Frequently Asked Questions
Is a group policy any better than an individual one?
It all depends on your needs. Generally speaking, group insurance policies are more beneficial because they are less restrictive than individual insurance policies. In many instances, group policies can help to minimize the costs of health insurance. Group insurance can also help to create goodwill, stability and loyalty within your company. EBI will gladly asses your unique situation to determine if group insurance is the best fit for you.
How many people do I need to qualify for group insurance?
To qualify for group insurance you need a minimum of two employees with at least one of them participating in the plan. Because one-person group premiums are often times lower than premiums on individual policies, EBI will work with your group, no matter what its size, to help you acquire the best plan.
Are there any tax breaks for employers?
There certainly are. Most importantly, you can write off group health insurance as a business expense. EBI will take such incentives into consideration when helping you to determine the affordability of a group health insurance plan.
Are there any tax breaks for the employees?
Yes, employees can also benefit from tax incentives when they are part of a group insurance plan. For example, employees can pay their portion of the monthly insurance premium with pre-tax dollars.
I’ve heard a lot about something called “COBRA”. What is it?
COBRA stands for the Consolidated Omnibus Budget Reconciliation Act of 1985. COBRA requires the majority of employers with group health plans to temporarily offer employees the opportunity to continue their group health-care coverage under their employer’s plan if their coverage would otherwise cease due to termination, layoff, or other changes in employment status. These are referred to as “qualifying events”. Because COBRA protocol can become quite complicated, please feel free to contact us. We would be glad to help clarify any of your concerns.
Will one person with a below-average medical history have a higher premium than the rest of our group?
No, definitely not. No individual can be excluded from the group health plan due to their health history. Also, a group cannot be turned down because of the health of one individual. If you run into any obstacles while attempting to obtain health insurance for your group, EBI will help you find ways to handle them.
I am hearing that the government is aiming to reform national health care. How are changes in the government likely to affect my insurance plan?
It is impossible to know which direction the government will take in reforming the nation’s health care system. However, our team is committed to staying current on any changes and how they might affect our clients and their coverage. We can help guide you in your insurance decisions.
Do you offer anything besides group health insurance?
EBI offers a wide variety of insurance plans, too many to list here. If you are interested in learning about individual health insurance, group life insurance, short-term disability insurance, dental insurance, Medicare supplements, long-term disability insurance, vision insurance or any other insurance plan, please feel free to contact us and we would be pleased to answer all of your questions.
I’m looking for Employers Insurance Group, is EBI affiliated with them?
No we are not. Employers Insurance Group is a group of companies providing workers’ compensation and other services to small businesses. If you are trying to reach them, call 1-888-682-6671.
How can I get more information about a specific product or plan that I am interested in?
The EBI team is always available to address any questions or concerns you may have. The easiest ways to reach us are by phone at 775-786-6381 or by email at firstname.lastname@example.org.