by Wes Monbaron | Apr 21, 2023 | employee benefit plans, employee benefits, group benefits, group health benefits, group health plans, Uncategorized
These days, one of the biggest benefits of full-time employment is eligibility for the employer’s group health insurance plan. And as healthcare reform continues to evolve and affect individuals’ and families’ lives and finances, group health coverage through an employer becomes an increasingly valuable perk.
Having a sizable portion of medical costs paid through an employer’s benefit package can be quite a comfort. After all, it’s no exaggeration to say that with the exception of the highly affluent, an individual without health insurance can be literally just one major injury or illness away from financial ruin.
Here are key employee benefits of employer-sponsored health coverage – and why you should be offering it.
Benefits includes:
- It can reduce absenteeism. A healthy employee is present and more productive. And the more physically sound workers are, the less prone they are to injuries and less likely they are to miss workdays.
- It can be a recruiting tool. Sought-after employees often have the advantage in negotiating job perks and benefits. If a potential employee is deciding between two jobs (or if a current employee is thinking of leaving), benefits like a superior health insurance plan can tip the balance in your favor.
- It can increase retention. Employees are more likely to stay with a company that offers valuable insurance benefits, as they can be far more costly to replace on an individual basis.
- It can boost employee satisfaction. Workers tend to place higher value and feel more favorable about jobs and employers that provide good health benefits.
- It’s convenient. Don’t underestimate this benefit. Spending time and effort looking for private health coverage on healthcare.gov or on a state-sponsored online health exchange can be confusing and stressful. When you offer employer-provided group health insurance, your employee can choose your plan and avoid that search.
- It can save money. Speaking of online health exchanges: While the Affordable Care Act helped reduce medical costs for many Americans, some may actually experience increased costs. By offering your employees group health insurance, you could potentially save them thousands of dollars per year.
Source: The Hartford Insurance Co. Business Owner’s Playbook®
by | Sep 15, 2019 | group health benefits
When your Southington CT company is shopping group health packages for your employees, PBI Insurance has the programs and plans you are looking for. PBI provides Group Health Insurance Plans for businesses in the greater Hartford CT area. Whether you are a large firm or small, we reduce the cost of your group or individual health plans while keeping the benefits you want to offer. Our agents select the most cost effective medical and dental plan for your group. Benefits include group medical, dental, short and long term disability, group life and AD&D, retirement plans, medicare products, individual health and voluntary ancillary products.
In the insurance industry, the Agent you choose is important. When you purchase group health insurance through PBI Insurance, we continue to offer ongoing customer service. Trust that the plan we select for your company is qualified for the Affordable Care Act and Medicare purposes. Rest assured that all of your employees’ medical providers are in your network. The agents at PBI Insurance negotiate great life, disability, dental and vision plans and rates. Call us today to make an appointment with one of our knowledgeable agents at 860-233-1171.
by | Aug 15, 2019 | group health benefits
Connecticut Employee Benefits.
PBI Insurance provides employee plans for small business in the greater Hartford CT area. As small business group benefits specialists, we offer a full range of plans. Our staff provides personalized service to businesses all over the state. Whether you have 50 employees or 5,000, the expert staff at PBI work with you to select an appropriate benefits plan. We stay with you to adjust your employee packages as your business grows. We offer the best terms and rates for group and individual medical and dental, short and long-term disability, group life and AD&D, retirement plans, and medicare products.
