Health Insurance protects your financial assets that otherwise would be depleted by serious medical conditions.  There are several types of plans available from the very low out-of-pocket expense HMO style plans, to mid-range out-of-pocket expense PPO style plans, to high deductible HSA and PPO plans.  The cost of each plan depends on the level of benefit you wish to provide and the demographics of your company.

Employers usually put a dental plan in place to attract and keep good employees. Dental bills don’t normally cause a huge financial loss and most plans stop paying at a predetermined amount. We can place you with fully insured Dental plans or discount dental plans.

These types of policies protect you in the event you become temporarily or permanently disabled. They will pay you a certain percentage of your monthly income.  If set up correctly this benefit is paid out tax free. These types of plans can also be bought individually.  Employers offer this to attract and keep good employees.

Group Life Insurance allows you to have life insurance at group rates. Some plans are portable and can be taken with you if you lose or leave employment. Often these plans can have guaranteed issue amounts that have no health questions asked.  Under section 79 of the internal revenue code, benefits of $50,000 or less are non-reportable as income and tax free to the employee’s beneficiaries and the premium is tax deductible to the employer.

These are part of the New Consumer Driven Healthcare market. Health Savings Accounts are tied to a High Deductible plan. They allow you to pay for medical expenses with pre tax dollars and tap into the carriers contracted rates with its providers.  If properly set up and properly funded, an HSA can provide 100% tax-free medical coverage.

Aflac offers a series of supplemental insurance plans that are meant to offset out-of-pocket expenses and gaps in coverage in Health Insurance plans. Each plan has a very specific benefit package and they range from plans specific to cancer, accidents, sicknesses, and several others.  All plans are voluntary, meaning that each employee may choose to participate or not, and premiums are paid by the employee and are pre-tax in most cases.

401k’s are implemented to help employees plan for retirement. They allow you access to investments at lower cost and lower initial investment requirements than could be accessed individually.  These plans are extremely flexible and can be tailored to your specific needs with features such as pre-tax employee deferrals, tax-deferred growth in the plan, potential for employer match or contributions, and many more benefits.  401k plans can be set up to include profit sharing provisions as well.

These are plans that allow employees to take advantage of various benefits pre-tax.  A section 125 plan allows employees to pay for health insurance premiums pre-tax.  Cafeteria plans allow employees to put money in an account that allows them to pay for specific products and services, such as certain over the counter medications and dependent day care costs, with pre-tax money.  

When a business owner dies, his interest in the business is passed on to his spouse or heirs and they become owners in the business regardless of their ability to perform the job responsibilities.  A Buy-Sell Plan allows companies to continue business operations at the death of an owner by providing funds to the remaining partners or predetermined successor for the purpose of buying out the deceased owner’s interest from his heirs.  These plans are usually funded through life insurance and must be set up in advance of an owner’s death.  This type of plan is applicable to almost all types of businesses i.e. sole proprietors, partnerships, and many corporations.  

These plans are purchased to protect a person’s assets from being spent down in the event that they could no longer take care of themselves and need assistance.  They cover a variety of services and are not limited to nursing home benefits but can include home health care, hospice, and other services that allow the claimant to maintain the most freedom and autonomy as possible.

These are purchased to pick up the costs that Medicare Parts A and B does not pay for. Part A is automatic at age 65. You have 6 months to elect Part B of Medicare with out any medical underwriting. The 6-month election period begins when you turn 65 or when you are no longer working after age 65.