One of the most important decisions to make when looking at setting up a benefits plan is whether you are looking for a Defined Contribution Plan (Traditional Group Insurance – Traditional) or a Defined Benefits Plan (Healthcare Spending Account – HCSA).
The HCSA is a great fit for Small Business Owners interested in a more tax-effective way to pay for expected personal medical and dental claims. And, if the SmallBiz Owner wishes to extend benefits to their employees, then the HCSA is also the ultimate way for Small Businesses to control their health and dental benefit program costs.
A Traditional program works best for the business that is looking for peace of mind (insurance) for their employees. There are many cost-effective ways a Traditional benefits plan can be set up so that it works for your organization.
Connect with Sharkey Group Insurance to discover how to build and maintain “The Right Benefits Plan at The Right Price”.