Plan Design & Implementation
We'll work with you to design a group health insurance plan that meets the specific needs of your workforce, considering factors like budget, employee demographics, and coverage preferences.
Chicago Group Health & Life Insurance: Attract Top Talent and Protect Your Business
In Chicago's competitive business landscape, attracting and retaining top talent is crucial for long-term success. At Platinum Financial Associates, we understand the importance of these benefits and are here to help you find the right coverage for your employees and protect the well-being of your business.
Our Group Health Insurance Services for Chicago Businesses
We'll help you with any group health insurance plans, ensuring you find a solution that provides comprehensive coverage for your employees at a competitive price:
Carrier Selection & Comparison
We'll help you compare plans from various insurance carriers, considering factors like premiums, coverage levels, network options, and out-of-pocket costs, to find the best value for your business.
Employee Education & Enrollment
We'll provide clear and concise information to your employees about their group health insurance options so they understand their coverage and can make confident choices.Â
Ongoing Administration & Support
We'll provide ongoing administrative support, handling tasks like enrollment, claims processing, and plan updates, to ensure a smooth and efficient experience for you and your employees.
Group Life Insurance for Chicago Businesses
We'll work with you to ensure your employees and your business are protected with the right group life insurance coverage.
Employer-Paid Life Insurance
Our team will help you determine the appropriate level of employer-paid life insurance coverage to offer your employees, providing a valuable benefit that demonstrates your commitment to their well-being.
Voluntary Life Insurance
With our guidance, your employees will have access to supplemental life insurance coverage at group rates, allowing them to purchase additional coverage to protect their families and loved ones.
Business Owner Life Insurance
We'll help you develop a business owner life insurance strategy to protect your business from the financial impact of the loss of a key owner. This coverage can help ensure a smooth transition of ownership and keep your operations running smoothly.Â
Ready to Enhance Your
Employee Benefits Package?
Contact Platinum Financial Associates today to schedule a complimentary consultation and discover how our Chicago group health and life insurance services can help you attract and retain top talent to protect your business.
The Advantages of Offering Group Health & Life Insurance in Chicago
It’s a wise business decision to offer group health and life insurance to your employees in Chicago as it provides numerous benefits for both your company and your workforce:
Attract and Retain Top Talent
In a competitive job market, offering a comprehensive benefits package is a key differentiator for attracting and retaining top talent.
Enhance Employee Morale and Productivity
Demonstrating your commitment to your employees' well-being through benefits like group health and life insurance can lead to increased job satisfaction, loyalty, and productivity.
Reduce Costs
Group health and life insurance policies often offer lower premiums than individual plans and provide a cost-effective way to provide valuable coverage to your employees.
Tax Advantages
Businesses can often benefit from tax deductions for premiums paid on group health and life insurance policies, reducing their tax burden.
Improve Company Image
Being known as a company that cares about its employees' well-being can enhance your reputation and attract top talent.
Types of Group Health Insurance Plans in Chicago
There are several types of group health insurance plans available in Chicago, each with its own features and benefits:
Health Maintenance Organization (HMO)
HMOs offer a managed care approach that requires you to choose a primary care physician (PCP) within the network. You'll need referrals to see specialists, and coverage is generally limited to services provided within the network.
Preferred Provider Organization (PPO)
PPOs offer more flexibility than HMOs. You can choose any doctor or hospital within the network, but you'll pay lower co-pays and deductibles for in-network providers. You can also see out-of-network providers, but these costs are usually higher.
Exclusive Provider Organization (EPO)
EPOs are similar to HMOs, but they typically offer a broader network of providers. You'll need referrals to see specialists, and coverage is limited to services provided within the network.
Point-of-Service (POS)
POS plans combine features of HMOs and PPOs. You choose a primary care physician (PCP) within the network, but you can also see out-of-network providers that might be more expensive.
Group Health Insurance Add-Ons in Chicago
In addition to basic health insurance coverage, many businesses in Chicago offer additional benefits to their employees, such as:
Dental Insurance
Covers routine dental care, such as cleanings, fillings, and extractions.
Vision Insurance
Covers eye exams, eyeglasses, and contact lenses.
Short-Term Disability Insurance
Provides income replacement for a limited period if you're unable to work due to a short-term disability.
Long-Term Disability Insurance
Provides income replacement for a longer period if you're unable to work due to a long-term disability.
Why Choose Platinum Financial Associates for Group Health & Life Insurance in Chicago?
At Platinum Financial Associates, we understand the importance of providing comprehensive and cost-effective benefits to your employees in Chicago. We're committed to helping you find the right group health and life insurance solutions that meet your business needs and attract and retain top talent in your industry.
Experienced Advisors
Our team of insurance advisors has extensive experience in group health and life insurance, so we can help businesses in Chicago with insurance plan design, implementation, and administration.
Comprehensive Services
We offer a comprehensive range of services, from plan design and carrier selection to employee education and ongoing administration.
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Fiduciary Duty
As fiduciaries, we're legally and ethically obligated to act in your best interests. You can trust that we'll always put your needs first.
Meet Our Team of Dedicated Insurance Professionals
Our team of skilled insurance advisors is dedicated to providing you with personalized guidance and support every step of the way. We take the time to understand your unique needs and goals, working collaboratively to develop and implement insurance solutions that align with your vision for the future.
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Susan S. Lewis
Founder & CPA
Experienced tax professional with a passion for helping businesses thrive.
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Diane Williams
Administrative Associate
Efficient and organized support professional, ensuring smooth operations.
FAQ About Group Health & Life Insurance in Chicago
What are the benefits of offering group health insurance to my employees in Chicago?
Offering group health insurance to your employees in Chicago can be a smart business decision as it provides numerous benefits for both your company and your workforce. It can attract and retain top talent, enhance employee morale and productivity, reduce costs, offer tax advantages, and improve your company's image.
How do I choose the right group health insurance plan for my business in Chicago?
Choosing the right group health insurance plan for your business in Chicago involves several factors, including your budget, employee demographics, coverage preferences, and the specific needs of your workforce. Consider factors like premiums, coverage levels, network options, and out-of-pocket costs to find the best value for your business.
What are the different types of group life insurance policies available in Chicago?
There are several types of group life insurance policies available in Chicago, and each has its own features and benefits. These include employer-paid life insurance, voluntary life insurance, and business owner life insurance.
What are the tax implications of offering group health and life insurance in Chicago?
Businesses in Chicago can often benefit from tax deductions for premiums paid on group health and life insurance policies. These deductions can reduce your tax burden and make providing these benefits even more attractive.
What if my business is small? Can I still offer group health insurance?
Absolutely! Many small businesses in Chicago offer group health insurance plans. There are often special programs and options available for smaller companies, making it more affordable and accessible. Our team can help you explore these options and find a plan that fits your budget and needs.
What happens to my group health insurance if I hire new employees?
When you hire new employees, you'll need to add them to your existing group health insurance plan. There may be waiting periods before new employees are eligible for coverage, but we'll help you understand the specific enrollment process and any applicable waiting periods.
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Schedule Your Free Consultation Today
Ready to discuss your investment goals and explore how our team can benefit you? Contact Platinum Financial Associates to schedule a complimentary consultation.
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