Insurance Group plans are a variety of non-wage compensation benefits provided to employees in addition to their normal wages or salaries. Examples of these benefits would include: Group Health, Life, Disability, Dental, and Vision in which individual employees or members are included under one master policy owned by their employers. Employers offer these benefits as a way to retain quality employees and attract new ones, which minimizes costs associated with high employee turnover. Such benefits programs boost morale, loyalty, efficiency and productivity within the company as employees are assured of financial security and support for themselves and their families. These group benefits also provide tax advantages for the employer because most premiums are tax deductible as a corporate expense.
Your organization is unique. You might have thousands of employees or you might be able to count them on one hand. Whatever your group size or benefits goals, we have the knowledge and tools to help you. Knowing which benefits and plans to offer your employees can be tedious. Having a professional to guide you through the process and show you which offer the best tax advantages to you is very important.