Because every group is different, we take the time to understand your unique needs to find the right small group health plans for your company and it’s employees.
Since 1986, Diversified Group Services, Inc. has been specializing in small group health plans and insurance exclusively for small businesses, organizations and associations operating in Connecticut and New York. A typical small group ranges anywhere from 2-50 employees.
Our philosophy has always been to provide employers with comprehensive benefits to meet the needs of employees using the most cost effective approach. We provide sound advice on cost saving concepts along with exceptional hands-on service after the sale, which includes:
- Dedicated employee advocacy and plan implementation, geared to help employees understand and maximize the full value of their new benefits
- Help with new enrollments, terminations, billing or claims issues, and more.
- Timely renewals
Following are details on the types of small group group health plans we offer employers:
Health Maintenance Organization (HMO)
Preferred Provider Organization (PPO)
Health Savings Account (HSA)
Health Reimbursement Account (HRA)
Flexible Spending Account (FSA)
The average working employee in America spends thousands of dollars annually on certain types of medical benefits, daycare expenses and transportation services. By participating in an FSA, an employee’s taxable income is reduced, which increases the percentage of pay they take home and allows them to pay for these benefits and services with the pre-taxed dollars, in essence giving them a discount on these services. Here’s how they work.
This tax-favored savings account is funded solely by the employee through regular pre-tax payroll deductions. Employees elect how much they want withdrawn from each pay period, which can be changed annually or upon a qualifying event such as marriage or divorce. Throughout the plan year, funds can be withdrawn from the account (tax-free) to pay for eligible medical, dental, vision, prescription and dependent daycare expenses. Some FSAs include work-related parking and transit costs. The administrator of the FSA account can issue a debit card that is tied to the FSA making it easy to use the account when needed.
Self-Funded Health Plans
A self-funded health plan requires the employer to become the insurer. Most often, employers will partner with a PPO to provide services for the plan. Then, a third party (a TPA) is hired to handle claims and processing. Because self-insured employers run the risk of large catastrophic claims, they will purchase stop-loss insurance to protect them in such an event. Even with the additional expense of stop-loss insurance, employers can enjoy saving thousands in premiums and other advantages.
Access Health CT Small Business
We suggest you use the Business Tax Calculator to find out if you qualify, and then give us a call or request a quote to the right. Your rates will be the same whether you use an agent or not. As your agent, you will enjoy free plan support year round.
Dental and Vision Plans
Regular dental exams help employees stay healthier and more productive in the work place. And, studies show that simple routine visits to the dentist (which are usually covered 100% by insurers), help to detect serious underlying conditions such as heart disease and diabetes. The National Association of Dental Plans and the Centers for Disease Control have performed studies that show that employees with Dental Insurance plans have better attitudes and are less likely to suffer from depression, a common condition in today’s fast-paced world.
Dental Plans offer a variety of diagnostic, preventative care and corrective services including cleanings, exams, x-rays, fillings, root canals, orthodontia for children, and emergency care while traveling.
Similar to dental policies, vision plans are inexpensive and save money on routine exams, eyeglass frames and lenses, contacts, and even discounts on procedures like LASIK. Monitoring your eye health with regular exams also helps to prevent serious eye diseases like glaucoma and cataracts and also helps to detect early stages of diabetes, high blood pressure, and high cholesterol.
Life insurance provides for an employee’s final expenses, taxes, mortgage and even their children’s education as well as offering additional added benefits. Diversified Group Services, Inc. can help employers protect their employees and their employees’ families with a variety of different life insurance products.
Permanent Life Insurance
Life insurance that builds cash value and the savings can be tax deferred and/or borrowed against, if needed. These policies are known as Permanent Life Insurance.
Life insurance that does not build cash value, however, it will pay a set amount to the named beneficiary upon the death of insured within the stated term. Some policies may also make payments upon terminal or critical illness.
Short Term and Long Term Disability
Short Term Disability
During the time an employee is unable to work due to a qualifying disability (illness or injury), STD will begin. Payments to the employee should begin after a two-week waiting period. They will continue until he/she recovers, or maxes out the benefits. This can be anywhere between one month to two years, depending on the policy.
Long Term Disability
During the time an employee is unable to work due to a qualifying disability (illness or injury), LTD will begin. Payments to the employee should begin after a 90-day waiting period, depending on the policy. Payments will continue longer than STD–for a few years, up to age 65, or even for life.
Our Small Group Health Plans Partners
How We Are Different
We take a personal approach to understand your company’s needs. We are always accessible by phone or in person to help whenever needed.
Request a Free Needs Analysis and Quote
For the most accurate small group health plans quote, we will also need you to complete a CENSUS. Please select a format below. Once complete, please email to firstname.lastname@example.org or fax to 1-888-587-7263.