As a business owner your top priority is your company’s productivity
Productivity = Profit, and profit is necessary for company growth. To accomplish this you need the best employees available.
There are two ways to attract a high quality employee: a good salary and a five star and inclusive insurance package. By adding a top quality insurance package to your benefits like vacation and sick pay, retirement savings, and other perks, you establish a impressive package that will help you attract and retain quality employees. You never want quality employees to leave because of a better offer.
Two things are true, potential employees have turned down higher pay for an outstanding benefit package, and a top reason employees leave comes from a better offer at another company. Thats why your investment in your employees shows them that you truly care about them. Happy employees have higher production and workplace participation. It also incentivizes them to output high quality work.
Our agents can help you design an insurance package with diverse coverage. If you currently have insurance options we can help you fill gaps. Our policies can be paid by the company 100% (non-contributory), or pay a percentage of the policies with the employee (contributory), and we can also help you establish a package that gives tax savings as it qualifies for Section 125; which is paid 100% by the employee. This not only saves the employee taxes, it also saves the employer on taxes because benefits are paid with pre-tax dollars for qualified options.
Group Participation
In Florida, to qualify for group rates you must have (2) W-2 working full time. One employee can be the business owner. If you choose to create a non-contributory plan 100% of all eligible employees must be included. If you choose contributory 75% of all qualified employees must participate. As a payroll deduction that pays 100% of the package there are no minimums, but we must be able to offer it to all employees that are eligible even if they don’t purchase.
We Help Businesses that Have High Turnover
Businesses with high employee turnover like the food industry can establish a benefit package through our agency. We can offer plans that each employee can purchase or decline, those benefits are payroll deduction and they are 100% portable should they leave or find themselves fired. By offering the plans, the employee will enjoy group rates but on an individual basis.