We can help convert your traditional group insurance to a flexible Consumer Driven Health Plan:   Step 1. Request a customized proposal and use our online resources and free OnlineAdviser e-mail support to answer pre-sale questions. Step 2. Schedule a discussion for design and planning a health plan that best fits your business. (Fee $375*) There s no fee if we are unable to offer an appropriate plan or we suggest a different approach). Step 2. We prepare the required employee benefit plan documents to your specifications and handle employee notifications. (Fee $150) Step 3. Employees enroll in the insurance and benefits of their choice. There are no limits on the number or range of insurance options available in a health plan. Personal OnlineAdviser support is available to each employee to answer questions. (Setup fee $15 per employee) Step 4 (Optional) If health expense  reimbursement is desired outside of insurance, we collect claims and issue required summary payroll report. (Fee $375 per quarter) Step 5 (Optional) We set up an automated health claim processing system with direct deposit of claim reimbursements into each employee's bank account. (Setup fee $20 per employee. No ongoing fees) Step 6 We prepare necessary year end tax filings and plan disclosures and get ready for enrollment for the next year. (Fee varies but usually under $375). * This is an estimate or average charge. Specific pricing will be listed on the plan proposal. A full-feature small business health plan can be started in less than a week for a cost well under $1000.   Small business health plans Businesses of all sizes are looking forward to the scheduled 2014 launch of the fully operational national health insurance exchange that will allow employees to select their own employer-provided health plan without any effort on the part of the employer. Until then, we can mimmick the same design by combining different types of health insurance with consumer-driven options like Health Reimbursement Arrangements and Health Savings Accounts into a single employer-sponsored health plan. These customized beenfit plans can raise employee satisfaction while controlling employer cost. Our small business health plans allows the employer to specify their financial contribution to employee health benefits first and then allows employees to choose any combination of benefits or insurance that best suits their own needs. Employees may change selections as often as allowed by law or the insurance plan, Combined with professional support for employees and automatically generated compliance reports for the business, this is essentially a turn-key health plans as enjoyed by much larger firms with a large employee benefit department. We serve clients ranging from part time consultants to firms with significant personnel and payroll challenges. Health Maintenance Arrangements (HMO) Preferred Provider Arrangements (PPO) Health Reimbursement Arrangements (HRA) Health Savings Accounts HSA) Flexible Spending Accounts (FSA) Premium Only Plan (POP) Section 125 Cafeteria Benefit Plans Sole proprietor plans Enjoy all of the tax benefits of larger group health plans regardless of the size of the business.  Members are eligible for all applicable federal subsidies and tax credits. Health benefits are fully portable to the extend allowed by law. Any combination of insurance and uninsured direct reimbursement is available to every plan participant. To request a proposal worksheet, please e-mail Tony Novak at onlineadviser@freedombenefits.net with your basic business card information.

 

 Opinions expressed are the sole responsibility of the author and do not necessarily represent the opinion of Freedom Benefits Assocaition or any other person, company or entity mentioned. Information is from sources believed to be true, but cannot be guaranteed.