Bbgbroker.com

Business Benefits Group - The Premier Benefits Consultant

The benefits consultants at the Business Benefits Group deliver superior employee benefits, business insurance & retirement solutions.

Actived: Thursday Jan 14, 2021

URL: https://www.bbgbroker.com/

Health Insurance - Business Benefits Group

Details: An individual health insurance policy will contain medical insurance. This insurance will help to pay for medical bills, ranging from routine doctor’s visits to up major medical occurrences. Medical insurance helps to ease the stress of paying medical bills, allowing for a better focus on staying healthy.

› Verified 13 days ago

› Url: https://www.bbgbroker.com/health-insurance/ Go Now

› Get more:  Medical,  HealthGo Now

What Does An Insurance Broker Do? - Business Benefits Group

Details: An insurance broker is experienced in different types of insurance and risk management. They help individuals and companies procure insurance for themselves, their homes, their businesses or their families. Brokers may focus on one particular type of insurance or industry, or they could provide advice on many different types of insurance.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/what-does-an-insurance-broker-do/ Go Now

› Get more:  BusinessGo Now

Business Insurance - Business Benefits Group

Details: Umbrella liability insurance is a specific type of liability insurance that is designed to protect policyholders against claims that exceed the limits of their primary auto, general liability, and worker’s compensation coverage.

› Verified 6 days ago

› Url: https://www.bbgbroker.com/business-insurance/ Go Now

› Get more:  AutoGo Now

What Does E&O Insurance Cover? - Business Benefits Group

Details: E&O insurance can help cover any expenses related to this type of claim. Employee errors. Errors and omissions insurance may cover claims that stem from errors made by employees, independent contractors, or temporary staff.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/eo-insurance-coverage/ Go Now

› Get more:  Insurance QuotesGo Now

Healthcare vs. Health Insurance: The Differences You Need

Details: Health insurance is defined as a system of financing used for medical expenses. It is designed to help absorb or offset healthcare costs associated with a wide range of services, such as routine health examinations, unforeseen illnesses or injuries, inpatient and outpatient surgery, specialist referral visits, and prescription medications.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/healthcare-vs-health-insurance/ Go Now

› Get more:  Medical,  HealthGo Now

Insurance Broker vs. Insurance Agent

Details: Insurance brokers perform a plethora of duties for individuals and businesses in search of the right insurance for them. When you contact an insurance broker for a quote, he will acquire some information and assess your individual needs. An insurance broker will compare the coverage of various insurers to get you the best conditions and rates.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/insurance-broker-vs-insurance-agent/ Go Now

› Get more:  BusinessGo Now

What Is Professional Liability Insurance?

Details: Professional liability insurance (PLI), also referred to as professional indemnity insurance (PII) or errors & omissions (E&O), is a type of liability insurance often used by businesses to prevent having to bear the full cost associated with a negligence claim. Unlike general liability insurance which covers a variety of mishaps like third party injuries, professional liability insurance is a

› Verified 5 days ago

› Url: https://www.bbgbroker.com/what-is-professional-liability-insurance/ Go Now

› Get more:  BusinessGo Now

Who Needs DBA Insurance? - Business Benefits Group

Details: Due to a highly condensed insurance market, few companies cover DBA insurance, and, in many cases, the cost of insurance is covered in the contract. Workers who suffer on-the-job injuries or death while engaged in work in foreign locations under government prime contracts and subcontracts are solely providence of DBA insurance.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/dba-insurance/ Go Now

› Get more:  Insurance QuotesGo Now

EPO vs. HMO Health Insurance - Business Benefits Group

Details: HMO insurance is often termed as an insured product, meaning that the insurance company will pay the cost of the claim if it meets all coverage guidelines. In comparison, EPO insurance is often termed as a self-insured product in which the employer pays the costs. Another major difference between the two relates to flexibility.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/epo-vs-hmo-health-insurance/ Go Now

› Get more:  Insurance QuotesGo Now

Fully Insured Plans vs. Self Insured Plans

Details: Insurance brokers can help employers compare the range of health plans available to them. As the process of sorting through health insurance plans can be daunting, having an insurance broker there to explain terms and provide advice can make the process run much more smoothly.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/fully-insured-plans-vs-self-insured-plans/ Go Now

› Get more:  HealthGo Now

Stop Loss Insurance 101 - Business Benefits Group

Details: Stop loss insurance, also known as excess insurance, is a product that provides companies protection against unpredictable or catastrophic losses. Unlike conventional employee benefit insurance, stop loss insurance insures only the employer. As employee medical bills can quickly add up, being able to predictably cap expenses is critical.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/stop-loss-insurance-101/ Go Now

