Cost vs. Savings

 

Should your business sponsor The Flexible Benefit Plan©? If you answer yes to the following questions, you will know this plan is right for you!

  1. Do you have employees? (If your answer is no, you are not eligible to have a plan)
  2. Do  your employees share in the cost of your group medical plan or pay for  individual policies (cancer, health insurance, indemnity or disability)?
  3. Do  your employees pay for insurance deductibles, co-insurance and items  not covered by their insurance (eye doctor, dentist, chiropractor or  pharmacist)?
  4. Do your employees pay for dependent child care (so they can work)?

If  you answered yes to question 1 and yes to questions 2, 3, or 4, you  should consider sponsoring The Flexible Benefit for your employees.

Here is how to determine the effectiveness of The Flexible Benefit©

  • How much do your employees pay for their insurance?
  • How  much will your employees spend on deductibles, co-insurance, family eye  care, family dental care, family chiropractic care, family  prescriptions and child care?
  • Now  total the estimate your employees will spend in all areas and multiply  it times your FICA rate of 7.65%. This will give you the TOTAL SAVINGS  for your company! Multiply your savings times 3 and you will know how  much it saves your employees!

If you are interested in learning more about saving your employees money, contact us for an application today!

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