why offer group benefits?
Statistics show that you can attract higher quality employees and retain them longer when you offer group health insurance benefits. We know that the health and well-being of your staff is a top priority to you and to your business. The connection between wellness, employee engagement and financial success is well-documented and has resulted in the demand for new innovative benefit strategies. SafetyNet Insurance Group takes a customized approach to your needs. Every business is different and we work with you to tailor a benefits package that fits your business goals & objectives; with a strong focus on growth & retention, while strategically maximizing tax-savings & other incentives. This approach results in packages that are richer in benefits for your staff while lowering costs for you!
SafetyNet Insurance Group has relationships with over 50 trusted insurance partners giving us access to plans that many agencies can't offer. PLUS we work with several regional carriers who can often deliver BIG savings! More and more businesses are making the well-being of their staff a top priority! It's an undeniable fact that a healthy engaged workforce is the KEY to maximizing productivity!
Most employers are NOT required to contribute towards employee health benefits but once you understand the incentives for doing so, you may decide it's worth it! Generally speaking; in order to take advantage of most tax incentives, you'll need to pay at least 50% of your employee's monthly premium. You would only be required to contribute towards "health insurance" premiums and would NOT be required to contribute towards spouse or dependent monthly premiums. BE SURE to consult your accountant / tax advisor to understand your rights and responsibilities with regard to contribution amounts and requirements to determine the best course of action for your business. ALSO SEE "FUNDING OPTIONS" BELOW FOR MORE INFORMATION.
What if a small business can’t afford employee health insurance?
If providing traditional employee health insurance is not in the budget, you can still provide a benefit to help your employees get insured. A Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) allows employers who don’t offer group coverage help their employees pay for minimum essential coverage and other health care expenses. This is a 100% employer-funded option. You give your employees money which they use to pay for insurance they get elsewhere. They can shop on HealthCare.Gov (where they might be eligible for a Premium Tax Credit).
Be aware, QSEHRA payments are paid tax free — which means there are rules and regulations, including reporting requirements and administrative work for the employer. Still, if you’ve made a business decision to not offer health insurance, a QSEHRA might be an option.
How much work is involved in setting up and maintaining group benefits for my team?
As soon as you reach out to us, you will be assigned to an experienced "Business Account Manager". This executive will be your ongoing point of contact throughout your benefits experience. Our licensed, certified and experienced account managers offer simple, step by step instructions and guidance. We will be sure you are properly and compliantly up and running within a matter of weeks NOT MONTHS! As a business owner, you have better things to worry about then your benefits package so we are here to take the majority of the responsibility off your shoulders. You (or your assigned staff) should expect to spend approximately one hour per month on your benefits for every ten employees on the plan and most requirements can be completed online. We can also help you get set up with an HR / payroll service if necessary.
The first step is to reach out for a free consultation so we can help determine your best course of action.
STOP EXPENSIVE EMPLOYEE TURNOVER & GIVE YOUR STAFF A REASON TO LOVE THEIR JOB! REACH OUT TO LEARN YOUR OPTIONS TODAY!
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Employee Benefits Packages
We offer a robust, flexible portfolio that includes both traditional and non-traditional benefit solutions. From major medical plans to wellness and discount plans, we can customize an affordable package that's PERFECT for your business!
How Does Uncle Sam Reward You?
As a business owner, much of the money you put into employee benefits comes back to you in the form of tax breaks and other incentives. Discover how companies are using employee benefit programs to not only improve employee health, but to also create a happy, productive & thriving workforce.
17+ Years of Professional Partnership
You want to spend your time building your business so leave your benefits to us! Your dedicated account manager will make sure you understand and comply with your plan and will be available to assist you and your staff with any questions or needs. Click here for your free "employer compliance guide".
The Basics of Self & Level Funded Plans
What's the difference between "fully" funded, "level" funded and "self" funded health plans and which one is right for your business? Watch the video to get a quick, high level overview.
$ Least Expensive Monthly Premiums
$$$ Most Risk
$$ Less Expensive Than Fully Funded
$$ Some Risk
$$$ Most Expensive Monthly Premiums
$ Least Risk
The information on this page is for general information purposes only and may not be updated frequently. Consult your own tax, accounting, or legal advisor instead of relying on this page as tax, accounting, or legal advice.