Employee Benefits FAQ
As a small or mid-size employer, what employee benefits should I provide?
The cost of providing health insurance continues to increase. Do I have options?
o Health Maintenance Organizations (HMOs)
o Preferred Provider Networks (PPOs)
o Point of Service (POS) Health Care Plans,
o High-Deductible Plans with a Health Savings Account (HSA)
The level of coverage you choose for your employees determines how much you pay. Talk to a Coalter Insurance Group agent to learn more about your options for reducing those costs.
Should I provide short- or long-term disability benefits to employees?
Should I provide life insurance coverage for my employees?
Which makes more sense: A self-funded or fully-insured plan?
As a small business owner, what are my best options for employee benefits?
There are many options for small employers when it comes to employee benefits like health insurance, but we are especially proud to partner with the Missouri Chamber Federation to offer the Chamber Benefit Plan.
Administered by Anthem Blue Cross and Blue Shield, this plan is available to small group employers in Missouri who are members of qualifying Chambers of Commerce. You can learn more about this plan and all the ways it helps small businesses here: www.coalterinsurancegroup.com/chamber-benefit-plan/
What should I know about COBRA coverage?
COBRA, the federal Consolidated Omnibus Budget Reconciliation Act of 1985, allows individuals who lose their group health insurance coverage due to a job change, divorce, job loss or other reasons to keep their group coverage, at least temporarily. COBRA does not apply to all employers, however, and many states have mandated other continuation-of-coverage options for people who are not covered by COBRA. In some states, continuation coverage mandated by the state may be more generous than COBRA. To learn more about COBRA and how it may affect your business, speak with a Coalter Insurance Group agent.