 Do your new employees ask about your benefits plan options? Do you want to expand your offering, but don't want the extra hassle of administration.
Here are some tips on how any small business can offer as many benefits as large corporations without the high costs and admin headaches... 1. Core Benefits - Decide on a couple of core benefits that the company can contribute toward. Usually it is Medical and Dental. Usually the starting amount is $100/employee per month. 2. Voluntary Benefits - You can offer all other benefits on a voluntary basis, which allows the employee to get a group plan and discounted rate, and the company does not have to contribute toward the plan. 3. Range Of Options - After selecting your Core Benefits, you can offer: Dental, Vision, Short and Long Term Disability, Group Term Life Insurance, Accident Insurance, Hospital Reimbursement plans, Critical Illness, 401k, and more. You will be surprised how many employees take advantage of these benefits when made available to them. 4. Administration - Your Benefits Broker can set up a Benefits Admin System that explain the benefits, show the employees their costs for selecting them, calculates payroll deductions and generates reports. Some Benefits Admin Plans have a fee, and some will connect back to payroll and communicate the payroll deductions. You can even use it to help with your hiring process. 5. Additional Benefits - By setting up an expanded benefits plan, the Business and the employees gets some additional benefits that are sometimes overlooked. First, the Company and Employee will pay less in payroll taxes, as many of the premiums are deducted on a pre-tax basis. Next, Employees benefit by getting better benefits and group rates that are not always available on an individual basis. 6. Competitive - Now, all businesses can have a competitive benefits plan with any large corporation. Ask your Benefits Insurance Broker for more information. Have Questions? Contact Us: Call/Text: 714-900-2363 or Click Here to set up a Conference Call
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 California is Responding to COVID-19 Pandemic by Announcing a Special Enrollment to Help People Get Insurance
Good News! Covered California announced today that effective Feb. 1, anyone uninsured and eligible to enroll in health care coverage through Covered California can sign up through May 15. Selecting a plan can be difficult, here are some things to consider: Benefit Level: There are 4 benefits levels to choose from. Bronze, Silver, Gold, Platinum. Bronze is the lowest cost level; however, it has a high deductible from $5,000 - $7800/year. As you go up to Silver, Gold and Platinum, the deductibles and cost of care go down, but the monthly premium goes up. Consider what you expect to accomplish with your health plan this year, then choose the appropriate level for your needs. Planning a procedure or surgery? Choose a Gold or Platinum plan so that your hospital costs are lower. Not expecting any doctor visits this year? A Bronze or Silver plan will provide a safety net, without costing as much every month. Type of Plan: HMO, PPO or EPO The most important factor in choosing the type of plan is what providers you want to use. If you have multiple specialists in different locations, a PPO may be best for you. However, if you only see your primary doctor or you have multiple doctors in the same medical group, then an HMO will be fine. Sometimes an EPO can work like a PPO where you have doctors in various groups, and EPO may have coverage across medical groups and it would be ok to choose an EPO plan that covers them all. Get Help: Of course, it is important to do your homework before choosing a plan for the year. You can get assistance from your HR Department, Health Insurance Brokers, or Covered California to choose the best plan for you that includes your medical providers and the lowest premium for the services that you need. Feel free to contact us for more info, call/text: 714-900-2363 Click here for the full article from Covered California  Did you miss your Open Enrollment Deadline?
Busy Year-End? Renewal Booklets Confusing? Sometimes our group benefits renewal can get away from us. Open Enrollment is complicated and employees have a lot of questions. Without professional advice we can sometimes hold our breath and just accept the renewal. It is important that business owners and managers take a close look at your benefits renewal every year. Many times new options are available, employee's may have need of new options or additional benefits can be added. What to do if you missed your deadline? It's not too late to make changes to your health and benefits plan. Some carriers allow you to make changes during the following month after renewal. In other cases, retroactive plan changes can be made even after more time has passed. Finally, if larger plan changes are wanted, I new carrier plan can be initiated at any time throughout the year. That can be important if a change from HMO to PPO or plan level from Bronze to Platinum is desired. For more information, contact us at Phone/Text: 714-900-2363  Employment Practices Liability Insurance (EPLI)
Did you know 1/3 of employee claims are against small businesses? That's because most small businesses lack a legal department or employee handbook detailing policies and procedures that guide hiring, disciplining, or terminating employees, making them more vulnerable to employment claims. EPLI can provide financial protection from covered claims made by their employees alleging workplace-related wrongdoing. Most importantly, it will help cover expensive defense costs for covered claims. Contact us to find out how to get started... Call/Text: 714-900-2363 Ask for George Providers Open with Enhanced Safety Protocols Amid the COVID-19 pandemic, Dental and Vision providers are welcoming patients to their practices with enhanced sanitizing protocols and new ways of ensuring the comfort and well-being of patients. Whatever plan you have, contact us for help selecting a good provider near your home or office. Our providers include Delta Dental, Blue Shield, Blue Cross, Principal, VSP, Eyemed, MetlifeCoPower, ChioceBuilder and more. Contact us for more information on finding a provider for you. Call or Text Us: 714-900-2363
