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 | Jul 15, 2019 | employee benefit plans, group health plans
PBI Insurance specializes in employee group insurance plans for small businesses in the New Haven CT area. As a full-service employee benefits consulting and brokerage firm, we currently service clients locally and nationwide. Our experience and knowledge contributes to our success with fully insured and self-funded insurance. We understand the time and attention each client deserves and work to clarify new compliance requirements, benefits planning and other topics that may seem confusing or overwhelming. We believe it is in your company’s best interest to select a local insurance agency for your group health plans.
Trust PBI Insurance to serve the objectives and needs of your company and employees. Self funded health insurance doesn’t have to be complicated; let us show you how our working with PBI Insurance is your benefit! Our employees work with you to reduce the cost of your benefits packages. We are located in West Hartford with an office in Hamden and serve all surrounding areas. 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. We look forward to working with you soon.
by | May 30, 2019 | employee benefit plans, group health plans, health insurance
If you are a West Hartford CT company looking for small business health insurance options, contact PBI Insurance. When you have a small business, confining your expenses within a budget is important. If you have less than 50 full-time employees, you may wonder if small business health insurance is really necessary. Although you may be under no legal obligation to offer a health insurance package, it will give you a competitive advantage.
PBI Insurance has over three decades of experience in crafting employee benefits plans, individual health insurance and medicare plans. We also offer life insurance planning, disability planning, and long-term care insurance. Our staff works with you to craft an affordable benefits package that you and your employees will appreciate.
As a family owned company, we hold our staff to high standards. We provide personalized customer service to clients all over Connecticut. Experienced and accountable, we at PBI Insurance are known for our outstanding reputation. Our staff is at the ready to help you with any questions you may have for health insurance plans. Give us a call today at 860-233-1171 to discuss how we can help you.
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by | Mar 15, 2019 | group benefits, group health plans
Are you a business shopping for group health plans for your employees in the West Hartford CT area? With PBI you will find the programs and packages that are the right fit for your employees. PBI provides Employee Benefit Packages and Health Insurance Plans that are loaded with added value. Whether you are a large firm or small, you will find the PBI packages attractive and affordable. 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 | Sep 23, 2018 | employee benefits, group health plans
PBI Insurance 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.
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 5, 2018 | group health plans
Group Health – Medicare Supplemental Insurance
Shop group health plans for your employees with the help of PBI Insurance. We specialize in Health Insurance and Employee Benefits for businesses in greater Hartford CT. If you are an employer in Connecticut, we can show you ways to reduce the cost of your benefits packages. There is a lot of talk about rising health care premiums and out of pocket expenses. Politically charged arguments make the news, but where do we go for the most up to date facts about the cost of group insurance benefits?
In June the Trump Administration issued an executive order which will change the way some businesses may purchase health insurance. If you are a small business owner trying to keep abreast of health care law updates – and how they will affect your bottom line – you are not alone. Your company needs a group health benefits package to offer your valued employees.
When you buy group health insurance through PBI Insurance, rest assured that our commitment to customer service continues. In the insurance industry, the Agent you choose is important. Trust that we will choose the most cost effective plan for your particular group, and the plan we choose 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.