› Get more:  MedicalGo Now

EPO vs PPO Insurance: What to Know and Which to Buy

Details: EPO insurance offers a number of benefits to patients in search of quality health care. As EPO plans limit a patient’s access to a targeted group of providers within a network, patients are better equipped to negotiate more favorable reimbursement rates with those healthcare providers, resulting in lower monthly premium payments.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/epo-vs-ppo-insurance/ Go Now

› Get more:  HealthGo Now

What is Reference Based Pricing? - Business Benefits Group

Details: Choosing an insurance plan for your employees can be challenging due to the influx of options now available. One of the biggest decisions you will have to make as an employer is between fully-insured and self-insured health plans. A fully-insured plan is a more traditional option where the company pays a premium to the insurance carrier.

› Verified 3 days ago

› Url: https://www.bbgbroker.com/what-is-reference-based-pricing/ Go Now

› Get more:  HealthGo Now

How to Protect Insurers From Large Claims

Details: Stop loss insurance is provided to employers on a reimbursement basis. Under a self-funded health insurance plan, employers are responsible for all claims, including claims that exceed the deductible. With stop loss insurance, once any losses have been paid, the employer is then reimbursed for any amount of the loss that exceeds the deductible.

› Verified 20 days ago

› Url: https://www.bbgbroker.com/stop-loss-insurance-protect-insurers/ Go Now

› Get more:  HealthGo Now

What Is Self Funded Insurance? - Business Benefits Group

Details: Stop-loss insurance is designed to limit a company’s loss to an amount that is specified by the business owner. How Does Self Funded Insurance Work? Similar to a traditional insurance premium, self funded insurance plans have fixed expenses, such as stop-loss premiums and administration fees.

› Verified 5 days ago

› Url: https://www.bbgbroker.com/what-is-self-funded-insurance/ Go Now

› Get more:  BusinessGo Now

POS, PPOs, and HMOs: A Detailed Look - Business Benefits Group

Details: Insurance companies will provide a list of providers and it is important for potential members to seek a company that works with the health care provider of their choice. The service providers and physicians on this list must be used to benefit from discounts. A patient’s physician becomes his or her first point of contact and is able to make

› Verified 2 days ago

› Url: https://www.bbgbroker.com/managed-healthcare-pos-insurance/ Go Now

› Get more:  HealthGo Now

Domestic Partner Coverage vs. Marriage Coverage

Details: Gaining family health insurance through an employer is an affordable way to acquire essential benefits like medical and dental. However, with the extension of state, federal and private health insurance marketplaces, married couples have more options than ever when it comes to health insurance.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/domestic-partner-vs-marriage-coverage/ Go Now

› Get more:  Medical,  HealthGo Now

Pros and Cons of POS Health Insurance

Details: While POS health insurance can be highly beneficial to some individuals, it may not be as favorable to others. As one of the biggest advantages of a POS plan is the ability to see a broad range of healthcare specialists, individuals who rarely or never need to see a specialist may not get as much value from this plan.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/pos-health-insurance-pros-cons/ Go Now

› Get more:  HealthGo Now

When to Say Goodbye to Your Benefits Broker - Business

Details: The world of health insurance is a fast-changing one, with evolving laws and market conditions that make it hard for the average business owner to keep up with the changes. A good benefits broker should deliver expertise on a broad variety of topics, from compliance with the Affordable Care Act (ACA) to tax matters and benefits administration.

› Verified 6 days ago

› Url: https://www.bbgbroker.com/when-to-say-goodbye-to-your-benefits-broker/ Go Now

› Get more:  Health,  BusinessGo Now

Individual vs. Group Health Insurance

Details: Health insurance that is provided to employees by an employer is known as group coverage. When an employee purchases health insurance on their own, it is called individual coverage. Unlike traditional employer-sponsored health insurance, individual insurance requires employees to shop around for plans that cover their health needs and possibly

› Verified 6 days ago

› Url: https://www.bbgbroker.com/individual-vs-group-health-insurance/ Go Now

› Get more:  HealthGo Now

What Is HMO Insurance? - Business Benefits Group

Details: The good news is that HMO insurance will cover most services, including health screenings, preventive care, laboratory tests, immunizations, X-rays, surgical treatments, and more. HMO insurance also covers most prenatal and well-baby care. As each plan can differ, it is important to consult with a health insurance broker about what each plan

