By Lee Allphin, Employer Advantage Founder and Chairman of the Board
With unemployment at the lowest it’s been in decades, attracting and retaining employees in today’s environment has become increasingly hard. This has put an ever-increasing pressure on businesses to offer competitive benefits. Employees increasingly consider the size and quality of their benefits when making decisions about accepting a new job or staying with their current employer. Benefits, therefore, have become a key strategic tool for attracting and retaining the talent that could propel your company’s success.
SMALL COMPANIES OFFERING BIG BENEFITS
Small to mid-sized businesses (SMBs) have limited negotiating power with insurance and other benefit providers, meaning that they often have to pay high amounts for mediocre benefits. In a very small group, one sick person with high claims could impact the entire insurance plan, causing an employer’s rates to skyrocket.
Employer Advantage’s master health plan allows business owners to overcome this challenge. Our large group plan allows the risk to be spread over a larger plan, which generally means lower rates to cover the group. Our plan also gives access to plan designs and rate structures that are normally only available to large organizations.
We offer our health insurance plan to full-service clients that have at least 5 employees and strong employee participation. Our plan is fully insured by UnitedHealthcare, and comes with a variety of different plans and deductible options to fit the needs of client employees. Our goal is to help clients reduce costs and get better benefits for each dollar they spend.
PROCESS TO JOIN THE PLAN
We keep costs in the plan low by individually underwriting each client. Our team helps each Employer Advantage client to select the plan that will best meet their needs. Once a plan design is selected, our team also oversees employee enrollment and provides seamless administration for employees. We’ll also keep an eye on your bills from the insurance carriers to make sure you’re being charged the appropriate amounts. Doesn’t that sound easy?
In the event a company doesn’t qualify for our plan, we can provide health insurance through one of our trusted broker partners. Employer Advantage’s benefits experts work with you to get a health plan in place that balances benefits and cost for your company. Once you have a plan in place, you will enjoy the same seamless administration as those on our plan, ensuring your plan runs smoothly and correctly.
STAY ACA COMPLIANT
The Affordable Care Act (ACA) has left many businesses with big questions about what plans meet legal requirements. There have been multiple legal rulings and policy changes since ACA was passed that impact how to comply with this law. And did you know that the Health Insurance Portability and Accountability Act (HIPAA) also requires you to do certain things when it comes to health insurance? We can take care of all of this for you.
MAKE YOU MORE SUCCESSFUL
Ultimately, we want to reduce the cost of benefits and their administration, help your employees get benefits they love, and make your company more successful because you have a healthy and talented workforce. As the cost and complexity of benefits increases, let us take the burden off you.
Want to learn more about Employer Advantage’s health insurance and other benefit options?
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About Employer Advantage
A New Path to HR Bliss – Trusted for more than 25 years, Employer Advantage frees you from the administrative and compliance burdens of having employees so you can focus on what you do best: helping your business succeed. From energetic entrepreneurs to large corporations, we create a tailored and strategic approach to fit your individual needs and company culture. Our suite of services includes payroll, employment taxes, health and benefits, retirement, human resources, employee manuals, safety, workers’ compensation, OSHA, DOT, and more…
More than just a slick software solution, our dedicated service teams save you time and money while providing your employees with top-notch assistance and benefits. We enhance your profitability while reducing the costs associated with employment laws and the often-significant penalties for the failure to comply with them. Learn More: www.EmployerAdvantage.com