Insurance Benefits Solutions Health Insurance
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Fax: (407) 831-4263
     
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SENIORS & RETIREMENT
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Business Health Insurance Health Insurance Info

As your group insurance agent it is our job to have the knowledge, training and understanding of how to apply all the options that are available to your company. Therefore you the client, have the understanding to make an educated decision on the benefits you provide for your company.

IBS has more than just a professional relationship with the insurance companies. Due to our longstanding track record of integrity, this allows us and you as our client preferred treatment from the carriers.

Each year when your plan renews, we will present you with all the available options and alternate quotes to help you make the most informed and financially sound decision for your next policy year.

IBS offers a full array of employee benefits:

List of Preferred Health Carriers:

List of Preferred Non-Medical Carriers:

  • Guardian
  • Met Life
  • Principle
  • Delta Dental
  • Sun Life
  • Standard
  • Assurant
  • Mutual of Omaha
  • Reliance Standard

List of Preferred 401K Carriers

  • The Hartford
  • Principle

Cafeteria plans by Colonial:

  • No cost to the employer
  • Pre-tax benefits
  • Employee chooses benefits of their choice

Medical expenses around the world are skyrocketing by the day. Throughout the United States, hospital and medical expenses are practically unaffordable. Almost all citizens are covered under insurance plans either through individual private insurance, business insurance or social insurance sponsored by the Government.

As per the data available with the United States Census bureau, sixty percent of the health insurers covered under various insurance plans, obtain it through employers or business health insurance benefits. A comprehensive health insurance and medical benefit is a very potent tool in USA to attract and retain employees and nearly ten percent of organizations offer health insurance benefits.

As a part of their remuneration package, the employer pays a certain amount of premium to the insurance companies annually, on behalf of the employees. Insurance companies earn billions of dollars through business health insurance, which constitutes the majority of their revenue.

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In the past there has been a downturn in the medical and health insurance benefits provided by companies, primarily due to ever-increasing cost of medical drugs, hospitalization and checkup. Consequently, premiums charged by the insurance companies have seen a sharp rise, forcing many small business groups to either reduce or eliminate medical benefits.

The organizations have to provide complete medical history of their employees and their families before they purchase health insurance plans. No company by law however can reject insurance coverage on the basis of health information provided by business organizations.

The rules applicable for a group insurance or business insurance are pretty much different from those applicable for individual coverage. By law, if one employee of an organization is offered insurance benefits, all other employees will have to be offered as well.

Health insurance plans aid employees to obtain many health benefits including preventive care that helps them to keep away from various health problems in the future. They are also of immense assistance during major illness.

Besides this, both employers and employees enjoy tax benefits from these group health insurance plans.

Insurance companies as a practice, categorize business organizations under three groups, based on which, group health insurance plans are offered. 1) Small Groups which have employees ranging from 2 to 50, 2) Mid-sized groups which are defined by various criteria 3) Large-groups which again have diverse requirements.

Apart from a business health insurance, there is another way to provide a health care solution to employees. This is called business HSAs (Health Savings Accounts). Under this, the employer doesn’t have to incur any expenses towards a group health insurance plan for its employees. It works by merging individual insurance plans purchased by employees, with voluntary pre-tax which is contributed by employers in their accounts.

With the recent global meltdown having an adverse cascading effect, many employees were thrown out of jobs. To assist citizens, the Government passed a subsidy under COBRA (Consolidated Omnibus Budget Reconciliation Act), by which all those who were retrenched between September 1, 2008 to the end of this financial year 2009, will have to pay only 35 percent of their health insurance premiums, for nine months, while the remaining 65 percent will have to be borne by their previous employer, who will eventually be reimbursed by the Government through a tax credit.

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Top Carriers

Aetna

Blue Cross & Blue Shield

United Healthcare

AvMed Health Plans

CIGNA

Humana One

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