Dental & Vision
Low Cost High Value Benefits
Life Insurance
Affordable Group & Voluntary Options
Disability Insurance
Low Cost Paycheck Insurance
Helping families and businesses for over 35 years
In a traditional fully insured plan an employer pays a premium to the insurance company and the insurance company uses those premiums to pay for employees medical expenses and is risk for claims costs. There is no risk in a fully insured plan because the insurance company has assumed the risk in exchange for the premium. However, no refund is given for premium that is not used.
A buy down plan is when an employer purchases a high-deductible health insurance plan and then supplements that plan to ultimately provide employees with a lower deductible. Once an employee meets the lower deductible set by the Buy-Down Plan, the employer provides the benefit directly to the employee until the high deductible plan begins. The cost difference between high and low deductible plans can be substantial making a buy down plan a low-risk option for most companies.
With a self-funded health plan, you pay for your employees’ claims with your own funds. In most self-funded plans you contract with a third party to administer the plan. Since you assume the risk in a self-funded plan the employer also purchases stop-loss Insurance to limit the financial risk. If the group has a low chain year the savings can be substantial. Level funding is another option that gives employers the benefits of self-funding while providing better control of risk.
Low Cost High Value Benefits
Affordable Group & Voluntary Options
Low Cost Paycheck Insurance
As an important part of staying compliant with Healthcare reform and
federal labor laws, you must give your employees access to important information. We create a company webpage with important information about their current benefits, forms, provider directories and ERISA required
Get Important Benefit Information to your Employees
Custom Benefit Information Makes Understanding Easy
Online Enrollment Makes Onboarding Quick & Simple
Always Compliant with ERISA Required Notices & Documents Posted Online
Attract Employees with a Great Looking & Easy to use Benefits System
We have partnered with HR360 to provide our clients with a new, award-winning online library that delivers comprehensive, easy-to-navigate human resources and benefits news, content, tools and forms to companies nationwide.
Our online HR library also features dynamic interactive HR tools such as a job description builder and a salary benchmarking tool. You’ll also find easy, step-by-step guidance on how to comply with major laws including Health Care reform, COBRA and FMLA as well as key HR functions such as hiring and terminating employees. Whether you have five employees or 500 — our comprehensive, easy-to-use site makes it easy to stay compliant.
– Interactive compliance guides that provide step-by-step direction on how to
properly conduct performance reviews, interview, hire and terminate employees
– A Benefits Compliance Calendar
– Step-by-step interactive guide for implementing COBRA and FMLA
– Fast, efficient online HR tools for developing job descriptions and salary
benchmarking
– Over 700 downloadable forms, posters and model notices
To get access to our HR Library, contact Matthew Semons at 208.238.1171
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