In addition to our excellent employee plans, we assist clients with value-added services including:
• Rectifying Claims Disputes
• Reconciling Billing Problems
• Conducting Enrollment Meetings
• Processing Enrollments/Terminations
• Updates on Industry Changes
• Premium Contribution Strategies
When you partner with PBI for your employee benefits you have friendly knowledgeable experts on your team. Having PBI Insurance on board will ensure that all of your benefits packages are being managed expertly. We take care of your employees, so that you can focus on success. For your convenience, we have offices in Hamden and West Hartford CT. Please call PBI Insurance for more employee benefit information. West Hartford: 860-233-1171 and Hamden: 203-230-0548.
by | Dec 15, 2018 | group health benefits
When your company is shopping for group health benefits for your employees, PBI Insurance has the programs and packages you are looking for. PBI provides Group Health Insurance Plans for businesses in the greater Hartford CT area. Whether you are a large firm or small, we reduce the cost of your group or individual health plans while keeping the benefits you want to offer. Our agents select the most cost effective medical and dental plan for your group. Benefits include group medical, dental, short and long term disability, group life and AD&D, retirement plans, medicare products, individual health and voluntary ancillary products.
In the insurance industry, the Agent you choose is important. When you purchase group health insurance through PBI Insurance, we continue to offer ongoing customer service. Trust that the plan we select for your company is qualified for the Affordable Care Act and Medicare purposes. Rest assured that all of your employees’ medical providers are in your network. The agents at PBI Insurance negotiate great life, disability, dental and vision plans and rates. Call us today to make an appointment with one of our knowledgeable agents at 860-233-1171.
by JT Gutcheon | Aug 6, 2017 | group health benefits
EMPLOYEE BENEFITS – GROUP HEALTH PLANS
If you are a Connecticut company in greater Hartford seeking out the most cost-effective employee benefits package, call the experts at PBI Insurance. You can spend days shopping around on your own or request a consultation with the experienced staff at PBI. Our learned staff will work with you to select the coverage you want to offer in your company benefits package. We are conveniently located in West Hartford.
PBI offers a full range of employee benefit plans which include Group Medical and Dental, Short Term/Long Term Disability, Group Life and AD&D, Retirement Plans, Voluntary Ancillary Products, Individual Health and Medicare Products. PBI Insurance has two offices in Connecticut serving greater New Haven and greater Hartford Connecticut. In terms of friendliness and competence, PBI is your best choice for finding health insurance plans. Our expertise and how we approach working with clients is second to none, and we are known across the state for our outstanding reputation. We are happy to work with clients face to face or over the phone to help find the best health insurance for their needs and budget.
The benefits you offer shows your workforce how they are valued by their employer. What does the benefits package you offer your employees say about your company? When an employee knows what your company stands for, he will know right away if he will engage with the company and stay longer. Benefits and perks tell your employees what you value, what your company believes in, and that your employees are valued.
by JT Gutcheon | May 28, 2017 | employee benefits, group benefits, group health benefits
GROUP HEALTH – EMPLOYEE BENEFITS – MEDICARE SUPPLEMENTAL INSURANCE
PBI Insurance offers Group Health Insurance and Employee Benefits for employers in Hartford County CT. If you are an employer in Connecticut we can show you ways to reduce the cost of your benefits packages. Everyone is talking about the impending Affordable Care Act replacement – more questions arise with its replacement by the American Health Act.
Could he GOP plan to repeal and replace ObamaCare remove protections for people who get health insurance through their employers? The new MacArthur Amendment may have effects that cross state lines. This amendment would allow states to waive certain insurance market regulations introduced by the ACA. The ACA’s protection for ‘essential health benefits’, ban on annual and lifetime limits, and to cap out-of-pocket spending may go out the window when allowed to apply any state’s definition of essential health benefits.
Similarly, the ACA only requires that plans cap enrollees’ annual out-of-pocket spending on care that is considered essential health benefits. Large employers would be able to impose lifetime limits on healthcare costs and eliminate out of pocket caps. Under current law, allowing large employer plans this type of flexibility has limited impact since all states’ essential health benefit definitions are required to meet basic federal standards. But if each state could set its own definition of essential health benefits, as states would be allowed to do under the MacArthur Amendment, the consequences of allowing this flexibility would be significant.
So with talk of health care reform, how are Employer Benefits packages going to be affected? For this and other questions pertaining to your obligations as an employer, call PBI Insurance today at 860-233-1171. We will unravel the confusion you may have about employee group benefits, health care coverage, and your costs.
