OUR APPROACH TO GROUP BENEFITS
Providing customized group insurance solutions to small and large businesses is one of our specialities. While other brokers simply talk about customer service, we deliver. For example, we offer our clients a wide range of specialized services, including:
- Customized benefit packages that balance employer and employee needs
- Online Benefits Administration and Enrollment platforms for paperless administation
- Regular legislative updates and News Alerts keep you compliant with changing laws
- Single point of contact is your agent, not administrative only employee
- New hire benefit orientations via online webinars
- COBRA benefits outsourcing
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What is Group Coverage?
Group health insurance coverage is a policy that is purchased by an employer and is offered to eligible employees of the company (and often to the employees' family members) as a benefit of working for that company. A group health insurance plan is a key component of many employee benefits packages that employers provide for employees. The majority of Americans have group health insurance coverage through their employer or the employer of a family member.
One of the advantages for employees in a group health plan is the contribution most employers make toward the cost of the health coverage premium – in many cases, employers pay one-half or more of the monthly premium for an employee. Another advantage is that most employers have established Premium Only Plans (often called POP plans or Section 125 plans) that allow employees to pay any employee-required contributions to premiums on a pre-tax basis. Between the employer contributions, which aren’t taxable for employees, and the POP plan, employer-provided health insurance is significantly subsidized due to these tax breaks.
With the implementation of the Affordable Care Act (ACA), the federal government also regulates insurance. This is particularly true for individuals purchasing coverage on their own as well as for smaller employers with 50 or fewer employees.
Call us today at (818) 783-6030 for a free benefits analysis for your company.
We work with the best in the industry, including: