Employer Sponsored Group Benefit Plans

Businesses need talented and dedicated employees to operate efficiently and grow.  But how do they attract and retain those employees? Employee benefits are essential to do that.

Some business owners believe that paying employees a higher salary will offset the lack of employee insurance benefits.  But that approach may be short sighted since employee salaries require employer paid payroll taxes and workers comp premiums.  Health and welfare insurance benefits provided to employees is considered a necessary business expense and tax deductible under current tax law.  Furthermore, those expenses are not taxable to the employees. Plus, insurance  benefits provides stability for employees, increasing productivity and decreased absenteeism.

An Independent Broker works for the employer and has no loyalty to one insurance carrier.  That allows them to find and present the best solution for the employer's unique situation.  They bring a wealth of experience and knowledge, allowing the employer to focus on running their own business. In addition, insurance Brokers do not charge a fee and are compensated by the insurance carrier.  And the insurance rates charged by the carrier areexactly the same whether they work through  a Broker or go direct to the carrier.