› Verified 19 days ago

› Url: https://www.bbgbroker.com/what-is-hmo-insurance/ Go Now

› Get more:  HealthGo Now

HSA, HRA, and HMO: A Detailed Look - Business Benefits Group

Details: The insurance plan will outline a list of preferred providers. In some cases, the individual under the plan can go outside these providers, but the cost of services will likely increase or the services may not be covered at all. HMO (Health Maintenance Organization) Plans.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/difference-between-hsa-hra-hmo-plans/ Go Now

› Get more:  HealthGo Now

Examples of D&O Claims - Business Benefits Group

Details: Directors and Officers (D&O) insurance policies are a type of liability insurance for losses suffered as a result of the actions of a company’s board of directors and executives. Directors and officers owe a duty of care to the company’s shareholders, customers and employees. When they breach that duty of care, usually by failing to exercise reasonable care when making decisions, a D&O

› Verified 2 days ago

› Url: https://www.bbgbroker.com/examples-director-officer-claims/ Go Now

› Get more:  Insurance QuotesGo Now

Section 125 Plans - Do You Need One? - Business Benefits Group

Details: A Premium Only Plan allows employees to pay their portion of insurance premiums with pre-tax dollars, which in turn reduces both the employer’s and employees’ tax liability. Benefits that are typically offered within a Premium Only Plan include: health, dental, vision, accidental death and dismemberment and group term life insurance.

› Verified 3 days ago

› Url: https://www.bbgbroker.com/section-125-plans-do-you-need-one/ Go Now

› Get more:  Life,  HealthGo Now

What You Should Be Asking Your Health Insurance Broker

Details: The job of a health insurance broker is to provide clients with the best and most appropriate health insurance policies based on their unique needs and budgets. Brokers are authorized by specific health insurance companies to act on their behalf. Each health insurance company may offer different terms and rates that appeal to difference clients.

› Verified 3 days ago

› Url: https://www.bbgbroker.com/health-insurance-broker-questions/ Go Now

› Get more:  HealthGo Now

DBA Insurance - Business Benefits Group

Details: DBA Insurance covers almost 200,000 prime and subcontractor employees and generating annual government-wide premiums of more than $400 million. Although DOL approved a significant number of insurers to offer DBA coverage, the current market is dominated by three major carriers, with one of them having about three-quarters of the total market.

› Verified 5 days ago

› Url: https://www.bbgbroker.com/business-insurance/dba/ Go Now

› Get more:  Insurance QuotesGo Now

Understanding Workers Compensation Insurance - Business

Details: Across the United States, businesses of all sizes are required to buy workers compensation insurance.Each state has different requirements for employers, but the basic premise remains the same: employees are able to access benefits for medical treatment, lost wages, and disability if they suffer a work-related injury or illness.

› Verified 3 days ago

› Url: https://www.bbgbroker.com/workers-compensation-insurance/ Go Now

› Get more:  Medical,  BusinessGo Now

When Your Business Needs International Insurance - BBG Broker

Details: Other types of insurance that mirror domestic coverage may include auto insurance, workers’ compensation insurance, and accidental death and dismemberment insurance. Kidnap and Ransom Insurance. There are, however, international insurance policies that are unique to the global context.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/when-your-business-needs-international-insurance-coverage/ Go Now

› Get more:  AutoGo Now

What You Need to Know About Medical Loss Ratio Rebates

Details: A health insurance company may also put health assessments as an expense when used to manage certain health conditions. Do Subscribers Need Notification? If a rebate is issued to a policyholder, the insurer must send written notices to all subscribers informing them that a rebate has been provided. It is the responsibility of the plan sponsors

› Verified 2 days ago

› Url: https://www.bbgbroker.com/medical-loss-ratio-rebates-information/ Go Now

› Get more:  HealthGo Now

How Long to Keep Business Insurance Policies - Business

Details: Umbrella liability insurance is designed to protect business owners from major lawsuits that could wreak havoc on their assets and financial future. This type of extra liability insurance provides additional liability coverage above the limits of current policies and will usually kick in once existing liability policies have been exhausted.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/how-long-keep-business-insurance-policies/ Go Now

› Get more:  BusinessGo Now

Choosing the Right Health Insurance for Your Employees

Details: Having the right health insurance plan can improve employee health and productivity. The most common types of insurance plan include HSA, HRA, and HMO plans. Health Maintenance Organization (HMO) health insurance plans typically require less out-of-pocket costs, but can have less flexibility in the choice of hospitals and physicians.

