, divorce, and other life events. Qualified individuals may be required to pay the entire premiums up to 102 percent of the cost of the plan.

HIPAA

The Health Insurance Portability and Accountability Act (HIPAA) is a federal law that:

• Limits the ability of a new employee plan to exclude coverage for pre-existing conditions.
• Provides additional opportunities to enroll in a group health plan if you lose other coverage or experience certain life events.
• Prohibits discrimination against employees and their dependents based on any health factors they may have, including prior medical conditions, claims experience, and genetic information.
• Guarantees that certain individuals will have access to and can renew individual health insurance policies.

Human Resource Services

We can direct you to well qualified companies that specialize in providing you with COBRA administration and consulting support for your human resource needs.

Group Long term Care Insurance Plans

Long-Term Care insurance has become a frequently requested employee benefit due to the awareness that over 40% of people receiving long-term care are actually under the age of 65.

This employee benefit can help retain and attract valuable employees. Productivity and minimize absenteeism are improved for employees who are caregivers. In addition, there are potential tax advantages to Long-Term Care.

When Long-Term Care is offered as part of a benefit package, you are assuring employees that they have security to protect their savings, relieving family members from the burden of care giving, and giving them the ability to choose where they receive care.