Tuesday, January 10, 2012

Family Dental Plan Quotes

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WHEN COMPARING DENTAL QUOTES”: What is the family limit? n Does the plan require a participant visit a dentist in a network for full benefits? If so, how many providers are in the network? Do the providers have any restrictions on ... Return Doc

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Employee benefits specialist Kelly Moore addresses group health plan vs. individual plans










http://www.moorebenefitsinc.com/video-center Group health or individual plan? (transcribed from video interview with Kelly Moore, CEO Moore Benefits Inc. http://www.moorebenefitsinc.com/video-center )
If you're a small business owner and you want to offer health insurance to your employees and you're asking yourself: should I have a group health plan or just have everyone buy their own individual policy?
The answer is definitely a group health plan and that's true for a number of reasons.
Number one is that individual policies are not guaranteed. If one of your employees has any sort of health condition or if their dependents have any sort of health condition they can and will be denied coverage. And then you don't a benefit to offer them.
As opposed to a group health plan, once that plan is in place, every employee and all of their dependents are accepted into this health plan regardless of their health condition.
Another component as a business owner is that you may fully deduct the cost of the health insurance that you pay towards your employees. And every dollar in compensation that you pay in benefits as opposed to cash wages reduces your taxes. It's completely deductible with no limits.
Individual policies are not deductible from a business stand point. The employees will have to pay for that on their own, the business will not be able to pay it and if you reimburse them, it's not deductible. So, for those two reasons if you want to offer an employee benefits program, a group health plan is the way to go. Talk to your tax advisor for more information on that.


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Satisfied for the entire family.) This plan features two separate medical deductibles: $500 per member for emergency and hospital inpatient/outpatient services; and $5,000 per member for other covered services. We believe that a good dental plan should: ... Document Viewer

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