Top reasons to offer disability insurance

Top reasons to offer disability insurance

  May is national disability awareness month and not only should we be aware of the physical and mental hardships of a disability but also the crippling financial effects that a disability has on a family.  As employers we can at least help our employees deal with the financial set backs of a disability.  Here are the top reasons why we should.

1. It can be offered through your business at no cost to your company (voluntary)...... or costs can be shared.
2.  The average American has a negative savings account balance and any disability regardless of time missed at work, could have a very negative affect on the family’s financial future (Mortgage, cars, children etc…)
3.  Plans start as low as $4 per week
4.   Just by offering “off the job” disability you should see a savings in your workers comp premium (depending on carriers)
5.  Adding it to your benefits is Fast & Easy

Plans can be offered on an individual platform or a group.  Click here for a quick quote!

Visit www.choicebenefits.org

(978)703-0443

Top things for small businesses to know about healthcare reform in 2014

Top things for small businesses to know about healthcare reform in 2014

Beginning January 1, 2014, all U.S. residents are required to maintain minimum essential coverage unless the individual falls into one of the following exceptions:

· individuals with a religious conscience exemption (applies only to certain faiths);
· incarcerated individuals;
· undocumented aliens;
· individuals who cannot afford coverage (i.e. required contribution exceeds 8% of  household income);
· individuals with a coverage gap of less than 3 months;
· individuals in a hardship situation (as defined by the Secretary of Dept. of Health & Human Services)

For Employers:

If you have fewer than 25 employees, pay average annual wages below $50,000, and provide health insurance, you may qualify for a small business tax credit of up to 35% (up to 25% for non-profits) to offset the cost of your insurance. This will bring down the cost of providing insurance.

Under the health care law, employer-based plans that provide health insurance to retirees ages 55-64 can now get financial help through the Early Retiree Reinsurance Program. This program is designed to lower the cost of premiums for all employees and reduce employer health costs.

Starting in 2014, the small business tax credit goes up to 50% (up to 35% for non-profits) for qualifying businesses. This will make the cost of providing insurance even lower.

In 2014, small businesses with generally fewer than 100 employees can shop in the Health Insurance Marketplace, which gives you power similar to what large businesses have to get better choices and lower prices. In the Marketplace, individuals and small businesses can buy affordable health benefit plans. Open enrollment begins on October 1, 2013.

The Marketplace will offer a choice of plans that meet certain benefits and cost standards. Starting in 2014, members of Congress will be getting their health care insurance through the Marketplace, and you will be able to buy your insurance through the Marketplace, too. Find out how you can get ready to enroll.

Please visit us at www.choicebenefits.org for more information or call: (978)703-0443

Grand Opening!

We are excited to announce the grand opening of our Individual Life Insurance Division.  Get instant term life quotes without giving any personal info on our web site.  www.choicebenefits.org.  We work with all the best carriers so you will get the lowest rates available.

Get peace of mind, knowing you've helped protect your
loved ones.
Life insurance can help provide for the people who depend on you financially, if you can't be there for them. The money can be used for final expenses, help to replace your lost income, cover debts, pay your mortgage, fund a child's education, and more.
here are two types of life insurance:

•       Term life insurance offers simple, affordable coverage for a set time period, typically 10 to 30 years.
•       Permanent life insurance offers coverage for your lifetime with the potential to build equity in the form of cash value and options for more flexibility.

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