LET OUR TEAM QUOTE YOUR TEAM!
Many employers provide health insurance as a benefit of full time employment. Yet taking that first step, or overhauling your current plan for something new can feel like an overwhelming task. Our goal is to make that first step simple with a few commonly selected strategies that you can choose from, like a MENU at your favorite restaurant.
Yet that's only HALF THE JOB...what happens after the plan is installed is what really sets 843BHM apart.
We don't use account managers and like to think we provide concierge level service to your staff. The broker you work with to establish your strategy is the same person that will help deliver cards when lost, direct claim reviews, and assist with billing problems or other common issues. We do this because it gives us a better chance to engage with your staff and build a relationship that allows your team to feel comfortable talking to us when things get heavy.
Are you confident enough in your current provider to give us a shot?
843BHM Menu of Popular Plan Designs
Obviously we can customize any design for you but this might help you get started.
The linked summaries are of actual clients here in the 843BHM area.
With a budget of just $50 per employee you can offer a buffet of supplemental options and still enable lower wage employees to obtain federal subsidy benefits.
Take care of your staff with a simple dual option solution that covers medical insurance yet still provides a guaranteed issue supplemental buffet of dental/vision/disability/etc.
When trying to hire away or retain key talent, its important to make your benefits package stand out. These plans generally offer higher contributions and greater coverage.
When you need to provide benefits for multiple classes of employees with different needs, we can help you strategize the right combinations to take care of both executives and your rank and file employees.
843BHM Description of Common Medical Plans
Understanding how these plans work might help you determine which strategy is best for your company.
(Traditional Group Health Plans)
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Fully Insured refers to traditional insurance from carriers you know like Blue Cross Blue Shield, Blue Choice, United Healthcare, and Cigna. These plans charge you a premium based on rates that are filed with the state and are only affected by age, zip code, and smoker status. If you have less than 50 employees there is no chance of being declined or rated up for medical conditions, but there are also very few rewards for good health.
843 Benefits was established based on the fact that with fully insured business we can't do anything about the rates. What we could do, was provide the latest administration and enrollment technologies for free, connect you with other business services that provide amazing service, and give your employees a community wellness program designed to get them engaged in healthier activities.
Level Funded 101: Under a level funded plan, an insurance company determines a funding amount for the year based on the employer’s prior experience or health assessment. Then the employer pays a set amount to an insurance company every month to pay for claims, fixed costs, and administrative expenses. This regular, equal payment is why the product is called a “level” funded plan.
At the end of the year, if the total claims, costs, and expenses are less than the employer’s contributions for the year, the employer gets a refund. If the total claims, costs, and expenses are more than the employer’s contributions, the carrier covers the shortfall with insurance.
This model is exciting to us at 843 Benefits because we can help employers and employees take control of future rate increases by reducing risks and promoting healthy activities.
(the new kid on the block)
ALLSAVERS BY UHC
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Count on 843BENEFITS to ALWAYS...
Give you unbiased advice to help meet your needs and those of your employees.
We are an independent office with no ties or selling agreements to any specific company and have no qualms switching them if they don't perform.
Offer added values and wellness programs that your employees actually want to use.
We actually negotiate and buy down discounts with local wellness providers for the benefit of your employees and hold challenges and competitions to keep your employees busy both in and out of the office!
Treat you as good on day 365 as we do on day 1.
Unlike some of the big box firms, your advisor will always be your number one point of contact and has no sales quotas to keep commissions. So your advisor, not a service rep or account manager, is fully invested in you and your company throughout our relationship.
Be your long term partner.
The greatest joy for us is watching our clients grow from 10 to 20 to 50 or more employees. But as that occurs, needs can change and you need a benefits partner that can change with you. We are constantly asking our growing clients what we can do to improve and have the flexibility to implement new tools specific to your needs.
Health Reimbursement Account
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Employers looking to offer an Individual Coverage Health Reimbursement Account generally range in size from 1-20 employees. Contributions can be a flat dollar amount for all employees or scaled to increase with age or enrollment of dependents.
One of the benefits of this plan is that each employee can choose their own plan to fit their needs and budget. Ironically the biggest downfall of these plans are that your employees are now tasked with having to choose their own plan with limited knowledge of the industry.
Typically the larger the employer the more complicated this plan becomes due to limited administration software. Enrollments are done directly with BCBS separate from your supplemental benefits so having a good system in place to manage it all is important. (Hint...we got you covered!)
READY TO GET STARTED?
Here's what we need next:
Set up appointment with us online HERE or
Click the DOWNLOAD CENSUS link below for an excel file that you can use to relay the employee information we need.
To get set up with our online portal we also need the BEACON CHECKLIST form completed. It's not important if you don't know how to fill everything out, but we at least need the basics and your pay period cycle so we can match rates appropriately.
If you currently don't have an agent or need us to take over your existing case, we will need the AOR LETTER completed and signed on your letterhead.
If your feeling kind of retro and just want to chat about it over the phone, call the office line below and your call will be directed to our CEO's mobile phone where hopefully we won't confuse you with a random telemarketing call!
We look forward to earning your trust and becoming part of your team.