Employer-Sponsored Insurance Tailored for Your Clients

Find out how your clients can offer employer-sponsored health insurance and more, including Group Health and COBRA Administration.

June 8, 2009
Sponsored by Paychex

Health Insurance — The Big Picture

Employer-sponsored health insurance is one of the top benefits job candidates look for when choosing an employer. Given the fast-rising costs of healthcare, many of your business clients may assume that, unless they already offer health insurance benefits, they simply can’t afford them. They may not realize that group insurance rates and benefits are available for companies as small as two employees.

The Benefits to Business Owners

Offering health insurance can help your business clients attract and retain employees, especially in fields where there is competition for good workers. Voluntary insurance, which provides a broad selection of benefits, allows employees to choose what is best for their needs, at little or no cost to the employer. Along with recruitment and retention, there also are tax advantages to offering health insurance for employees. The first is that employer-paid coverage is not subject to income and employment taxes. Second, self-employed taxpayers may deduct 100 percent of their health insurance premiums, even if they don’t itemize their deductions. Third, there are tax-advantaged accounts available to employees to help pay medical expenses.

Insurance Solutions Tailored for Your Clients

The Paychex Agency partners with more than 150 insurance carriers across the country to provide insurance coverage to over 70,000 companies. We find what best suits individual businesses, and if your clients already have payroll with Paychex, we offer solutions other companies can’t. Our insurance services include:

Group Health
Our licensed agents help companies compare plans to match the needs of their business. After they select a plan, Paychex Agency helps enroll their employees, communicates with their insurance carriers, and initiates payroll deductions. The seamless communication between Paychex Agency and their insurance carrier reduces administrative tasks, making them more accurate and compliant.

COBRA Administration
Federal and state mandates specify that the sponsors of group health plans provide covered employees and their beneficiaries with the opportunity to continue health coverage if it is lost due to a qualifying event. Paychex Agency offers both Consolidated Omnibus Budget Reconciliation Act (COBRA) and state continuation services that help businesses remain in compliance.

Voluntary and Individual Insurance Services
We also offer a broad range of additional insurance products including: individual health, life, disability, long-term care and personal property and liability insurance.

To learn more about Paychex Insurance Services and potential savings for your clients, call 1-877-266-6850 or visit www.paychex.com.

Paychex is proud to be the named provider for the firm-based AICPA Member Retirement Program, and preferred provider of payroll and retirement plan services for CPAs through the AICPA Business Solutions Program.