GROUP HEALTH INSURANCE
What Group Health Insurance Covers
Group health insurance provides comprehensive medical coverage for your employees and their families, helping you attract and retain top talent while meeting regulatory requirements. This essential benefit covers medical expenses, prescription drugs, preventive care, and specialist visits, ensuring your workforce stays healthy and productive while protecting your business from compliance issues under the Affordable Care Act.
DENTAL & VISION INSURANCE
What Dental & Vision Insurance Provides
Dental and vision insurance are valuable supplemental benefits that enhance your overall employee benefits package. These coverages help employees maintain their oral and eye health through regular checkups, cleanings, and corrective procedures, reducing out-of-pocket expenses while demonstrating your commitment to comprehensive employee wellness and care.
DISABILITY INSURANCE
How Disability Insurance Protects Your Team
Short-term and long-term disability insurance protect your employees’ income when illness or injury prevents them from working. These benefits provide partial wage replacement during recovery periods, helping employees maintain financial stability while they focus on getting better. For employers, offering disability coverage reduces turnover and demonstrates genuine care for employee welfare.
LIFE INSURANCE
What Group Life Insurance Offers
Group life insurance provides financial security for your employees’ families at a fraction of individual policy costs. Basic coverage is often provided at no cost to employees, with options for additional voluntary coverage. This benefit gives employees peace of mind knowing their loved ones are protected, while helping you build a comprehensive benefits package that attracts quality candidates.
FLEXIBLE SPENDING ACCOUNTS (FSA)
How FSA Benefits Work
Flexible Spending Accounts allow employees to set aside pre-tax dollars for qualified medical and dependent care expenses, reducing their taxable income while providing valuable savings. These accounts complement your health insurance offerings and can include Health FSAs for medical expenses and Dependent Care FSAs for childcare costs. FSAs demonstrate your commitment to helping employees maximize their benefit dollars.
MEC PLANS (MINIMUM ESSENTIAL COVERAGE)
What MEC Plans Provide
Minimum Essential Coverage (MEC) plans are ACA-compliant health insurance options that meet federal requirements while offering cost-effective solutions for employers and employees. These plans cover essential preventive services at no cost to employees, including annual wellness visits, immunizations, and health screenings, while helping your business avoid ACA penalties. MEC plans feature lower premiums than traditional group health insurance but have higher out-of-pocket costs for non-preventive care, making them ideal for businesses seeking compliance without the full expense of comprehensive medical coverage.
Get In Touch
PHONE: (516) 292.3780
FAX: (516) 908.7879
Address
Corporate Headquarters
1140 AVENUE OF THE AMERICAS 9TH FLOOR,
NEW YORK, NY 10036
Georgia Branch
1372 PEACHTREE ST. NE,
ATLANTA, GA 30309
Email Us
INFO@GRANDBAYFINANCIAL.COM
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