› Verified 5 days ago

› Url: https://www.bbgbroker.com/choosing-health-insurance/ Go Now

› Get more:  HealthGo Now

A Comprehensive Guide to Group Stop Loss Captives

Details: Self funding insurance also allows for lower administrative costs. As self funded plans are void of insurance carrier profit margins, claim reserves, contingency margins, and premium taxes, employers can minimize the amount spent on administrative tasks. Self funded insurance also has a direct impact on a business’s cash flow.

› Verified 4 days ago

› Url: https://www.bbgbroker.com/comprehensive-guide-group-stop-loss-captives/ Go Now

› Get more:  BusinessGo Now

Life Insurance - Business Benefits Group

Details: Life insurance isn’t a fun thing to think about, and it may seem like an unnecessary expense. But if you have people who depend on you for financial support, then life insurance is really about protecting them in case something happens to you – your designated beneficiary would collect a financial benefit upon your death.

› Verified 27 days ago

› Url: https://www.bbgbroker.com/succession-planning/life-insurance/ Go Now

› Get more:  LifeGo Now

DBA Insurance Coverage Guidelines Made Easy - Business

Details: The insurance policy must also be maintained for the entire duration of the employment contract. What Are Insurance Waivers? If an employee acquires an insurance waiver, the employer or contractor must offer workers’ compensation coverage in the event of a work-related injury, illness, or death.

› Verified 4 days ago

› Url: https://www.bbgbroker.com/dba-insurance-coverage-guidelines/ Go Now

› Get more:  Insurance QuotesGo Now

What is EPO Insurance? - Business Benefits Group

Details: Insurance companies acknowledge that there are certain instances in which you may need immediate care and in these cases you may need to go to the nearest hospital, whether in-network or not. The Affordable Care Act requires insurance companies to treat out of network emergency care the same as in-network care.

› Verified 6 days ago

› Url: https://www.bbgbroker.com/what-is-epo-insurance/ Go Now

› Get more:  Insurance QuotesGo Now

The Four Major Types of Life Insurance - Business Benefits

Details: The insurance also offers a death benefit that includes life insurance proceeds that are income tax free to the beneficiaries. Variable Life Insurance Variable life insurance is a form of permanent life insurance where the cash value is invested in a number of sub-accounts, similar to mutual funds.

› Verified 3 days ago

› Url: https://www.bbgbroker.com/four-major-types-life-insurance/ Go Now

› Get more:  LifeGo Now

What is Disability Buy-Out Insurance? - Business Benefits

Details: Disability insurance provides peace of mind for an individual who has been severely injured or has a long-term illness, as it replaces lost wages for the injured or ill party. At the same time, the company is afforded the ability to pay the individual through a buy-sell agreement, which provides the money needed for a business to buy out the

› Verified 4 days ago

› Url: https://www.bbgbroker.com/what-is-disability-buy-out-insurance/ Go Now

› Get more:  BusinessGo Now

Section 125 Plan Common Questions - Business Benefits Group

Details: Example: Under a Section 125 plan, an employer offers its employees a traditional medical insurance plan and allows its employees to contribute pretax dollars to a Health FSA. Employee elects to contribute $2,000 during the 2012 calendar year.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/section-125-plan-common-questions-administration/ Go Now

› Get more:  Medical,  HealthGo Now

What Is A Benefits Consultant? - Business Benefits Group

Details: A diverse benefits package is an essential tool to keep top employees on board and invested in your company’s success Benefits consultants have in-depth knowledge of group insurance and employee benefits, such as health insurance, retirement plans, and more. They use a variety of tools to help employers compile the best possible benefits package to attract and retain employees, increasing

› Verified 2 days ago

› Url: https://www.bbgbroker.com/what-is-a-benefits-consultant/ Go Now

› Get more:  HealthGo Now

What Are DBA Insurance Rates and Benefits? - Business

Details: Insurance will cover all medical care, including hospital and surgical costs, medical supplies, and travel to receive treatment. Vocational rehabilitation is available for employees who are injured and cannot return to their former jobs. For more useful on central components of DBA insurance, review DBA Insurance: 5 Key Provisions.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/what-are-dba-insurance-rates/ Go Now

› Get more:  Medical,  TravelGo Now

D&O Insurance Explained - Business Benefits Group

Details: Directors and Officers Liability Insurance, also known as D&O coverage, is a type of insurance policy designed to cover certain actions taken by a company’s board of directors and executive officers.Claims can arise in a variety of situations, whenever directors and officers breach the duty of care that they owe to an organization’s shareholders, customers and employees.

