• Are the escalating costs of your group health plan eating away at your company’s bottom line?
• Have you reviewed your company’s health insurance lately?
• Are you enrolled in the right plan?
• Have you been educated about HSAs and how they can save your company and your employees money?
• Are you familiar with Healthcare Reform and how these changes will impact your business?
• Have your employees been informed of how much you actually pay for their benefits?

Please call us today at Carolina Insurance Professionals for help with these very important questions.  If you are currently providing health insurance you need to know all the facts that will help you make the right choices.  If your company does not currently offer group health insurance you could be missing out on many tax advantages for small businesses.

Our specialty at Carolina Insurance Professionals is small businesses.  We are experienced professionals who are committed to helping you find the best value on employer sponsored group health insurance benefits.  Your business will save time and money while enjoying outstanding personal service that will help keep you and your employees happy and productive. 

Providing group insurance has many benefits, such as:

• Reduce costs and enhance your company’s competitive edge
• Experience greater retention of your best people
• Attract and retain high quality employees
• Reduce hiring and training costs
• Guarantee issue regardless of health issues
• Tax incentives

We know small businesses do not always have a large HR staff or an HR staff at all.  We will alleviate the burden of your staff having to handle insurance needs.  We will work as your HR Department in helping you deal with enrollments, terminations, claims issues, etc.  We are a smaller firm, and we focus on small businesses and enjoy offering our extensive HR and insurance background to help guide you through the complicated and ever-changing insurance world.

Our service to our groups is what sets us apart from other insurance firms.  We are ALWAYS available and pride ourselves on the service we provide.  We treat all our customers the same whether you are a small Mom and Pop shop or a larger firm with several hundred employees.  Your business is important to us.

Group Insurance Options

Group Health Insurance

• Preferred Provider Organization (PPOs)
• Health Savings Accounts (HSAs)
• Flex Spending Arrangements (FSAs)
• Health Reimbursement Accounts (HRAs)
• High Deductible Health Plans (HDHP)

Group Dental Insurance

Group Life Insurance

Short and Long Term Disability

Voluntary Employee Benefits

• Voluntary Life/AD&D
• Voluntary Short Term Disability
• Voluntary Long Term Disability
• Dependent Life

Strategic Planning

Evaluation of Health Plans

Benefit Administration

HR Web Tools

What is a PPO?

PPO individual health insurance plans are the most popular plans available today.  They offer co-pays for such things as doctor office visits, presciption drugs, and emergency room visits.  There is a comprehensive health care network of medical providers that are covered by the PPO plan.  A PPO plan offers you more choice. Selecting a primary care physician isn’t required, and you can visit a specialist without a referral.

What is a Health Savings Account (HSA)?

An HSA is a tax-free way to help pay for current or future out-of-pocket health care expenses.  To be eligible to open an HSA and begin saving money for medical expenses tax-free, you must be covered by a high-deductible health plan.  An HSA can be established through a custodian or trustee and used with your high-deductible health plan to pay for out-of-pocket expenses.  Dollars that are not used in a given year roll over into the next year and are completely portable should you change jobs or switch health coverage.

What is Flexible Spending Arrangement (FSA)?

An FSA can be used to cover qualified medical expenses and dependent day care expenses.  You pre-determine an amount you will contribute at the beginning of the benefits period.  Contributions to your FSA are tax-free and made through salary reduction.  Any funds not used by the end of the benefit period are forfeited.  This is known as the “use it or lose it” rule.  FSAs can be offered in tandem with an HRA.

What is a Health Reimbursement Arrangement (HRA)?

An HRA is an account offered to employees or retirees, where you can use the money to pay for deductible and co-insurance amounts, or covered medical expenses.  Like an HSA, leftover dollars generally can be used from year-to-year, as long as you continue to be a member of the plan.  Also, the money is contributed by your employer and doesn’t count as income, saving you valuable tax dollars.

What is High Deductible Health Insurance Plan (HDHP)?

A health plan product that, when combined with an HSA, provides insurance coverage and a tax-advantaged way to help save for future medical expenses.  HDHPs have a higher annual deductible than traditional health plans and must meet other specific federal guidelines.