Group Health
Supporting Your Business' Group Health Insurance
Group Insurance
As a small business ourselves, at Lourie Life & Health we understand that choosing the right health insurance plan for your employees is crucial for their well-being and your business's success. There are many options for you to consider, which include:
Fully-Insured Plans
Fully-Insured Plans are traditional group health insurance plans where the employer pays a fixed premium to the insurance carrier. The carrier assumes the risk and responsibility for paying claims. These plans are straightforward and provide predictable costs for budgeting purposes. Employers can choose from a variety of plan options to best meet the needs of their employees.
Key Features:Level-Funded Plans
Level-Funded Plans combine elements of both fully-insured and self-funded plans. Employers pay a fixed monthly amount that covers administrative costs, stop-loss insurance, and claims funding. If claims are lower than expected, the employer may receive a refund at the end of the year. If claims are higher, stop-loss insurance protects against excessive costs.
Key Features:Individual Coverage Health Reimbursement Arrangements (ICHRA)
ICHRA allows employers to provide employees with a set amount of money to purchase their own individual health insurance plans. This arrangement offers flexibility and can be tailored to meet the diverse needs of employees. Employers can control costs by setting a defined contribution amount.
Key Features:Supplemental Benefits
Supplemental Benefits provide additional coverage to help employees manage out-of-pocket costs not covered by primary health insurance. These benefits can include accident insurance, critical illness insurance, hospital indemnity insurance, life insurance, dental, vision, and more. Offering supplemental benefits can enhance your overall benefits package and support employee retention and satisfaction.
Key Features:
What We Do
At Lourie Lourie Life & Health, our commitment extends far beyond simply offering insurance plans. We pride ourselves on delivering a personalized touch, a stark contrast to impersonal call centers.
As your local, hands-on broker, we are dedicated to guiding you through every step of the client experience. Our service encompasses not only the careful selection of your group plan but also the ongoing service and support that has made the Lourie Life & Health Agency an award-winning agency in South Carolina.
Our comprehensive service includes:
Contact us for more information about how Lourie Life & Health can help you provide the coverage your employees want and need to help you grow your business.