An intelligent, cost saving approach to employee benefits.
With more than 40 years of experience, our benefit consultants’ expertise spans the entire spectrum of group health employee benefits. From analysis to implementation to annual renewals, we follow through providing ongoing service and resources that save our clients money and keep their group health plans and other benefits programs running at optimal speed, while remaining compliant.
Here’s how we do it.
Educated decisions. Initially, and each year at renewal, we’ll perform a thorough review of your needs and current benefit offering. This includes understanding your company culture, benefit usage and overall goals. By utilizing market analysis, benchmarking and claims information, we help clients find the best benefit solutions that best fit their needs and budget.
Strong relationships. As a well regarded and established insurance agency, we’re able to negotiate, on our client’s behalf, the best possible rates and services from our carriers and vendors. And, while we work with multiple top carriers, you can be assured we work for you, our client.
Workplace Wellness. We integrate wellness into our benefit programs, a strategy proven by numerous national studies to save both employers and employees on premiums and healthcare cost. Studies have also shown that workplace wellness increases productivity and employee satisfaction. Click here for more on our Workplace Wellness services.
Voluntary Benefits. Offering voluntary benefits is another strategy proven to increase employee satisfaction while reducing employer costs. That’s because employees feel more secure with access to affordable coverage that extends beyond traditional group coverage. Click here for more on our rich variety of voluntary benefits.
Industry Resources & Technology. We provide HR technology, compliance expertise and resources to our clients that are over and above the insurance quote! Click here to learn about HR360, an online compliance library we afford our clients. Click here to learn more about Employee Navigator, our online benefits portal that simplifies the benefit management process for both the employer and employee.
REQUEST QUOTE
If you would like more information on our services, or consult and quote, please fill our our quote form below and we will contact shortly.
Traditional Group Health Plans
Group Health
A Health Maintenance Organization (HMO)
An HMO group health plan requires group members to obtain their health care services from doctors and hospitals affiliated with the HMO. Thus, members are required to designate a primary care physician within the HMO. Then, the primary care physician treats and directs health care decisions. In addition, the primary care physician coordinates referrals to specialties within the HMO network. HMOs offer access to a comprehensive package of covered health care services in return for a prepaid monthly amount (or “premium”). Accordingly, most HMOs charge a small co-payment depending upon the type of service provided.
Preferred Provider Organization (PPO)
You you belong to a PPO group health plan, you will save the most money on healthcare if they use providers within their network. Thus, if providers outside of the network are used, it is possible that those services may not be covered at all. Deductibles must be met on this plan before some services will be covered. PPOs require a co-pay for physician visits.
Health Savings Account (HSA)
An HSA combines a high deductible, lower premium group health insurance plan (PPO) with a savings account. Both employer and employee can contribute, tax-free, to the savings account. Then, the account is used to help fund the deductible and other qualified medical expenses. Once the deductible is met, the insurance starts paying.
Health Reimbursement Account (HRA)
An HRA combines high deductible,low premium health insurance plan with a tax favored savings account. Employers contribute to the savings account. Then, the account can be used to fund co-pays and other qualified expenses, prior to the deductible being met.
Single, Dual or Triple Option Plans offer eligible employees a choice between several different types of plans as described above.
Through our thorough analysis and plan design process, we can help you determine which traditional health plan is right for your company.
For a quote call 814-724-1516 or click here.
Small Business Health Options Program (SHOP)
SHOP Small Business Group Health Options Program
When you purchase your group health benefits through SHOP, we can help you obtain the small business tax credit available to eligible employers through the Federal Marketplace. This program is known as SHOP (Small Business Health Options Program). Eligible employers may have their group health premiums reduced by as much as 50%. To be eligible, you must cover at least 50 percent of the cost of employee-only (not family or dependent) health care coverage for each of your employees. You must also have fewer than 25 full-time equivalent employees (FTEs). Those employees must have average wages of less than $50,000 (as adjusted for inflation beginning in 2014) per year.
We suggest you use our Business Tax Calculator to find out if you qualify. Thus, those who qualify will be able to purchase traditional group health plans through SHOP.
For a quote call 814-724-1516 or click here.
Self Funded Health Plans
Self Funded Health Plans
When employers self-fund their own group health plan, they will benefit from a significant savings in the overall cost of their benefit programs. Examples of savings may be in premiums, increased cash flow, tax advantages in addition to having more control over the benefits that the plan offers. In the past, self-funding was not available to small employers. However, today self-insured group health plans are considered to be good options for both small and large employers.
The experienced benefit consultants at the djb group specialize in helping employers set up and maintain self-funded health plans. Accordingly, we would be happy to give you a no cost analysis to determine if a self-funded health plan option is right for your company.
How self funding works.
A self-funded group health plan requires the employer to become the insurer. Most often, employers will partner with a PPO to provide services for the plan. Then, a third party administrator (a TPA) is engaged to handle claims and processing. Self-insured employers run the risk of large catastrophic claims. As a result, they will purchase stop-loss insurance to protect them in such an event. Even with the additional expense of stop-loss insurance, employers can enjoy saving thousands in premiums and other advantages.
For a quote call 814-724-1516 or click here.
Premium Only Plans (POPS)
Premium Only Plans (POPS)
A Premium-Only Plan allows employees to purchase their own individual insurance with pre-tax dollars. Thus, employees can potentially save thousands annually in taxes and premiums combined.
How does a POP work?
