DP Brokers Inc. specializes in small to medium size companies. We will guide you through the maze of benefit information and options that will save the company money.
Did you know that offering voluntary benefits can save your company money? You can use these plans to lower OOP (out of pocket) expenses to your employees as well.
We represent most major group carriers and partner with you to try and reduce cost. We realize that the demands on business owners are great, our goal is not only to offer benefits but to make sure your employees understand how to use the plans and what their responsibility is in cost sharing. When your employees understand the benefits you offer them they are much less likely to use valuable HR time during the work day.
Reform is upon us and the better your company is positioned to conform to the new legislation the easier the transition will be.
Employers with less than 25 employees who pay at least 50% of the premiums now have an extra incentive to offer group health, dental and vision insurance!
Did you know that there can be up to a 35% tax credit for small business starting 2010 and in 2014 this goes up to 50%! The criteria is simple, offer employees who make on average of under $50,000 dollars per year group health insurance and your company can receive a 35% tax credit, this is in ADDITION to the standard deductions already in place.
Example of how this works:
Employees- 10
Average annual wages: $25,000
Total annual employer contribution: $70,000
Federal Tax Credit (35% of $70,000) $24,000!
In the next few years many changes are on the horizon, we will keep you up to date as changes that effect your business occur.
Please click here in order to access the Group Census Form
For more information on Employee Voluntary Benefits click here...
