A Competitive Advantage
Business owners know that the ability to offer employees quality health insurance is a competitive advantage in the labor market. Our expertise gives business owners financial control of their business while allowing employees to choose from a wide range of affordable plans.
We work with business owners to offer both employer-paid and voluntary ancillary benefits that contribute to the well-being of the employee and their dependents.
Crafted Benefit Plans
The need of each business owner is different. We craft benefit plans based on the individual employer’s vision for their business.
When's the last time you've heard from your broker?
The insurance landscape is constantly changing and in order to keep up with those changes you need someone who will look at your plans on a regular basis and come up with adjustments and modifications that benefit you the most.
Employee Benefit Plans
A broad selection of insurance protection plans available to employees through their employers.
Frequently Asked Questions
Are employers required to provide insurance to their employees?
The new health care law, The Affordable Care Act, does not require small employers to offer health care coverage. Employers with 1-50 eligible employees will not be subject to penalties for not providing health coverage. However, there are many advantages to the employer. These include: Employee Loyalty & Retention, Productivity, Tax Advantages, Budget Control, and Aggregate Billing.
What is an eligible employee?
An eligible employee works an average of 30 hours per week based on a month of work. You may decide to offer coverage to part-time employees who work between 20 and 29 hours per week. Ask your Certified Insurance Agent for a complete list of eligibility guidelines.
What happens if I do not cover my employees?
Businesses with 50 or fewer eligible employees are not subject to penalties if they do not provide health coverage to their employees. Businesses with greater than 50 eligible employees are not subject to tax penalties for the 2015 tax year. Penalties will go into effect in 2016.
How much does health insurance cost the small business owner?
The employer cost of offering health insurance depends on several choices the employer will make. These include:
- The level of coverage – bronze (60%), silver (70%), gold (80%), or platinum (90%) -offered to the employees. This is known as the “tier” or “metal tier”.
- The “Anchor Plan” or sometimes referred to the “Benchmark Plan” the employer chooses to base their contribution on. Employers will choose a specific plan within their chosen metal tier to tie their contributions to.
- The percent of premium the employer chooses to contribute to employee premium costs as a percent of the cost of the anchor plan.
- The amount the employer chooses to contribute to dependent coverage (if offered).
How much is a small business owner required to contribute to employee premiums?
50% of the employee premium only. The employer is not required to contribute to dependent coverage.
Are employers able to have different contribution levels within their selected metal tier based on employee classification? In other words, can an owner pay 100% for owners and management and 60% for all other employees?