 Health Insurance - Special Enrollment Period Extended! Covered California announced this morning that it would be giving consumers more time to sign up for health care coverage during the COVID-19 pandemic by extending the current special enrollment deadline through July 31, 2020. If you or someone you know does not have health insurance, Sign Up today! Contact Us, we can help. Call/Text: 714-900-2363   What do employers do if one of their employees has Covid-19? Many times, people who have tested positive do not feel any symptoms but with careful screening, employers can stay one step ahead. Temperature screening services are needed on site for employers who want to keep their employees safe and healthy. Through a careful process development, screening with temperature checks and a short questionnaire for all who enter a workplace or worksite; employers can keep their employees safe by reducing the risk of having an employee, vendor, or visitor spread the virus to others. Get the healthcare workers, infrared touchless thermometers, and the Personal Protective Equipment (PPE) that are needed to keep employees safe. For More Information Contact: Interim HealthCare in Anaheim Direct Line: 714-714-7603 http://www.interimhealthcare.com/AnaheimCA   Go Back to Work Confidently with Paycheck Protection
Are you ready to get back to work at full capacity? Are your Employees worried about getting sick with COVID? What happens when someone gets sick? Will they lose their hours and their paycheck until they are better? Paycheck Protection is available to all Businesses with 5 to 100 employees. This is a group insurance plan that will replace a majority of a workers wages for up to 6 months if they get sick (Including COVID-19) or injured and they are not able to work. The paycheck protection plan is only $2 to $8/month and it can be bundled with common benefits like health, dental, vision and life insurance for added benefits and savings. This is not workers comp, it is an additional benefit that help pay rent, buy groceries and pays bills! Ready to get employees to go confidently back to work? Contact me to get started. Call or text: 714-900-2363 or Click Here to Schedule a Conference call  Have Benefits Plans adjusted to deal with COVID? What do I pay for an ER Visit? What happens when I get quarantined for 3 weeks? If I get sick at work, do I get any help with lost wages?
Before the COVID-19 virus crisis, healthcare was already in the top three concerns of most people. Now that we are dealing with a virus outbreak. It is even more important to make sure health insurance coverage is set up to address how we might use our coverage for treatment. Since 67% of the population is covered by Small Business Group Insurance. We are going to discuss solutions for small groups. What do I pay for an ER Visit? Emergency Room visits are never planned and neither are the expensive bills they can rack up. Most health plans have a deductible from $2000 up to $7000 before the insurance even begins to help. What if I have to be Hospitalized? In addition to the deductible, many health plans have Co-Insurance Cost sharing. Once you spend a night in the hospital, the co-insurance is billed to you. Co-insurance amounts start at 10% of the hospital bill and can go up to 50% of the bill. This is not new. These amounts are a normal part of health insurance plan designs. Do I get any help when I am out of work while quarantined, sick or recovering? Many states have expanded government programs to include unemployment or sick pay during the COVID crisis. In other times, we have had to rely on earned sick or vacation time offered by employers or just take unpaid time off. Here are some additional resources available in California. https://www.labor.ca.gov/coronavirus2019/#chart SOLUTIONS Health Plans Some health insurance carriers have recently introduced new group health plan options that provide higher levels of benefits, lower copayments and coinsurance amounts and maintain a good network of provider medical groups and hospitals. Complimentary Coverage There are some little used group benefits that help fill in the gaps of primary medical insurance. These plans can help pay for deductibles, co-payments and can add benefits. Other plans can help replace lost income when sick or injured and unable to work. Optimized Benefits The best solution is to coordinate the available benefits to mesh together to provide seamless coverage, improved quality of care, and reduce overall benefits costs. Who Should Make Changes Now?
Contact Us for More Information: Text/Call: (714) 900-2363 Email: george@pacificarib.com ZOOM: 944 595 1957 Calendly: https://calendly.com/pacificarib/60min\  Covid- 19: the Effect on Life and Disability Insurance Covid-19 has changed how insurance companies are accepting and reviewing applications for life and disability insurance. The changes implemented may be temporary, yet with the unknown outcome of the virus, most insurance companies are being more cautious. The good news is that many companies are skipping the medical exam requirement to apply, but are heavily relying on medical records, prescription checks and signed statements of Covid-19 contact. Should you wait? The problem with waiting is that you may never get around to it or risk getting sick or injured then it may not be possible. If you are healthy, get it now. Don’t wait! If you are worried about meeting face to face, meetings can easily be held over Zoom. Applications can be submitted and signed electronically as well. What do I recommend? Work with an insurance professional. There has been a rise of online life insurance applications. Although there is nothing wrong taking care of it yourself, these premiums may be slightly higher. An insurance professional would review your situation, shop around to different companies and give you a better idea of your options and cost. Not everyone’s situation and need are the same. If you currently have a life or disability insurance policy, you should also set up an appointment for a review. A recent life change like a new baby, house, or job may change your insurance needs. Other items to review would be your beneficiaries and your employer coverage. There are a lot of bases to cover so leave it to the professionals to help. For more information, please contact: Melissa Delgado Insurance Professional MDIS: Melissa Delgado Insurance Solutions (714) 603-6539 melissa@mdis.io or Contact Us for More information! Text/Call: 714-900-2363 |
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