Having Benefits For Your Team
One of the best reasons to work for a business are the benefits that you get. It is no secret, businesses offer better health insurance benefits than someone can get if they are solo. It is one of the main reasons people stay at their jobs for so long.
But why do businesses get a better deal?
Insurance is the transfer of risk from one party to the other party in exchange of money. When a group of people come together to get insurance the insurance carrier knows that it has a lower chance of losing money on this group.
At Sentinel Financial, we offer products and guidance to ensure that you and your team can take the most advantage of group health insurance coverage. We offer products for businesses with 2 people all the way to 2000+ people.
Have a question about group coverage? Let us know and we will assign a specialist to your case.
Group Health Insurance That We Offer
Traditional Group Health Plans
Plans that are made for businesses with 2 or more employees that will give better benefits than going on to the individual market.
1099 Group Coverage
For the first time ever, there are options for a group of 1099s in the same business to enjoy the same health benefits without having to be W2.
Cost Reducing Plans
Already have group health insurance in place? We have a solution to help you save money without ever having to change your current provider.
Is Group Health Coverage Right For Me?
One of the hottest button topics in the last decade in the health insurance space was the passage of the Affordable Care Act. Inside of this act, there was a clause that said employers over a certain size had to offer health insurance that provided the minimum essential coverage (MEC). In later legistation, these plans then had to be considered affordable in order for the employer to not be penalized.
While most employers and administrative staff do not consider browsing health insurance options to not be the most fun activity, Sentinel Financial prides itself on finding health insurance that will retain employees for a long time.
We have options for Self Funded, Level Funded, as well as carve outs for executives in the business.
Want to see if we can beat your current rate or get you a lower deductible? Send us your census for the business and we will get you an answer the same business day.
Group Coverage for 1099 Contractors
One of the largest reasons we have seen people not want to be a 1099 contractor is the loss of group health benefits outweighing the potential for increased income or opportunity. This no longer has to be an issue when looking for top talent to work alongside your company.
At Sentinel Financial, we have partnered alongside insurance carriers that look at 1099 contractors the same way that they would like at W2 employees seeking health insurance.
So long as the company has a minimum of 2 workers who are not related, the 1099 is paid directly by the company, and the employer can prove that work is being done, you can offer contractors group health coverage without breaking any existing tax laws.
Does this sound like you? Reach out to the experts at Sentinel Financial and see if we can help you retain top contractor talent immediately.
I Can Save Money Without Changing Plans?
We know that at the forefront of your business is how to cut costs where you can. At Sentinel Financial, we realize this and have found products to use that can help save a business an average of twenty five thousand dollars a year!
The requirement for these cost reducing measures are to have a minimum of 25 full time W2 employees.
We have also seen an average increase in employee pay by 1500 dollars annually without having to make a single change to your existing group health insurance plan.
Want to learn more? Contact us today to see how much money Sentinel Financial can save you and your business.
