Small Employer benefits
At Impact Beneficial Employee Health Matters
We understand being a small employer because we are one! When you trust Impact Beneficial to take care of your employee’s benefits, we deliver the same services and attention to your company as we would to the large clients. We believe you need the same expertise, sophistication, and tools that the large companies use. That’s why we will deploy the same services, tools, and tech for your team that large companies use to run their HR and administer benefits. Let us create a benefits package for you that will beat the larger firms you compete with, without raising your costs. We love seeing our small employers take full advantage of what was previously only accessible to large employers.
With our experience and industry knowledge we will construct the best possible set up for your health insurance. We will look at alternative funding methods, innovative insurance carriers, and networks to get the most out of your benefit dollars.
DENTALWe have access to new dental insurance carriers with incredible benefits, typically at the same or lower cost than what you are currently paying. We can also help you source affordable orthodontia care. There are lots of positive changes going on in the dental market.
VisionThese plans function similarly to a medical plan. A premium is paid and the insurance company will cover all or part of the cost for vision care. This will also typically include coverage for eye exams, frames, lenses, and contact lenses. Some plans can also cover other services like laser vision care.
A common form of supplemental insurance. We can help you get group accident plans at reduced rates. These can be offered on a voluntary basis, allowing employees to choose what works for them. These plans pay out set amounts that are triggered by a list of common accidents.
HEALTH REIMBURSEMENT ACCOUNT
Commonly offered with a High Deductible Health Plan. These are funded solely by the employer. Funds are used to reimburse employees for healthcare expenses. When combined with a HDHP, this can result in lower premiums.
We have proprietary group life insurance options with decreased cost, lower participation requirements, and increased guaranteed issue, making more life insurance available for the cost. This is great for those who could not have qualified individually because of health and or price.
CAFETERIA PLANS(125 Plan) An easy-to-use, affordable employee benefit that helps lessen the strain of health and dependent care expenses for employees while providing tax savings to the company.
PREMIUM ONLY PLAN
The most basic type of Section 125 plan and the most popular. A Premium Only Plan allows employees to pay their portion of insurance premiums with pre-tax dollars, which in turn reduces both the employer’s and employees’ tax liability. Benefits that are typically offered within a Premium Only Plan include health, dental, vision, accidental death and dismemberment, and group term life insurance.
These plans pay out in addition to the group benefits. They are a means of receiving extra funds during tough times. We can help you offer a suite of these as voluntary or employer-paid to round out your benefits offering.
CANCER PLANSThis is the most common form of a supplemental insurance policy. Cancer policies pay on an occurrence basis for the expenses related to cancer. Most notably, cancer policies pay amounts toward experimental treatments and travel expenses, often not covered in group medical plans.
HEALTH SAVINGS ACCOUNTSHealth savings accounts (HSAs) are a growing trend in health care. An HSA is a tax-exempt savings account established to pay for qualified medical expenses. Contributions, interest, other earnings that accumulate, and amounts distributed from an HSA are all tax-free.
These are insurance policies that can pay for a short or long period of time. They can be set up to cover less serious or more critical matters. If you already have Short Term and Long Term disability in place, we can help you make sure you are getting the best deal and that there are no time gaps in coverage so your policies work in hand in hand.