Kiser Benefits Advantage

Whether on a personal or business basis, KBA is here to analyze every situation and implement appropriate insurance solutions for everyone. At Kiser Benefits, our experience and knowledge allow us to provide you with valuable information and educate you on the complex world of healthcare. We strive to go the extra mile and provide more than just insurance-ACA compliance, HR platform and customer service set us apart in the industry. Contact us today to see how we can help you!

We are a little more than halfway through 2022, the renewal date for your benefits is not until January 1. You’ve got plenty of time to get this done. Right? Maybe, but looking at your benefits package mid-year may be the best time to begin the process.

1. No changes to your benefits are scheduled for several months. It’s the perfect time to evaluate your entire package and to begin thinking about any changes that you would like to consider, or that your employees have been requesting. An employee survey can be quick and easy and often gives valuable (and sometimes surprising) insight into the perception of the benefits package. At the very least, it lets employees know that their opinion matters and that what they want is being considered.

2. Benefits can be expensive and are getting more and more complicated. Staying in compliance is always an issue. The best time to evaluate value and liability is when the heat is off, not when faced with the pressure of renewal.

3. Mid-year is the perfect time to consider health insurance programs, whether currently being offered or not. For companies with 50 or more FTE’s (full time equivalent employees), providing health insurance is not an option. The Affordable Care Act mandates that affordable health insurance be offered by these companies. So, let’s break this down:

A. Companies with more than 50 FTE’s are required to offer affordable health insurance to their employees. There are options, however. Depending on company demographics, a fully insured plan may be the best option. But in many cases, a self-funded, or partially self-funded (Level Premium Plan) may be the better value. The potential savings are worth the analysis to determine the most appropriate plan. This analysis should be completed before the renewal process begins.

B. Companies with less than 50 FTE’s are not required by law to offer health insurance. Is making health insurance a part of the benefits package a good idea? Careful analysis is the only way to answer this question and doing this analysis months in advance of renewal only makes sense. Companies often conclude that the value of their benefits package is enhanced by NOT offering health insurance.

To properly evaluate benefits and to communicate effectively with employees takes effort and planning. Giving yourself 30 or 60 days after you have received unfavorable renewal information leads to reactive decisions and hurried communication with employees. Benefits are too expensive and valuable to employees to be put on the backburner. Give yourself time to do this right. Now is the perfect time to start the process!

Something that is not fun to talk about, but so necessary...Life Insurance. It is critically important because it provides protection when it is needed the most. Thoughtful planning is required and can be complex. There’s much to consider and it’s easy to get bogged down in the details and lose sight of what’s important. Don’t let it overwhelm you. Keep what’s important at the forefront of your mind and in your sights. Applying for life insurance has gotten easier with technology allowing for online applications and electronic document submission. Let us help you determine what is necessary to protect your family.

Kiser Benefits Advantage updated their address.

For years, small business owners have been faced with the difficulty of finding answers or making sense of escalating group health plan costs. And now, Covid has entered the picture, bringing employers a new set of challenges-attracting and retaining quality employees.
At KBA, we have realized this problem and have found the solution! We have put together a robust benefits package that is attractive to your current and potential employees, but is also affordable to you, the employer.
The "Foundation Plan" starts by offering the employees dental, vision, life, long term disability and telemedicine. This plan also includes employer access to a Human Resources consulting services platform at no extra cost.
Contact us today for a personalized strategy that is tailored to fit your small business needs!
www.kiserbenefits.com

Honored to have a sit down with local realtor and Holly Springs Chamber of Commerce Amdassador, Rich Keck to discuss KBA’s background and all we have to offer!

Kiser Benefits Advantage Kiser Benefits Advantage is a local company servicing small, medium, and large businesses with employer benefits, life insurance, & long term disability.

At Kiser Benefits Advantage, we specialize in health & life insurance; offering group health benefits, individual health insurance, life insurance, ancillary products, telemedicine, One Share Health plans and more!
We have a unique blend of experience, innovative ideas, and commitment to personal service in assisting employers with design and implementation of group benefits and individual insurance needs.
Setting us apart is our drive to provide you with valuable information and educate you on the complex world of healthcare. On this page, we will post various articles written by owner, Bill Kiser, that will address many questions the everyday insurance consumer has about today's health insurance. It can be overwhelming and confusing-let us help you!