Helping Small Businesses Navigate the Complex Health Insurance Process
WE SPECIALIZE IN MAKING THE PROCESS SIMPLE AND STRAIGHTFORWARD FOR YOU.
Whether you have 2 employees or 50, running a small business is tough enough without having to worry about healthcare coverage. We specialize in helping small businesses find comprehensive, affordable health insurance and benefits plans that fit their unique needs. Whether you have just a few employees or a growing team, we’ll work with you to find the right coverage, balancing cost and benefits to protect what matters most—your people. Let us take care of your insurance needs, so you can focus on growing your business.
SMALL BUSINESS HEALTH INSURANCE & BENEFITS OFFERINGS:
Fully Insured Medical
Level-Funded Medical
Long Term & Short Term Disability
Accident, Hospital & Cancer Plans
Dental & Vision
Life Insurance
Voluntary Benefits
Limited Medical & MEC
Health Insurance & Life Insurance Solutions
As a full service health and life insurance agency, with years of experience, we are equipped to handle the needs of our clients, no matter the situation.
Small Business Health Insurance Options
Small businesses can access group health insurance plans, often at lower rates than individual plans. Options include preferred provider organizations (PPOs), health maintenance organizations (HMOs), and high-deductible health plans (HDHPs). Whether you have 2 employees or over 50 employees, our small business agents can work with you to explore your options.
FUN FACT:
Often husband and wife teams can qualify for group health insurance, which may provide better coverage, access to PPO plans and lower premiums than individual plans. In some states, businesses with just two employees (like a married couple) are eligible for these plans.
Affordable Care Act (ACA) Requirements
IS YOUR COMPANY ACA COMPLIANT?
Our full-service health insurance agency is here to help your business navigate ACA compliance with ease. We’ll make sure you understand the requirements and stay on track, so you can focus on what you do best—running your business.
FUN FACT:
Did you know that businesses with fewer than 50 full-time employees aren’t required to offer health insurance under the ACA? However, offering coverage can boost employee retention and satisfaction—an investment in your team’s well-being that pays off!
Speak to one of our knowledgeable agents if you need assistance with compliance.
Employee Contribution Flexibility
YOU CAN CHOOSE HOW MUCH OF THE HEALTH INSURANCE PREMIUM YOUR BUSINESS WILL COVER, AND EMPLOYEES CAN PAY THE REST
It’s helpful for small businesses to have the flexibility to choose how much of the health insurance premium they will cover because it allows them to balance offering competitive benefits with managing costs. By sharing the premium with employees, businesses can offer health insurance without straining their budget, making it more affordable to provide coverage. Employees benefit from having access to group insurance, which typically has lower rates than individual plans. This flexibility also allows businesses to adjust their contributions as their financial situation evolves, while still offering valuable health benefits to their team.
Level-Funded Health Insurance vs. Fully Insured Medical Coverage
WHICH IS BEST FOR YOUR COMPANY?
Level-funded health insurance is a hybrid between self-insured and fully insured plans, where a business pays a set monthly amount to cover claims, administrative fees, and stop-loss insurance (which protects against high-cost claims). If claims are lower than expected, the company may receive a refund at the end of the year.
In contrast, fully insured medical coverage involves a business paying a fixed premium to an insurance company, which assumes all the risk and handles claims. With fully insured plans, there’s no chance for refunds, but the business has predictable costs and less financial risk.
High-Deductible Health Plans (HDHP) and Health Savings Accounts (HSAs)
HDHP stands for High-Deductible Health Plan. It’s a type of health insurance plan with lower premiums and a higher deductible, meaning employees pay more out-of-pocket costs for medical expenses before the insurance kicks in. HDHPs are often paired with Health Savings Accounts (HSAs) to help individuals save money tax-free for healthcare expenses.
Health Savings Accounts (HSAs) are beneficial to employees because they provide a triple tax advantage: contributions are made pre-tax, the funds grow tax-free, and withdrawals for qualified medical expenses are also tax-free. This allows employees to save money on healthcare costs while reducing their taxable income. HSA funds roll over year to year, meaning employees don’t lose any unused savings, which makes them ideal for both current and future medical expenses. Additionally, many HSAs offer investment opportunities, enabling employees to grow their savings over time, making it a valuable tool for long-term healthcare planning.
Overall, the right choice depends on budget, coverage needs, and tax benefits. Our health insurance agents can help find the best fit for your unique situation.
Dental & Vision Insurance
SHOW THAT YOU VALUE YOUR EMPLOYEES’ WELL BEING WITH DENTAL & VISION
Your company should consider offering dental and vision insurance to your employees because these benefits contribute to overall employee health, satisfaction, and retention. Dental and vision care are essential for preventing long-term health issues, such as gum disease or vision problems, which can affect productivity if left untreated.
Offering these coverages can improve morale and loyalty. Additionally, offering comprehensive benefits like dental and vision makes a company more competitive when attracting top talent, helping to reduce turnover and improve employee satisfaction.
Accident, Hospital, and Cancer Plans
OFFER YOUR EMPLOYEES ADDITONAL FINANCIAL PROTECTION IN CASE OF UNEXPECTED EVENTS
Supplemental insurance plans offer additional financial protection in case of events like accidents, hospitalizations, or a serious illness like cancer. They help cover out-of-pocket expenses that traditional health insurance may not fully address, such as deductibles, co-pays, and non-medical costs (like transportation or childcare). This added coverage reduces the financial stress on employees, allowing them to focus on recovery rather than worrying about bills.
Life Insurance is a Valuable Employee Benefit
PROTECT YOUR TEAM’S FUTURE AND THEIR FAMILIES
Group life insurance through a job is often more affordable than individual policies, with some employers even covering the premiums. It ensures that employees' families are financially protected in the event of the employee’s passing, helping cover expenses like funeral costs, outstanding debts, or future needs like education. Offering life insurance as a benefit also adds value to the employee's compensation package, contributing to job satisfaction and retention.
How can we help?
NEED HELP WITH YOUR COMPANY’S HEALTH INSURANCE? FILL OUT THE FORM AND A MEMBER OF OUR TEAM WILL GLADLY ASSIST YOU.