Call Us CALL US TODAY | (888) 337-9322
Auto Insurance AUTO

Auto insurance protects you against financial loss if you have an accident.

Read More
Homeowners Insurance HOME

A standard policy insures the home itself and the things you keep in it.

Read More
Business Insurance BUSINESS

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Life Insurance LIFE / ANNUITY

Browse a variety of insurance options in order to find the right one for you.

Read More
Employee Benefits Insurance EMPLOYEE BENEFITS

Learn about different coverage options that fit your specific business needs.

Read More
What's New? DSI Newsfeed

What DSI can do for you. Check out our videos, news and blogs.

Read More

Attract Top Talent

I seem to be getting more requests from small businesses for group health insurance quotes.  Why?  Most of the small businesses I work with say the finding and keeping good employees is the number one pain point.  Having great benefits like group health insurance is one way to retain good employees.  

What are the costs of having group health insurance?

Employers must pay at least 50% of the employees cost of the least expensive plan offered. When a small business asks for group health insurance quotes, we obtain quotes from Florida Blue, United Healthcare, Aetna, Humana, AvMed, and a few others.  Once we obtain those quotes, we review all of them and figure out which company and plan is best. 

Fifty percent of the eligible employees must participate in the plan by law.  This means that if we don’t have enough participation, the employer may have to increase the percentage of what they will pay for the health insurance.  For example, if we need more employees to participate, we will suggest bumping up the employer contribution to 70-80% to entice them to enroll.  Obviously, this drives the cost to the employer up, but, in order to be eligible for a plan, we must have the participation numbers meet the minimum.  Some employees are exempt from counting against you in the participation numbers.  If an employee is covered through a spouse’s plan, they don’t count against the employer’s participation numbers. 

I hope this helps you understand more about group health insurance and how to increase employee retention.

Contact us or get an employee benefits quote now
Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016

View Mobile Version
© Copyright. All rights reserved.
Powered by Insurance Website Builder