Employee Group Benefit Plans

For business owners, solutioning out group insurance plans for your employees provides comprehensive coverages that is increasing become more and more important for your staff and their dependents.

Piedra Insurance Concepts works with small-to-large business owners to source out the appropriate coverage for your team as well as continue to be your first in line go to point of contact for policy support after selection.

We offer tailored group insurance solutions that are both affordable and effective regardless of the size of your talent pool. Our plans and solutions are designed to be flexible allowing you to choose coverage options that best fit your team's needs as they adjust.

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Group Policies

Group Health

Other Group Ancillary

Group Term Life

Health Insurance carriers offer a variety of options depending on the size and location of your employee's group.

Group Health solutions include:

Fully Insured Group Insurance: Comprehensive, ACA compliant. Issued without need of health questionnaire or review of group performance.
Level Funded/Fixed Funded: Quotes and coverage based on Age and group's claims performance and/or health questionnaire - Premiums generally cheaper than Fully Insured Group (but no always)
Self-Funded: Sometimes non-ACA compliant offerings, carriers provide the tools for employers to self-fund health insurance plans with support from the carrier to protect exorbitant financial loss.

Group Term Life

Other Group Ancillary

Group Term Life

Recurring Term Group Life insurance - Employer is the policy holder - Employees are covered via a Certificate of Insurance (COI)

Considered a Fringe Benefit as per the IRS of which has certain tax implications:

Employer premiums paid are tax deductible.
Employee premiums paid are exempt from Income and FUTA taxes
Employee premiums paid are FICA (Social Security and Medicare) tax exempt up to $50,000 of coverage. Amount of coverage over $50,000 is subject to tax as per IRS "Section 79-Table 1" cost per $1,000 of protection for 1 Month of coverage.

Death Benefit distributions are 100% TAX FREE

LINK: IRS Rules - Group Term Life Insurance

Other Group Ancillary

Round out employer provided benefits with other ancillary group coverages:

Group Dental: Limited to comprehensive (Major Services and/or Orthodontia) dental coverage. Most plans include an annual maximum allowable benefit.
Group Vision: Benefit coverage for Eye exams, reduced costs for prescribed eyewear and contact lenses.
Long Term Disability: Replaces a portion of employee's income in an event that serious injury or illness keeps employee from work for an extended period of time. Does not require medical exams. Income replacement is typically 50%-60% of employee's base salary.

Benefits for Employers

Comprehensive Health Offerings: Group plans provide extensive range of benefits, including accident coverage, virtual urgent care, dental, vision, and ACA-compliant plans—offering peace of mind and promoting employee wellness.
Tax Benefits: Employer contributed premiums are considered part of employees' salary thus tax deductible leveraged against Income and and FICA tax responsibilities. Benefits paid from a group plan are also non-taxable.
Reduced Expenses: Reduction of payroll liabilities inherently reduces payroll liabilities overall which will provide savings on workers' compensation expenses.
Employee Retention: Stand out in a competitive job market with a robust benefits package that attracts top talent and strengthens employee loyalty, helping you build a dedicated and motivated workforce.

Benefits for Employees

Benefits for Employers

Comprehensive Coverage: Employees come to expect and will be able receive comprehensive health, life, and ancillary benefits from their employer.
Group Health Tax Benefits: Health insurance premiums are pre-tax and thus reduce employee's taxable income responsibility. In addition, benefits paid from a group plan are non-taxable.
Flexible and Convenient: Opportunity to integrate with existing payroll/HR systems (Paychex, ADP, Etc.). PIC will establish ongoing support for any adjustments to the employee pool/group as well as clear administrative guidelines and direct group support.
Enhanced Support: Piedra Insurance Concepts is happy to provide initial direct to employee review of group solutions offered from employer during open enrollment periods.

The PIC Advantage

Your Partner

Partner with Piedra Insurance Concepts for review of business' structure to identify group employee benefit solutions that make sense for your organization. Our goal is to help ensure your business is competitive and successful as-well and provide employee benefits and coverage that employees increasingly expect and seek for with their employer.

We seek for win-win situations of our clients of which we strike balance between business needs, compliance requirements and your employee's needs.

On-Going Support

Group policies are a bit unique from individual products as they demand quality on-going support. Piedra Insurance Concepts is your immediate first point of contact for any changes to your group including but not limited to: New-Hires, Employee Attrition, Plan Renewals, HR System Integration support, Life-Events, Etc.

Our support does not end when you sign a policy. PIC will always have a real human being to call, text, or email with required support. No outsourced or overseas call centers to interface with - Direct communication only.

Employee Group Benefit Plans

Group Policies

Group Health

Other Group Ancillary

Group Term Life

Group Term Life

Other Group Ancillary

Group Term Life

Other Group Ancillary

Other Group Ancillary

Other Group Ancillary

Benefits for Employers

Benefits for Employers

Benefits for Employers

Benefits for Employees

Benefits for Employers

Benefits for Employers

The PIC Advantage

Your Partner

On-Going Support

Start Planning Today

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