Health Insurance
Medical insurance is the most sought-after and valuable employee benefit available in today’s market. In addition to medical insurance, dental, vision, life, disability, long term care and ancillary policies are growing benefits that every employee can appreciate and utilize. At RABco, we can write individual, small, mid-market and large group plans as well as premium only, HSA and voluntary plans through the carriers listed below. Unlike other brokers, we work to provide you with the best plan for you, not the one with the biggest commission.
Some of the logos below are clickable and will allow you as the consumer to check rates and/or submit applications online through the carriers who currently offer those capabilities. We are always more than happy to run quotes and submit applications at no cost, but wanted to offer these resources for clients who prefer a more hands-on approach. If you have any questions or would like us to run quotes and help with the submission process, please call or e-mail Christina at 626-795-5522 ext. 115 or christina.makley@rabcocpa.com.
Medical Insurance - Individual and Families
Whether or not you own a business, rates for individual or family policies can actually be more affordable than on a group plan if you qualify. And if premiums are written with company checks, business owners can still take them as a deduction on their corporate tax return. However, it’s important to note that certain medical conditions can be cause for denial with an individual/family policy, whereas most group plans are guaranteed issue.
Medical Insurance - Small Groups (2-50 employees):
Part of the health care reform bill allows for tax credits to be provided to employers who have less than 25 employees whose average annual wages are less than $40,000. These credits will be up to 50% of the premium paid and apply for up to two years. So for some employers, now is a better time than ever to implement a small group plan.
Medical Insurance - Mid-Market and Large Groups (51+ employees):
The health care reform package does not require employers to provide health insurance coverage. However, employers who employ 50 or more full-time employees will be considered a large group and subject to “pay or play” rules after 2013. Generally, employees who work 30 or more hours per week are considered full-time. Penalties will apply to any large employer who does not offer a health insurance plan and has at least one employee who enrolls in the insurance exchange. The sooner you establish a group health insurance plan, the lower your rate will be, as rates tend to increase monthly or quarterly.
Due to the nature and size of these groups, online quoting is not available at this time. Please contact Christina at 626-795-5522 ext. 115 or christina.makley@rabcocpa.com for a quote.
Dental, Vision, Life, Disability, Long Term Care, Ancillary (Accident and Illness) Benefits
The following types of plans are available for individuals and families, groups, and on a voluntary basis meaning that they can be offered by the employer and completely funded by the employees who opt-in. We at RABco will work together with you to establish the best coverage and employee benefits package to suit your needs and your budget. Call Christina at 626-755-5522 X115 or e-mail her at christina.makley@rabcocpa.com for more information and a free quote today.
Dental Plans
When was the last time you saw your dentist? Good oral hygiene and a healthy smile are essential for daily living, yet all too many Americans remain uninsured in the dental department. According to the AADR, U.S. employees take 164 million hours off from work in a year, only to attend to toothaches and gum irritation, things which could be prevented with regular checkups and cleanings. Employers can encourage their employees to keep their mouths healthy and reduce the amount of time spent out of the workplace by offering dental insurance as part of their benefits package. And individuals and families can benefit from this valuable type of insurance as well.
Vision Plans
Whether you wear glasses, contacts or you simply are interested in constant checkups to ensure the best possible vision and eye health, a vision policy can provide significant value. In fact, vision insurance policies tend to pay for more than themselves on an annual basis. As policies generally have a reasonable premium amount attached to them, many find that having coverage is more cost-effective than not, as eye health services and glasses/contacts can be expensive to say the least. Vision insurance may reduce the money spent on these services, even when you factor in the annual premium and deductibles. Also, many may think that their medical insurance plan will include visits to an optometrist, but in fact many do not. With a vision insurance policy, the insured can rest easy knowing that their eye health needs are covered no matter what the vision issue may be. Having appropriate insurance will mean that you are never caught off guard with regard to paying high medical bills on vision related office visits and treatments.
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Life Insurance
In many households, the spouse and children depend on the money the breadwinning member of the family earns. For the main wage-earner, it is important to establish financial security and life insurance may be a way to prevent financial catastrophe for families. Life insurance can help families avoid crisis at a most inopportune time. Without life insurance or substantial savings, your dependents may suffer financial hardships if you pass away.
Disability Insurance
Disability income insurance can replace a portion of your income if you or your employee gets sick or injured and is unable to work. Disabilities are more common than you may think: studies show that three in ten workers will become disabled before retiring, with each disability lasting roughly 2.5 years before they are able to return to work.
Long Term Care
Long Term Care (LTC) situations are affecting employees now more than ever. As the workforce ages and the cost of LTC rises, LTC insurance is becoming one of the most sought-after employee benefits. Working-age Americans provide most of the medical, financial and emotional care and support for family members. This trend can take an increasing toll on businesses with the employees increased absenteeism, reduced hours, declined promotions, use of company assets and FMLA. Studies show that one out of every two people will require long term care, and the younger one purchases this insurance, the better rate they will receive.
Ancillary (Accident and Illness) Insurance
Accidents happen. Why not protect against the unknown or a specified disease with an ancillary policy? Think of it as a way to stay ahead of the medical and out-of-pocket expenses that add up so quickly after an accidental injury – not just for emergency treatment, hospital stays and medical exams, but for other expenses you may face, such as transportation and lodging needs and paying bills while you’re out of the office. There are many different types of accident and illness programs, some of which are offered on a group voluntary and pre-tax basis. These voluntary plans are a great way to expand your employee benefits package without spending a dime, and if they’re run on a pre-tax basis it’ll actually lower your payroll taxes.
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In summary, there are many health-related insurance policies that can be offered at little or no cost to take care of yourself, your family, and/or your employees. Call or e-mail Christina today for a free quote at 626-795-5522 X115 or christina.makley@rabcocpa.com
