Are you searching for a comprehensive health insurance package for your employees? Medical and dental coverage ensures that your employees healthcare needs are met, enabling them to stay healthy and be productive workers. Under the Affordable Care Act (ACA), businesses aren’t required to provide employer-sponsored group benefits if they have less than 100 employees. However, if they do provide coverage, they could be eligible for a significant tax credit. Likewise, being an employer of choice is critical to the success of your small business. In Maine, offering comprehensive employee benefits helps attract qualified applicants and solidify your reputation as a desirable employer. There are many different benefits package options to consider, such as:
- Health Insurance
- Dental Insurance
- Vision Insurance
- Disability Insurance
Additionally, the following supplemental policies give your employees the flexibility to manage their medical bills:
Health Reimbursement Account (HRA)
Approved by the IRS, this employer-funded program helps reimburse employees for out-of-pocket medical expenses.
Health Savings Account (HSA)
If your employees are enrolled in a high-deductible healthcare plan (HDHP), an HSA allows them to set money aside, pre-taxed, to use for approved medical expenses. This money will roll over from one year to the next.
Flexible Spending Account (FSA)
Similar to an HSA, an FSA allows employees to set money aside for approved medical expenses. However, an FSA is utilized by employees with a low deductible and does not roll over each year or from one job to another.
Providing a comprehensive group benefits package to your employees is beneficial—not only for their health but for your company’s success. At W.J. Wheeler Insurance Agency , we understand the delicate balance between providing for your workers and remaining profitable. Fill out the “Get Started” form on this page to find out how you can provide employee benefits that are comprehensive and affordable for both you and your staff.