› Verified 7 days ago

› Url: https://www.bbgbroker.com/do-insurance-explained/ Go Now

› Get more:  Insurance QuotesGo Now

Small Business Health Insurance Requirements

Details: Health insurance is an effective way to recruit and retain top talent. If you do make the decision to offer healthcare to your employees, know that there are many small business health insurance requirements, including a series of essential services. Health Insurance Requirements for Small Businesses.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/small-business-health-insurance-requirements/ Go Now

› Get more:  Health,  BusinessGo Now

Why Should I Consider An EPO Health Insurance Plan

Details: With EPO insurance, certain providers and hospitals contract with an insurance company at negotiated rates which are generally low compared to other health plans like PPOs. By negotiating more favorable reimbursement rates with in-network healthcare providers, members are able to enjoy lower monthly premium payments.

› Verified 5 days ago

› Url: https://www.bbgbroker.com/why-should-i-consider-an-epo-health-insurance-plan/ Go Now

› Get more:  HealthGo Now

Top 4 Reasons Employers Are Switching to Self Funding

Details: Insurance companies are charged state taxes on collected premiums. With a self-funded policy, premiums are only collected with excess loss coverage which is typically a fraction of the standard insured premium. This means that premiums are significantly reduced for employers who have self funding insurance. Employers may also save in other areas.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/self-funding-insurance-switch-4-reasons/ Go Now

› Get more:  Insurance QuotesGo Now

Different Types of Health Insurance & How to Choose One

Details: Providing health insurance can also lead to some hefty tax credits for your business. There are different types of health insurance designed to meet the unique needs of different employees. Some of these plans restrict provider choices or encourage members to choose from a network of doctors and hospitals.

› Verified 2 months ago

› Url: https://www.bbgbroker.com/different-types-of-health-insurance-how-to-choose-one/ Go Now

› Get more:  Health,  BusinessGo Now

What Does EPO Mean in Health Insurance? - Business

Details: EPO is one of the most common types of health insurance plans offered by employers. According to an eHealth survey, EPO plans accounted for 12 percent of all plans selected in 2018.An EPO is a managed care plan in which services are only covered if the patient sees a doctor, specialist or hospital within the plan’s network.

› Verified 6 days ago

› Url: https://www.bbgbroker.com/what-does-epo-mean-in-health-insurance/ Go Now

› Get more:  HealthGo Now

PPO vs. POS Health Insurance Plans - Business Benefits Group

Details: Insurance premiums are also a combination of PPO and HMO plans—usually falling in between the higher premiums of the PPO and the lower premiums offered by the HMO plans. The employee would also make co-payments for services, but in-network services copays are usually only between $10 and $25 per service.

› Verified 2 days ago

› Url: https://www.bbgbroker.com/difference-between-ppo-pos-health-insurance/ Go Now

› Get more:  Insurance QuotesGo Now

Five Types of Business Insurance You Never Knew Existed

Details: The insurance company may decide that because the truck has been specially outfitted for business purposes, it is a work truck and therefore excluded from coverage under a personal car insurance policy. For this reason, anyone who uses their vehicle for business purposes should consider purchasing commercial automobile insurance.

› Verified 3 months ago

› Url: https://www.bbgbroker.com/five-types-business-insurance-never-knew-existed/ Go Now

› Get more:  Auto,  BusinessGo Now

Why Should You Offer an EPO Insurance Plan? - Business

Details: Health insurance selection is one of the most important decisions a business owner will make on behalf of a company and its employees. According to a survey for America’s Health Insurance Plans (AHIP), 56 percent of U.S. adults with employer-sponsored healthcare benefits stated that suitable health coverage is a major contributing factor in deciding whether or not to remain at their current job.

› Verified 3 days ago

› Url: https://www.bbgbroker.com/why-should-you-offer-an-epo-insurance-plan/ Go Now

› Get more:  Health,  BusinessGo Now

What Is Errors and Omissions Insurance? - Business

Details: The insurance also does not cover damaged property or bodily harm. Instead, these areas are covered by general liability insurance. Also note that E&O insurance does not cover litigation from another injured person who may be on your insurance policy. Instead, this situation may be covered by directors and officers insurance, or D&O.

› Verified 3 days ago

› Url: https://www.bbgbroker.com/errors-omissions-business-insurance/ Go Now

› Get more:  Insurance QuotesGo Now