We have creative solutions to save money for group insurance offered through your business
Traditional Group Plans are compliant with the Affordable Care Act and therefore cover all past and present medical issues. Since these plans are very costly, we only recommend these plans when a cost-saving alternative cannot be provided. In many cases, we can find an alternative option that will save the company tons of money while still providing employees with excellent health insurance.
Group health insurance plans are tax deductible, and the employee’s premium payments can be made pre-tax. Under the Affordable Care Act, businesses with 50 or more employees must provide health insurance or an alternative. In most states, a minimum employee participation rate of 70% is required.
There are lots of factors that determine whether group insurance is the best option for your company, and sometimes there are creative solutions such as Level Funded Plans or Farm Bureau Plans. In many cases, we can work out a solution where everyone purchases a different kind of individual plan, and the employer can still help to subsidize the insurance.
One of the creative solutions we offer is known as an ICHRA. An ICHRA is a special kind of HRA that allows you to pay your employee’s pre-tax dollars to purchase their own individual plans. In addition to traditional insurance, we also offer off-exchange plans, which can also save your employees tens of thousands of dollars off the cost of their monthly payments. Insurance Depot has personable group health plan assistance that works for you!
For group health solutions, we offer the following:
We have creative solutions to save money for group insurance offered through your business
Traditional Group Plans are compliant with the Affordable Care Act and therefore cover all past and present medical issues. Since these plans are very costly, we only recommend these plans when a cost-saving alternative cannot be provided. In many cases, we can find an alternative option that will save the company tons of money while still providing employees with excellent health insurance.
Group health insurance plans are tax deductible, and the employee’s premium payments can be made pre-tax. Under the Affordable Care Act, businesses with 50 or more employees must provide health insurance or an alternative. In most states, a minimum employee participation rate of 70% is required.
There are lots of factors that determine whether group insurance is the best option for your company, and sometimes there are creative solutions such as Level Funded Plans or Farm Bureau Plans. In many cases, we can work out a solution where everyone purchases a different kind of individual plan, and the employer can still help to subsidize the insurance.
One of the creative solutions we offer is known as an ICHRA. An ICHRA is a special kind of HRA that allows you to pay your employee’s pre-tax dollars to purchase their own individual plans. In addition to traditional insurance, we also offer off-exchange plans, which can also save your employees tens of thousands of dollars off the cost of their monthly payments. Insurance Depot has personable group health plan assistance that works for you!
For group health solutions, we offer the following:
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