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 30, 2019 | Uncategorized
Save Time – Outsource Payroll
For small business payroll services in the greater New Haven, North Haven and Hamden CT area, trust PBI Insurance. PBI offers services for all financial aspects of your business including payroll services. If your small business is growing, you have a hundred and one tasks to complete every week. Have the professionals at PBI Insurance handle your payroll so you can focus on growing your business. Outsourcing your payroll can offer your small business an attractive option to managing your payroll internally. Outsourcing your payroll to PBI saves you valuable time. Imagine not having to prepare payroll for your employees, figuring out tax obligations, preparing checks and providing management reports. With tax regulations constantly changing we stay on top of the most up to date tax codes, tax tables and government forms. Hiring PBI will boost your productivity and keeping your business focused on your industry. PBI Insurance is a locally owned and operated company. We manage payroll for hundreds of local small businesses in Connecticut, and we are looking forward to meeting you. Call PBI to compare the value of your payroll services today. Call 860-233-1171 today.
by | Mar 30, 2019 | Uncategorized
PBI Insurance has some of the most experienced financial advisors serving greater Hartford CT. When you approach retirement age, you enter a new realm of financial planning options. While you are in your fifty’s retirement years seem so far away. The fun begins when you are months away from Medicare enrollment. If you do not have sound financial advice, you could make a mistake that could jeopardize your standard of living in retirement. When it comes to the subject of financial planning, the expert advisors at PBI have services that may benefit your future. You may find that restructuring your retirement plans might benefit future retirement income.
When you are ready to delve into the fitness of your retirement plan, consult with PBI. The financial advisors at PBI offer a variety of financial services that will ensure you have a rosy financial future in your retirement years. A catastrophic illness or nursing home care could wipe out your nestegg in a short time. PBI will give you the information you need to prepare for long-term care. So whether you’re looking to have an income that you cannot outlive, bring together wealth or provide a legacy for those you love, we provide a variety of services and products that can help you achieve your financial goals.
Everyone’s dreams, needs and financial situations are different. We completely understand that each client will have a different financial situation with specific goals and objectives for the future. In order to better meet each client’s individual needs, we take a personalized approach to service. We always provide outstanding service to our clients, we are very dedicated to doing everything correct and making it easy for you.
Since 1985, PBI has built a business and a reputation by always doing the right thing for our clients and providing a personalized level of customer service. PBI is family-owned and serves businesses and individuals from every corner of the state. At PBI, we are known for our outstanding reputation. We bring our integrity, experience, accountability, and accessibility to the fore with every individual and business client. At PBI, we pledge to bring added value services to the table. We have offices in Hartford and New Haven Connecticut, or one of our agents will be glad to discuss your options at a place of your choice. When you are ready to delve into the fitness of your retirement plan, consult with the advisors of PBI about your financial future. Call 860-233-1171 today for a consultation.
by JT Gutcheon | May 13, 2018 | Uncategorized
Medicare Insurance – Medicare Supplemental Insurance
To unravel your Medicare choices in greater Hartford CT, consult the Medicare Insurance Specialists at PBI in West Hartford. For questions about Medical Insurance Plans, Medicare and Medigap Supplemental Insurance, Individual or Group Health Benefits, and more, Call PBI. We offer assistance to individuals just like you understand the Medicare enrollment process. PBI provides clients with affordable healthcare coverage to individuals who have reached the age of 65. We personally meet with individuals to educate and guide them through the Medicare enrollment process. Whether you are an active member of the workforce or a retiree, PBI can provide Medicare coverage to suit your health care needs. Our professionals provide personal and detailed consultations to help determine which Medicare Plan is best suited for you. If you have questions about Medicare parts A, B, C, or D, or would like to explore your Medicare Supplemental Insurance options, call our helpful staff for a consultation. PBI provides Medicare Plans for individuals through many highly recognized carriers, including AARP, Aetna, Anthem Blue Cross and Blue Shield, ConnectiCare, and United Healthcare.
BASIC MEDICARE INSURANCE
- Medicare Part A is hospital insurance, and helps cover inpatient hospital care, skilled nursing facility care, hospice care, and home health care.
- Medicare Part B, or Medical Insurance, helps cover services from doctors and other health care providers, outpatient care, home health care, durable medical equipment, and some preventive services.
- Medicare Part C, or Medicare Advantage Plan is run by Medicare-approved, private insurance companies. Medicare Advantage includes all the benefits and services covered under Part A and Part B, may cover extra benefits and services for an added cost, and usually includes prescription drug coverage (Medicare Part D).
- Medicare Part D is prescription drug coverage.
- With Medicare you get to choose the coverage you want. Original Medicare includes part A and Part B coverage. For prescription drug coverage, you must join a separate Part D plan. Or you may choose to join a Medicare Advantage Plan, where you will get your Part A and Part B coverage from this plan, not from Original Medicare. Medicare Advantage may include prescription drug coverage
MEDICARE SUPPLEMENTAL INSURANCE – MEDIGAP
Medicare is a federal health insurance program for Americans who are age 65 or older, younger people with disabilities, and those of any age suffering from permanent kidney damage. Medicare coverage is the same for people who qualify based on disability as for those who qualify based on age. For those who are eligible, the full range of Medicare benefits are available. Coverage includes certain hospital, nursing home, home health, physician, and community-based services.
