To install group benefits, a company needs at least one W-2 employee. Even if this employee doesn’t participate, owner/partners can gain insurance through his/her company.
Why offer insurance through your company?
It Saves You Money: Group rates are usually cheaper, even for the owners.
It’s a Tax Write-off. Unlike individual insurance, every dollar paid by the company toward an ERISA-qualified benefits plan is considered a normal business expense.
You’ll Attract and Retain Employees. Statistics show that employers who offer benefits are more likely to keep top talent longer when providing medical benefits.
Here’s what it involves:
Submit acensus listing employee names, their dates of birth and residential zip code(s)
Choose the company’s financialcontribution
For Group insurance, it’s either:
A Fixed $ amount above $100/month per participant*
Or a Percentage % of the cost of the insurance
For Everwell’s Zero-Contribution plan,
You can choose a Fixed $ contribution of any amount per month
b. Or you can choose no $0 contribution, and simply allow employees access on a voluntary basis!
Then what happens?
We launch the Enrollment System or schedule Live-Enrollment at your worksite
We show you a Proposal
We agree the Rates look good enough for the employees that we expect to meet minimum participation (Note: We’ll need to get every eligible employee to respond, regardless of their intent to enroll or waive. A signature or e-signature is required.
Enrollment will be completed within an agreed-upon time frame