How to get a Group Health Quote
Obtaining a group benefits
insurance quote in California has never been easier. Integrity Now Insurance Brokers is
able to provide you with a group health quote after you provide some basic
information about your company and your employees. You will need to
provide a census about your current group health plan and your employees and we
will do the rest. It is really that easy to obtain a quote from multiple
insurance carriers. Call us and find out how we can help service your company.
Why should I work with an Insurance Agent?
Working with an Independent
Insurance Agent provides many benefits - most importantly convenience!
There is nothing like a one-stop shopping for a busy company. Instead of
having to call every carrier yourself, waiting endlessly and being transferred
numerous times, all you have to do is make one call to Integrity Now Insurance
Brokers and we will do all of the work for you. We will streamline the
process for you giving you access to all of the carriers and we do this at no
additional cost to you. The carriers provide you with the same quote no
matter if you use us or you do all of the work yourself. Plus by using
Integrity Now Insurance Brokers we help you select from the hundred of plans
that are available to you. In addition we can assist you in structuring a
Group Benefits Health plan that could end up saving you thousands each year.
What employee group benefits can be included?
- Health Insurance
- Workers Compensation
- Dental Insurance
- Vision
- Short Term Disability
- Long Term Disability
- Company Sponsored Life Insurance
- Chiropractor coverage
- Voluntary insurance products
No matter what size and type of business you are, Integrity Now Insurance Brokers can help you create an incentive program for your business and help you recruit a higher quality employee by offering your employees a full range of comprehensive group benefits. If your company is considered a small group (2-50) or a large group (51+) we are here to help you with all of your needs. There is no carrier that we don't have access to in California.
We also have access to an employee benefit program that allows your employees to select a program from multiple insurance carriers. The employer is able to set the amount you are willing to pay each month ($550 per employee) and you enable your employees to pick their plan based on their needs. You are happy because you stay in your budget and the employees are happy because they are able to select the best plan for them, even if this means it cost them additional money for the needed plan.
Contact us today for a free no obligation quote for your California group benefits plan and get your business on the right track for success!
Do you have other insurance needs in addition to Group Health Insurance. Integrity Now Insurance Brokers can also help you in this area as well. Please visit our main website at
www.integritynowins.com and we will be more then happy to help secure a General Liability, Workers Compensation, or Commercial Auto quote for you as well. Call us today (562) 606-1030.
Health Care Reform Act
Following is a breakdown by year of what changes that are to be expected:
2010
Effective for calendar year 2010, this tax credit is designed to
encourage small businesses to offer health care coverage for the first
time or to help them maintain the coverage they already have. In 2010,
the maximum credit is 35% of employer-paid premiums. For tax-exempt
organizations, the maximum is 25% of employer-paid premiums. In 2014,
the maximum increases to 50% of employer-paid premiums. For tax-exempt
organizations, it increases to 35% of employer-paid premiums. To qualify
for the credit, a group must employ not more than 25 employees, and the
average annual compensation of those employees cannot exceed $50,000.
Early retiree reinsurance program: $5 billion has been set aside to help
employers continue to provide coverage to certain retirees. The
employer can be reimbursed up to 80% for an early retiree claim, between
$15,000 and $90,000. The proceeds will help lower health care costs
(such as premium contributions, copays and deductibles) for enrollees.
Self-funded and fully insured groups are eligible. This is a temporary
program, ending in 2014 or when the funds are exhausted -- whichever
comes first.
Small group employers that establish wellness programs can receive
grants for up to five years. This is effective for Fiscal Years 2011 to
2015, so it technically starts in 2010.
2011
Account holders will stop receiving pre-tax reimbursements from their
FSA, HRA or HSA for non-prescribed, over-the-counter medications.
The excise tax for non-qualified HSA withdrawals will increase from 10% to 20%
Employers must start reporting the value of the employer-sponsored
coverage on their employees' W-2s. However, employees are not taxed on
this amount. This reporting requirement is voluntary in 2011, and
becomes mandatory in 2012.
