As an Employee Benefit Advisior, I keep coming up against the struggle of small, low wage employers trying to offer a decent benefit package to their employees. This is not too hard until a person with health conditions makes the group renewal out of everyones price range. As a member of Management 2000, an Indiana PEO company, there are many tools at our disposal to circumvent this problem. A popular option is the introduction of Individual Health plans deducted through list bill. This allows the eligible employees to continue coverage at a fair price. Unfortunately, the unhealthy individual will have to find coverage through another source, but we have a full service insurance agency to find those solutions. The other problem with Individual plans is that due to the inherit descrimination factor of those plans, they are not eligible for any portion of the premium to be paid by the employer. Some of the HR Resource tools we use to get around this are setting up HRA or HSA programs to allow the employer to legally offset employee health expenses. Contact Management 2000 a small business PEO at http://www.management2000.com to learn more about these and other innovative strategies available for your company.
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