Health Plans – The Affordable Care Act has made it, in theory, more affordable for businesses to offer health insurance to employees. The reality is that it’s a struggle for many businesses to deal with the complexity that comes with numerous changes in health care law, as well as the unique needs of their employees. That’s where we come in. Our knowledge and experience enables us to provide guidance to our clients by evaluating their business and current benefit options (if applicable) and then weighing that against what’s available on the market in terms of cost, benefits and compliance.
Wage Replacement – In certain states (California being one of them), employers are required to carry insurance that offers some form of compensation for employers for lost wages under qualified circumstances. This applies to work and non-work related reasons in California, which means that businesses are required by law to carry both disability insurance and workers’ compensation insurance.
Visit the CA Employee Development Department to learn more about employer requirements that pertain to workers’ compensation and state disability insurance.
Benefits of An Agent – When trying to decide on a group health plan that’s appropriate for your business and employees, most business owners will go one of two ways: They will either buy a plan through an insurance carrier or seek out the services of an independent insurance agent. While an insurance carrier can make the decision simpler–they can only offer what they have available–it can limit you in terms of choice and affordability. One of the primary advantages of working with an independent group health insurance agent is that they are not tied to any particular carrier. This means you get access to any plan and insurance company that is available in California and can choose from the options that best fit your business.
For more information about independent insurance agents and how to select one, visit the website for the National Association of Insurance Commissioners (NAIC).