Employers will automatically enroll employees into the Community Living
Assistance Services and Supports long-term care program. Employees may
opt out. More guidance to come
2012
Uniform explanation of coverage
Pre-enrollment document sent explaining benefits and exclusions
60-day notice for material modifications, if not provided in uniform explanation of coverage
2013
Employers will need to start telling employees about exchanges, premium subsidies and free choice vouchers
Employee contributions for FSAs will be capped at $2,500 annually, with the cap adjusted annually to the Consumer Price Index.
Employers with self-funded health care plans will start paying a fee to
fund a comparative effectiveness research agency. If the health care
plan is fully insured, the health insurer will be assessed this fee.
This charge will be $1 times the average number of covered lives. In
2014, it will be $2 times the average number of covered lives. The fee
ends on September 30, 2019. This is based on Fiscal Year 2013, which
starts in 2012.
2014
Individual mandate
There will be separate state-based exchanges for individuals (American
Health Benefit Exchanges) and for small groups (Small Business Health
Options Program or SHOP). At this time, small group employer tax credits
will only be available through the exchange.
Small employer tax credits available only in exchange
Employers will have to allow for the use of free choice vouchers if the
employee's premium cost sharing is between 8% and 9.8% of his or her
household income. The voucher is paid by the employer and goes toward
the cost of coverage through the exchange.
Elimination of health status rating and other rating factors if used by an insurer
Small group will be redefined from 2-50 to 1-100. (States may defer the implementation of the increase to 100 until 2016.)
Employers with 50 or more full-time employees will be required to offer
minimum essential coverage. This coverage must have a 60% actuarial
value minimum. (Basically, this means the plan covers at least 60% of
covered health care costs.) Employers will be subject to penalties if
they provide no health coverage to full-time employees or provide
coverage that is not "affordable." These penalties will range from
$2,000 to $3,000 per employee.
HIPAA nondiscrimination rules on wellness programs
The law codifies the HIPAA nondiscrimination rules on wellness programs
and increases the incentive cap to 30% of the premium. The cap can
increase to 50% at the discretion of the HHS secretary.
A new fee will be built into the cost of fully insured coverage.
Group health plans cannot require waiting periods for coverage of more than 90 days.
Effective for tax years beginning after December 31, 2013, employers will be required to annually report information, such as:
*Whether minimum essential coverage is offered to full time employees
*Any waiting periods for health coverage
*The monthly premium for the lowest cost option in each enrollment category under the plan
*The employer's share of the total allowed cots of benefits provided under the plan
*Number of full-time employees during each month
*Name
address and taxpayer identification number (or Social Security number)
of each full-time employee, and the months each employee was covered
under the employer's plan
*Other information that HHS may require (which will likely be refined in later regulations)
2018
There will be a 40% excise tax on high-cost plans -- also known as
"Cadillac" plans -- that cost more than $10,200 for single coverage or
$27,500 for family coverage. The insurer or employer will be responsible
for the tax.
Will your company be ready for all of these changes? Integrity Now Insurance Brokers will help you navigate through all of these challenges. Contact us today.
Integrity Now Insurance Brokers, Inc. is a multi-line insurance agency,
providing personalized insurance coverage for families and businesses,
throughout Orange County, California, Riverside County, California, San
Bernardino County, California and the cities of Orange, Santa Ana, Anaheim,
Garden Grove and Fullerton, Riverside, Huntington Beach, Long Beach, Downey,
Carson, Brea, Agroua Hills, Pasadena, San Diego, Costa Mesa, Irvine, Corona,
Cypress, Newport Beach, San Jose, Anaheim, Chula Vista, Fontana, Glendale, Santa
Clarita, Oceanside, Ontario, Rancho Cucamonga, Pomona, Torrance, West Covina,
Norwalk, Carlsbad, Burbank, Temecula, El Cajon, South Gate, Vista, Mission
Viejo, Westminster, Whittier, San Marcos, Lakewood, Lake Forest,...
