Jim, Major medical carriers typically require two employees as a minimum to form a small group. Beyond that, it is entirely up to the company to decide what level of benefit they would like to offer to employees. thanks for the question, I'm sure we could talk about this at length. Give us a call and we will set up an appointment.  [less]

Colonial Life is an insurance carrier and as such developes, administers, markets and sells products that enhance employee benefits such as major medical insurance. Colonial provides coverage for disability, expenses not covered by major medicali insurance, and life insurance for individuals and groups through their employers payroll deduction plan that offers some tax advantages for both the employee and employer. Because the benefits are limited in scope the costs are very inexpensive (accident plans start as low as $18.00 a month) and can provide money to help with deductibles or lost time at work due to a covered accident or illness. Call us and we will explain more, thank you for the question.  [less]

Rebecca, Thank you for taking the time to ask. Your bank and the local tenants advocacy group are better prepared to answer these questions.

Many factors influence the cost of health insurance. Primarily, the risk that the carrier takes when covering any individual or group. In your employer sponsored group the risk is spread over the group or a pool of groups with similar characteristics. Individuals are subject to evaluation on themselves only and may be a higher risk thereby increasing the cost of insurance. A health insurance agent or benefits counselor can give you more detail.  [less]

There are 4 account types; Premium Only Plans, Medical Reimbursement, Dependent Care Reimbursement and Personal Policy accounts..

Section 125 of the Internal Revenue code is a provision that allows employees to pay their share of the cost of certain insurance benefits, unreimbursed medical expenses and dependent care expenses with pre-tax earnings. Depending on the structure of your particular plan, money is removed from your earnings before Federal Income; State Income and Social Security taxes are applied. The effect is lower taxable income for the employee and lower matching contributions for the employer. Use of this type of plan results in significant tax savings and often means higher take-home pay.  [less]