As your benefits partner, we provide services that span every facet of employee benefits from benefits consulting, communication and compliance to comprehensive administration solutions, wellness programs and HR services. We work everyday with employers to design, implement, communicate, and administer benefit plans with a focus on reducing the hard dollars spent on health care by promoting a healthy workforce.

OUR COMMITMENT TO YOU
With Broker Advantage as your employee benefits consultant you will get a commitment to strategic benefits consulting, effective employee communication tools and steadfast compliance all with our signature client service and comprehensive resources that will best meet the specific objectives and timelines of your firm.

What is a Group Insurance Plan?
 

·                    Group insurance plans are set up by an employer, union, or other group with a view to providing insurance coverage to plan members in the event of death, accident, illness, or disability. For employers, they are often the primary addition to an employees benefits package.

·                    The Employer (also known as the policyholder) negotiates the details of the contract with the insurer.

·                    It is a group contract in which participation is generally compulsory for employees or group members.

·                    Group members must have a relationship with the policyholder; for example, they must all be employed by the same company or an affiliate.

·                    Group insurance premiums are generally guaranteed for a one-year period. Every year, the policyholder and insurer can negotiate changes to the plan. 
 

Customized Plans
 

·                    Customized plans tailored to its members' needs are offered to larger groups.

·                    The various plans and services available through Broker Advantage are designed to meet the specific needs of the group. Policyholders determine the exact combination of coverage types they wish to offer plan members.

·                    This type of plan is particularly well suited for large companies.
 

Plans for Small and Medium-Sized Businesses
 

·                    Broker Advantage also offers group insurance plans designed to meet the special needs of small and medium-sized businesses.

·                    These plans include most of the same coverage available under customized plans. However, coverage options and amounts are generally more limited.

·                    The many options available through these innovative products enable employers to adapt their plans according to the needs of employees.

·                    In addition, since most plans must continue to reflect the rapidly changing needs of your employee's, you can modify your coverage's as your company grows. 
 

·                    Small business and self-employed worker insurance is in some respects a group insurance plan available on an individual basis.

·                    It is specifically designed to meet the needs of self-employed workers, owners of micro-businesses (10 employees or fewer), and salaried workers who do not have a group insurance plan at work.