Employees elect a set amount of pre-tax dollars to be deducted from each payroll. The employee purchases an individual health insurance policy from a carrier of their choice. Accordingly, the employee is responsible responsible for paying the monthly premiums directly to the carrier. The employee is then reimbursed by the employer for the monthly premium with the pre-taxed dollars. After a thorough plan analysis, we can help you determine if a POP program would benefit you and your employees.
For a quote call 814-724-1516 or click here.
Shared Funding Health Plans
Shared Funding Plans
Shared Funding Plans allow small employers to take advantages of all the cost saving and benefit design features of a self-insured plan. These plans are typically designed for larger groups. However, any small or large group could benefit greatly by the cost saving opportunities of a shared funding plan.
Here’s how it works.
An employer will select any of the fully insured plans that the carrier offers. And, rates will be determined by the group’s claim history. Then, stop-loss insurance is added to protect against catastrophic claims. Just like with an insured plan, the carrier will handle the administration of the plan. This includes processing claims, in addition to offering members online access to their benefits.
Advantages of Shared Funding
The premiums for shared funding plans are generally much lower than fully insured plans. That is because the employer shares some of the risk. Additionally, an employer may save even more by implementing wellness programs into the benefit programs. Our thorough plan analysis will help you determine if shared-funding is right for your company.
For a quote call 814-724-1516 or click here.
Group Dental and Vision Plans
Dental and Vision Plans
Employees always appreciate both dental & vision coverage as part of their Employee Benefits Package. the djb group offers individual, group or voluntary Dental and Vision Plans through many of our major insurance carriers. Accordingly, you will find detailed information on the benefits of Dental and Vision plans.
Dental Plans
Studies have shown that regular dental exams help employees to stay healthier and more productive in the work place. Additionally, you can detect serious underlying conditions such as heart disease and diabetes, through regular dental exams. In fact, the National Association of Dental Plans and the Centers for Disease Control have performed studies that show that employees with dental insurance have better attitudes and are less likely to suffer from depression, a common condition in today’s fast-paced world.
Dental insurance offers a variety of diagnostic, preventative care and corrective services. This includes cleanings, exams, x-rays, fillings, root canals, orthodontia for children, and emergency care while traveling.
Vision Plans
Similar to dental policies, vision plans are inexpensive and save employees money on routine eye care. Examples of care include exams, eyeglass frames and lenses, contacts, and even discounts on procedures like LASIK. Also, monitoring your eye health with regular exams helps to prevent serious eye diseases like glaucoma and cataracts. In addition, regular eye exams help to detect early stages of diabetes, high blood pressure, and high cholesterol.
For a quote call 814-724-1516 or click here.
Group Life Insurance
Life Insurance
Employees are more productive when they feel secure that their loved ones will be taken care of, in the event of illness or an untimely death. Thus, you should consider life insurance a key part of the benefit package for your employees. And, also a valuable tool in attracting top talent.
Whether employer paid or voluntary, a good life insurance policy provides for an employee’s final expenses, taxes, and mortgage. Additionally, it may even pay for their children’s education.
Accordingly, the djb group can help employers protect their employees and their employees’ families with a variety of different life insurance products.
Permanent Life Insurance
This type of life insurance builds cash value which is sometimes used as collateral for loans, if needed. However, most employers only offer basic term life insurance (see below), but also offer permanent life insurance on a voluntary basis. Even so, employees appreciate the opportunity to widen their safety net.
Term Policy
This type of life insurance does not build cash value. However, it will pay a set amount to the named beneficiary upon the death of insured within the stated term. Additionally, some policies may also make payments upon terminal or critical illness.
For a quote call 814-724-1516 or click here.
Group Long Term Care Insurance
Long Term Care Insurance
Group Long-Term Care plans are becoming an increasingly common voluntary benefit offered by employers today. The prospect of long-term care is one of the most important issues your employees may have to face. The cost of long-term care is expensive and generally isn’t covered by other employee benefits, disability or even Medicare.
If someone requires long-term care, it is not just an emotional strain but a financial one as well. It could also impact an employee’s retirement savings and overall financial position..
Savvy employers know that access to additional resources can increase employee productivity when confronted with managing long-term care situations. Long-Term Care plans demonstrate to your current and prospective employees that your company cares about them. Thus, you also increase your ability to attract and retain the very best talent.
LTC plans provide benefits for care through nursing homes, assisted living centers, home health care and adult day care.
Employers can provide a base benefit while giving the employees the opportunity to buy up the policy. Thus, they can obtain the level of coverage that they need for their families.
For a quote call 814-724-1516 or click here.
Group Disability Insurance
Disability Insurance
Disability Insurance
National surveys have shown that Short Term Disability and Long Term Disability remain of high importance for most employees. Savvy employers attract and retain top talent by offering both STD and LTD insurance as part of the employer paid benefit package or as a voluntary (worksite) benefit. Here’s how Disability plans typically work.
Short Term Disability
During the time an employee is unable to work due to a qualifying disability (illness or injury), STD generally allows for income payments to the employee to begin after about a two-week waiting period and will continue to pay the employee until he/she recovers or maxes out the benefits–usually anywhere between one month to two years, depending on the policy.
Long Term Disability
During the time an employee is unable to work due to a qualifying disability (illness or injury), LTD generally allows for income payments to the employee to begin after about a 90-day waiting period. However, it could be much longer depending on the policy. The policy will pay the employee far longer than STD–for a few years, up to age 65, or even for life.