• Home News Virginia Employee Benefit Consultants Discuss Self Funded Insurance Plans

Virginia Employee Benefit Consultants Discuss Self Funded Insurance Plans

Posted 23 Jan-2020 12:10 PM by Jonathan | 44

Fairfax, Virginia (pressreleasepower) January 23, 2020 - The Northern VA employee benefits consultants at BBG Broker recently released a blog educating readers on the benefits of self funded insurance plans. This type of insurance gives employers additional savings and flexibility over traditional insurance plans.

Empathize with readers who are employers who offer health insurance to their employees. Discuss the stress of having to pay a large portion of upfront costs for health insurance and having employees who don't take full advantage of the insurance (not in a bad way).

Offering health insurance to employees can help retain high performers, but it can also be stressful. Traditional insurance requires employers to pay large up front costs, and when employees don't take full advantage of their benefits, employers are left with no ability to recoup their investment. Self funded insurance plans, meanwhile, allow employers to pay for claims as they're made, with provisions in place to help them pay for claims related to serious illness or injury.

Small and large businesses alike can benefit from establishing self funded insurance plans. These plans typically offer improved cost savings because they let employers dictate how the account should be managed, rather than relying on an insurance provider's pricing and discounting strategies. There's also better flexibility when it comes to choosing and implementing a wide range of benefits. Unlike traditional insurance plans that require the payment of monthly premiums, self funded plans are only funded as necessary, enhancing cash flow throughout the year. The regulations around self funded plans are also less stringent than traditional models, which can help employers choose the perfect combination of benefits and payment structures for their needs.

Speak to the benefits at BBG Broker for more information about self funded insurance models. The brokerage's experienced staff can help you choose the best type of insurance model for your company, then assist you in implementing the chosen program. BBG Broker can also provide a number of other business solutions, including benefits consulting, succession planning, and HR compliance and technology support. Contact BBG online at https://www.bbgbroker.com or by phone at 844-201-3612. The brokerage is located at 4069 Chain Bridge Road, Top Floor, Fairfax, VA 22030.

 


Company Information

Company Name Contact Person Contact Number Email Id Website
Business Benefits Group Jonathan Martin 7034773182 [email protected] https://www.bbgbroker.com

Latest News

Stylist Anthony Edward Launches New Skin Care Line GenderLogica for all Genders and Skin Types Excluive

GenderLogica is affordable line of cruelty-free and fragrance free skin care products made with premium grade ingredients for all genders and skin typ...Read More


Giner Lab Goes Freestyle With Lab Flooring Installation Excluive

Newton, MA and Avon, MA, February 20, 2020 -- SelecTech, Inc., a leader in the manufacture of innovative flooring products with long-term value and im...Read More


Edinburgh Letting Agent Celebrates Strongest Year to Date Excluive

Clan Gordon, founded by brothers Andrew and Jonathan Gordon in 2008, has seen its properties under management grow by three per week on average, with ...Read More


EVERYONE MUST KNOW ABOUT THE TYPES OF HEART ATTACKS Excluive

Heart diseases are extremely common all over the world; but, the rising of disease statistics is a cause for anxiety. Each and every heart condition i...Read More


JC Howell Teams with WWII Soldier James Dorris to Examine the Purpose of Life Excluive

A Dachau liberator’s tale told by an expert storyteller will reignite readers’ search for personal meaning in today’s world.DALLAS, Tex. — Wor...Read More


Cleaning Supplies For Businesses: What You Need to Know Excluive

Looking for cleaning supplies for your business online, it can be hard to determine what provider to use. There are some characteristics of companies ...Read More


Discovery Map's Sam and Ann Douglass celebrate 25 years of Making Maps, Friends and Memories Excluive

Laconia, NH, Camden, ME, Rockland, ME, Hampton Beach, NH, Kennebunkport, ME, Wells, ME, York, ME, Ogunquit, ME, and Waitsfield, VT, Feb 15, 2020 -- In...Read More


Boost your sales by Choosing the Best ecommerce seller support service Excluive

When all is said in done, online business is characterized as the offer of items and services utilizing system associations gave by the web, including...Read More


Choose Rhino Pressure Cleaning for your High Pressure Cleaning Roof Tiles Excluive

If you are looking for services which would help you in maintaining your home and your commercial space without doing anything, then going for Rhino...Read More


Warm, Wet Winter Means More Bugs. Go-Forth Pest Control Anticipates Heavier Insect Pressure this Spring Excluive

Go-Forth Pest Control anticipates heavier insect pressure this Spring. This winter has been especially warm and wet. This means homeowners should be p...Read More


Altius Technologies Ready to Network at Digital 1to1 Barcelona Excluive

What would be a better opportunity to connect with industry experts than getting a chance to interact with them on a personalized one-on-one level? Th...Read More


Gong Cha Announces A New Store In Brooklyn With 15% Off On All Purchases Excluive

New York, USA - The long wait is finally over. Gong Cha, manufacturer of the best bubble tea in the world, is opening a new franchise in Brooklyn, New...Read More


StoneFly Announced Disruption-Free Live VMware VM Migration DTDs Excluive

StoneFly, Inc. the original innovator of the iSCSI protocol and a recognized leader in the data storage, hyperconverged, and backup and disaster rec...Read More


Agadir, An Integrated Economic Hub and Locomotive for the Entire Region Excluive

In the framework of the Industrial Acceleration Plan launched in 2018, the King of Morocco inaugurated the City of Innovation and launched the Agadir ...Read More


US Capital Global Business Credit Income Fund Launches Capital Raise in Fourth Year of Performance Excluive

Private investment fund providing direct loans to highly promising businesses publishes performance figures over the past three years and initiates ca...Read More


Gong Cha Grand Opening Of Lotte Plaza Market Store Excluive

New York, USA - Gong Cha, the best bubble tea manufacturer in the United States and all over the world has now opened a new franchise in the Lotte pla...Read More


Buy Branded Food From Online Grocery Shopping Site Basketor in Faridabad Excluive

Faridabad,Haryana,India – February 11, 2020 Basketor have collection of three thousand imported products from US, UK, Thailand, Taiwan and West ...Read More


How to Combat Dead Skin Issues During Winter Excluive

Winter is a time when the health of our skin is tested. We often find ourselves itching and battling against dry and dead skin that causes irritation....Read More


Angelo Sferrazza Talks About Why In the Year 2020 is a Good Time to Start a Business Excluive

With the corona-virus affecting a lot of the stocks in the stock market this makes a good opportunity to get good deals on buying businesses.Cincinnat...Read More


Altius Technologies Ready to Attend the Big Show Muscat 2020 Excluive

The Big Show Muscat 2020 is a large platform specially organized for networking of global leaders from the building and real estate industry. This is ...Read More


Cannabis Therapy South Africa Launches in Europe and America Excluive

Cannabis Therapy South Africa an established medical cannabis supplier  recently announced that their products are now available in Europe and Am...Read More


Recent Releases