Group Health/Dental/Disability/Life Insurances

At Diligent Financial Group, Inc. because we are independent and free to do what we will, we can offer clients a wide range of group health, dental, vision, life, long-term care, and disability insurance plans from multiple carriers to meet clients needs.

There are many types of group and employer sponsored plans available for a variety of different purposes. If you have as few as one employee plus yourself you may be eligible for a group plan. If you have ten (10) or more employees you may also be eligible to provide voluntary employer sponsored plans in addition to regular group plans.

What can be covered with a group plan? A group plan can include any of the following benefits: health, dental, disability, life, accidental death and dismemberment, long term care, etc. Employers who have group plans can also use IRS Section 125 so that the portion of premiums that employees are required to pay, if any, can be deducted from their paycheck on a pre-tax basis. If your group is large enough you may also offer a cafeteria plan.

How much does a group plan cost? The cost for group insurance depends on several factors. Some of the factors are:location, number of employees, industry, health history, and demographics. Each insurance carrier has their own formula for determining premium rates. Find out how much a plan might cost for your company by requesting a group insurance quote.

Does an employer have to pay the entire premium? No. For health insurance an employer must contribute to the cost. Some employers only contribute to the employee cost and others contribute to the cost of the employee and their dependents. This is a choice made by the employer. With voluntary plans the employee pays the entire cost of the plan. The employer just makes it easy for the employees by deducting the premiums from their paycheck.

How can you find out how much a group plan would cost? We will need a census of your employees that includes: age or date of birth, gender, coverage (single, with spouse only, with child/children only, or full family), and home zip code. When preparing your census be sure to indicate which employees are waiving coverage. This is important and can affect your rates.

What if you already have a group plan but are not happy? You are not locked into any period that you must keep your current plan.

What insurance companies will you receive rates from? We use many different insurance carriers. We ask for rates from several carriers, then review them for the best premiums and benefits for your needs. We will show you all the companies that we received rates from but will provide detailed information on the best two or three plans.

What kind of plans can be offered to employees on a voluntary basis? Medical, dental, disability, life, accident only, and hospital confinement policies are just some of the types of programs that can be offered. We have many carriers that we deal with and all information is treated as confidential.