Call Us 212-786-2018 ☰ ˟
  • HOME
  • GET A QUOTE
    • Personal Line Insurance
    • Commercial Insurance
    • Life Insurance
  • Top Products
    • Automobile
    • Business & Commercial
    • Condos and Co-ops
    • Cyber Liability
    • Entertainment & Media
    • EPLI Insurance
    • High Value Homes
    • Life
    • Property Insurance
    • Restaurant
  • MAKE A PAYMENT
  • RESOURCES
    • Refer a Friend
    • Insurance Carriers
    • Insurance Glossary
  • ABOUT US
    • About KJE Insurance Services
    • Employee Directory
    • Location Map
    • Privacy Policy
    • Testimonials
    • Service Areas
  • Blog
Logo NYC (212)786-2018 Long Island (516)252-1877
Business
Homeowners
Automobile
Restaurant

Group Employee Benefits

As a small business owner, a strong group employee benefits plan can help you attract and retain talented employees. In addition to contributing to employee health and wellness, businesses that offer comprehensive group benefits plans may appear more desirable than companies that provide higher-paying jobs with no benefits.

Our experienced agents are here to help you find the best group insurance plan for your business. Contact Diamond Insurance Agency to speak to an insurance agent today.

What Are Group Employee Benefits?

Group employee benefits allow your employees to join your chosen coverage plans. Small businesses share the cost of group benefits premiums with their employees to offer benefits plans with a variety of protections, including:

·        Health insurance

·        Retirement plans

·        Life insurance

·        Paid time off

·        Dental insurance

·        Disability insurance

·        Vision insurance

·        Employee stock options

·        Financial wellness programs

When deciding which group insurance plan is right for your small business, you must keep your employees’ needs in mind. It can be helpful to consider your workforce demographics and any other key characteristics of business operations.

Let us help you find the right coverage for your business and employees. Contact Diamond Insurance Group for more information on our group benefits coverage plans.

How Does Group Insurance Work?

Typically, insurers will require at least a 70% buy-in from employees to provide group benefits. This is because insuring a larger group of people spreads out the insurance company’s risk, allowing them to offer lower premiums than they can on individual policies. Employees are usually able to add spouses or dependents to their insurance policies.

In addition to benefiting employees and their families, your small business may experience tax benefits from purchasing a group benefits policy.

How Many People Make a Group?

If you own a small business, you’re probably wondering if you have enough employees to qualify for a group insurance plan. Under the Affordable Care Act (ACA), all businesses with fifty or more employees must provide health insurance to full-time employees and their dependents or pay a fee. Smaller businesses that wish to provide group benefits to their employees can qualify for health insurance if they meet the following requisites:

·        They have at least one employee on payroll.

·        The business pays payroll taxes.

Businesses with fewer than 25 full-time employees may also be eligible for small business healthcare tax credit benefits. Visit the IRS webpage to learn if your small business will qualify for tax credits when you enroll in a group benefits plan.

How Do I Get Group Benefits Insurance?

Employers who keep their employees happy and healthy are less likely to experience high employee turnover. Offering the right group benefits plan for your employees is crucial for attracting and maintaining a robust workforce. Contact Diamond Insurance Agency today for a free group benefits quote.

Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Mission Statement

We are committed to helping you manage the risks that arise in everyday life. If the unexpected strikes, we will do everything we can to help you recover your quality of life as soon as possible. We are guided by highest standards of integrity and professionalism so you can be sure that our recommendations will help you obtain the best insurance coverage for your unique circumstances, in the right amount and at a price that fits your budget.


5 Penn Plaza, 23rd Floor
New York, NY 10001

Phone: 212-786-2018
Email: info@kjeinsurance.com
Click here to set up an appointment


Social Social icon Social
Home Get A Quote Blog About Us Contact Us

Powered by Insurance Website Builder
//