Medicare Supplemental Insurance (Medigap) plans are divided into Plans A through N. Anyone with this Medigap coverage will be accepted anywhere in the country that takes Medicare. Not all insurance carriers offer every plan, but all plans are identical. These plans only differ by the monthly premium charged by each insurance carrier. The first step in choosing your Medigap policy is to decide on the benefits you need and want while considering your current and future health care needs. You must already have Medicare parts A and B. If you have a Medicare Advantage Plan, you should make sure you can leave that plan before your Medigap policy goes into effect. At PBI we shop the market and get the lowest premium for your Medicare supplemental insurance policy. We will do our best to tailor a plan that is right for you. 860-233-1171.
by JT Gutcheon | Feb 18, 2018 | Uncategorized
PBI Insurance
When you need information on Medicare, your local Medicare Insurance Specialists are at PBI Insurance. Turn to PBI when you need information about Medicare plans, or Medigap Supplemental Insurance. We offer assistance to individuals just like you understand the Medicare enrollment process. PBI provides clients with affordable healthcare coverage to individuals who have reached the age of 65. We are proud to personally meet with individuals to educate and guide them through the Medicare enrollment process. Whether you are an active member of the workforce or a retiree, PBI can provide Medicare coverage to suit your health care needs. Our professionals provide personal and detailed consultations to help determine which Medicare Plan is best suited for you. If you have questions about Medicare parts A, B, C, or D, or would like to explore your Medicare Supplemental Insurance options, call our helpful staff for a consultation. PBI provides Medicare Plans for individuals through many highly recognized carriers, including AARP, Aetna, Anthem Blue Cross and Blue Shield, ConnectiCare, and United Healthcare.
BASIC MEDICARE INSURANCE
- Medicare Part A is hospital insurance, and helps cover inpatient hospital care, skilled nursing facility care, hospice care, and home health care.
- Medicare Part B, or Medical Insurance, helps cover services from doctors and other health care providers, outpatient care, home health care, durable medical equipment, and some preventive services.
- Medicare Part C, or Medicare Advantage Plan is run by Medicare-approved, private insurance companies. Medicare Advantage includes all the benefits and services covered under Part A and Part B, may cover extra benefits and services for an added cost, and usually includes prescription drug coverage (Medicare Part D).
- Medicare Part D is prescription drug coverage.
- With Medicare you get to choose the coverage you want. Original Medicare includes part A and Part B coverage. For prescription drug coverage, you must join a separate Part D plan. Or you may choose to join a Medicare Advantage Plan, where you will get your Part A and Part B coverage from this plan, not from Original Medicare. Medicare Advantage may include prescription drug coverage
MEDICARE SUPPLEMENTAL INSURANCE – MEDIGAP
Medicare is a federal health insurance program for Americans who are age 65 or older, younger people with disabilities, and those of any age suffering from permanent kidney damage. Medicare coverage is the same for people who qualify based on disability as for those who qualify based on age. For those who are eligible, the full range of Medicare benefits are available. Coverage includes certain hospital, nursing home, home health, physician, and community-based services.
Medicare Supplemental Insurance (Medigap) plans are divided into Plans A through N. Anyone with this Medigap coverage will be accepted anywhere in the country that takes Medicare. Not all insurance carriers offer every plan, but all plans are identical. These plans only differ by the monthly premium charged by each insurance carrier. The first step in choosing your Medigap policy is to decide on the benefits you need and want while considering your current and future health care needs. You must already have Medicare parts A and B. If you have a Medicare Advantage Plan, you should make sure you can leave that plan before your Medigap policy goes into effect. At PBI we shop the market and get the lowest premium for your Medicare supplemental insurance policy. We will do our best to tailor a plan that is right for you. 860-233-1171.
by JT Gutcheon | Dec 24, 2017 | Uncategorized
Financial Planning Services in Greater Hartford
PBI Insurance is your source for top notch financial planning services in the greater Hartford area. At the close of 2017, are you satisfied that you saved enough money for your retirement? At Tax time we all wonder where our money went – and why we were unable to save enough for the retirement fund. It certainly is not too late to take the bull by the horns and get the Financial Planning advice you need. Today is the best time to take steps toward improving your financial future. It is never too soon to seek out a professional to maximize one’s options when planning your investments and assessing future income. There are many reasons to seek financial counseling. For the college graduate just starting to get a career on track, getting a handle on student loan debt and preparing for retirement cannot start soon enough. For the middle aged couple wondering whether to relocate their home or downsize their living space in preparation for retirement living, major life decisions require a plan.
PBI Financial Group provides comprehensive retirement and financial planning services. We provide the individual and business investor counseling on investment strategies and retirement planning. The professional staff at PBI Financial offers our clients periodic portfolio reviews and follow-up. We at PBI invite you to consult with our knowledgeable agents in our centrally located West Hartford office. Our service area encompasses the entire state of Connecticut. Our satellite office is conveniently located on Main Street in Hamden for clients located in the greater New Haven region. Call 860-233-1171 today.
PBI Insurance is your source for top notch financial planning services in the greater Hartford area. At the close of 2017, are you satisfied that you saved enough money for your retirement? At Tax time we all wonder where our money went – and why we were unable to save enough for the retirement fund. It certainly is not too late to take the bull by the horns and get the Financial Planning advice you need. Today is the best time to take steps toward improving your financial future. It is never too soon to seek out a professional to maximize one’s options when planning your investments and assessing future income. There are many reasons to seek financial counseling. For the college graduate just starting to get a career on track, getting a handle on student loan debt and preparing for retirement cannot start soon enough. For the middle aged couple wondering whether to relocate their home or downsize their living space in preparation for retirement living, major life decisions require a plan.