EMPLOYEE BENEFITS

At Capital City Insurance we can quote and implement both Fully Insured plans and Level Funded/Self-Funded plans with all of the major carrier options in S. Idaho.

We have specialized in helping those Small Businesses (1 to 50 employees) that have either never had a group health insurance plan in the past, or those that have had one but have never had an agent/broker that could facilitate the implementation and administration of those plans.  

Some key takeaways about a Small Group plan:

Affordability: For employees that are not eligible for subsidized plans on the individual market, most of the group plans are at a lower cost than the plans on the individual market.  An employer only needs to cover 50%** of the employee only cost for the lowest cost plan in their options. This is usually a much lower cost than most employers realize. 

Choice: Unlike the individual market, employees and business owners would have access to richer benefit options in the group market, i.e. a more robust network, and lower deductibles/out-of-pockets.  We are also able to set up a variety of plan options inside each group plan so that employees can pick a plan that best suits their specific needs.

Taxability: By running employee health and dental insurance contribution through your payroll with a Section 125 plan you are able to make the whole contribution tax deductible, not only are you saving payroll taxes on your contributions, but your employees are also able to make pre-tax contributions. 

Employee Retention and Attraction: One of the key reasons to consider a Small Group Health insurance plan is the Retention of your key employees and the attraction of new employees you may like to hire.  A recent Society for Human Resource Management survey of employees ranked health-related benefits (88%) as the most important employee benefit they get, outranking all other employment benefits.

**Wavier Period:  There is a once-a-year waiver period that allows for Small Groups to institute a Small Group Health Insurance plan without having to either meet the contribution requirements or the minimum participation requirement.  This waiver period happens for November 15th to December 15th each year for plans with a start date of January 1st.