- 1340 Hirschland Rd.
- Licensed in Indiana, Kentucky, Tennessee, South Carolina, Florida, Illinois
Looking for Group Health Insurance Call us today and we’ll get you the coverage you need at an affordable price.
Let us help your business attract and retain loyal, high performing employees by providing much-needed protection and peace of mind. In today’s competitive job market, many potential hires view group health plans as a significant benefit and will consider it when deciding between two otherwise comparable offers.
Investing in group health insurance is not only beneficial for employees–by keeping workers healthy and productive, companies can realize increased profits and competitiveness in the long run.
Let us help your business attract and retain loyal, high performing employees by providing much-needed protection and peace of mind. In today’s competitive job market, many potential hires view group health plans as a significant benefit and will consider it when deciding between two otherwise comparable offers.
Investing in group health insurance is not only beneficial for employees–by keeping workers healthy and productive, companies can realize increased profits and competitiveness in the long run.
Generally, owners are considered employees so if you have at least one employee in addition to yourself, you qualify for group plans in most states. Typically a partnership – even one without any employees – also qualifies for group plans because by definition a partnership has at least two partners, both of whom are “employees” of the company.
Employees are unique, so a good first step is to find out what they value most – from how much they’re willing to pay each month to which doctors and hospitals they want in their network. A simple poll can help you determine how the bulk of your employees feel.
Most plans today cover preventive care, so next, focus on the pros and cons of the three most common plan types:
Finally, expand your benefits mix – and satisfy more employees -- by offering dental, vision and life coverage. Employees often pay the full cost of these “voluntary benefits” but enjoy the advantage of group rates when offered through their workplace.
Employees value health insurance benefits. Studies have shown that employees rank the value of health insurance coverage second only to their compensation. By offering group health insurance benefits to your employees, you may find it easier to attract and retain the best workers for your company.
Additionally, there are various tax incentives available to you and your employees when you participate in a group health insurance plan. For example, businesses can generally deduct 100% of the premiums they pay on qualifying group health plans and, by offering group health insurance as part of a total compensation package, you may be able to reduce payroll taxes. Plus, your employees can pay their portion of the monthly insurance premium with pre-tax dollars. You must consider these incentives when determining the affordability of a health insurance plan for your company.
For employers who do offer health coverage but does not meet the minimum-value and affordability standards, the penalty is the lesser of: $3,000 per full-time employee who declined group coverage and receives subsidies via a state health marketplace, or $2,000 per full-time employee (minus the first 30).
The penalty is only “triggered” if at least one employee shops on the marketplace, and is eligible for a federal premium subsidy.
The fee does not apply if a dependent shops on the marketplace and receives a subsidy. Rules only apply to employee-only coverage.
For employers who have 50 or more employees and don’t offer health coverage, they will be required to pay a penalty of $2,000 per full-time employee (minus first 30 full-time employees).
When it comes to townhouse owners, renters, and those living in a condo association, there’s one thing that applies to them all - insurance. Whether you own your townhouse outright, rent it or live in one as part of a condo association, it’s important to have proper insurance coverage.
If you’re the owner, homeowners insurance is the way to go. However, if you are part of a condo association make sure you look into specially designed condo insurance for extra protection. If you’re renting the townhouse though, don’t forget about getting renters insurance for added peace of mind.
No matter which route you take when it comes to your townhome living arrangement, insurance is your best bet for reliable coverage and protection.
If you own the townhouse, the type of policy you need depends on whether your home is part of a condo association.
Condo associations have master insurance policies covering the building, common areas the residents share, and grounds. So, if something happens to the exterior of your home, the condo association may cover it. However, you're still responsible for everything that happens from the drywall in, and a homeowners policy for your townhome covers what your condo association doesn’t.
If your townhouse is solely yours and not part of a condo association, you’ll need a homeowners insurance policy to help protect your property. Home insurance for townhouses covers the same things that it would for a regular house, including:
You can add other coverages to supplement your homeowners policy that can help cover expenses associated with appliance breakdown, flooding or even identity theft. Learn more about what homeowners insurance can help protect.
If your townhouse isn’t part of a condo association and you’re renting it, renters insurance can help you protect your personal property in the event of an accident or theft. Renters insurance for a townhouse can help cover things like:
Even when you’re away from home, your renters insurance follows you wherever you go.
Condos and townhomes may seem similar, but they have a few key differences. A condominium is typically a living space or apartment-style space, that is owned by a condo association and has shared common space among residents that their condo association fees pay for. If a townhome isn’t owned by a condo association, it’s not a condo.
Townhomes are typically multi-story buildings that share at least one wall with another townhouse. They look a bit like row houses without easements between the buildings. They can be owned by a condo association, rented from a landlord or owned by individual homeowners.
Having condominium insurance is an effective way to ensure that your belongings inside your condominium are properly protected. Your condo insurance policy covers the interior walls, appliances, and personal property and valuables in your home, offering peace of mind against potential loss or damage due to theft, fire, or other hazards.
It will also provide you with protection should you ever be held responsible for another person’s injury or property damage - liability coverage is an invaluable investment if the costs associated with legal fees become too great to handle alone. Consider investing in condo insurance today for comprehensive protection inside and outside your residence.
Condominium insurance provides a significant level of protection that can help you be prepared in case of damage or loss. While the condo association might provide a master policy, it is important to consider what that policy does not cover.
Condo associations can have a "all-in", or a "single-unit" policy, which covers the fixtures inside your condo such as wiring, plumbing and carpets but may not cover your personal belongings. As well, a “bare walls-in” policy may offer limited coverage for some parts of your home and should be thoroughly reviewed if chosen by the association.
Supplementing the condo association’s master policy by purchasing condo insurance will ensure greater peace of mind about being covered for all scenarios.
When considering a condo policy and what it covers, it is important to be aware of the distinction between the responsibility of your condominium insurance policy and that of your condominium association's master or HOA policy.
While your condominium association's master or HOA policy will cover damage to the building and grounds, as well as external features, your condominium policy specifically needs to address coverage for your personal possessions and appliances, as well as fixtures and other attached features in your individual unit.
In an unexpected covered loss, such as a burglary or fire, you would need to file an insurance claim with both the condominium association's insurance company (if applicable), as well as your own. So don't overlook any details – make sure that you are adequately protected with an appropriate insurance policy.
When in doubt, just consult with us. We will work with you and assist you with the claims process.
When looking for ways to ensure you are protected from theft, fire damage, or liability claims, condo insurance is the key. Condo association coverage only takes care of the exterior of your condominium. On the other hand, condo insurance will cover your interior and possessions from harm, as well as provide protection in case of a lawsuit against you if you are found liable for damaging someone else's property or injuring them while in your condo.
It is critical to consider the amount of coverage you may need in order to protect yourself against financial liabilities that could arise from libel or slander charges, or other legal cases related to bodily injury. Investing wisely in condo insurance could save you a great deal of hassle and expense down the line.
Many condominium owners understand that they can’t deduct their insurance premiums from their taxes. However, there are certain exceptions to be aware of that allow you to potentially gain some tax benefit.
For instance, if you rent out the condo or operate a business from it, you can generally depreciate a portion of the premium you pay for your condo or landlord insurance policy. By taking advantage of these rules, condo owners have the opportunity to make their living spaces more cost effective and efficient in terms of taxation.