Employers are continuously faced with rising costs and reduced benefits. Maintaining a balance between cost and quality of coverage becomes more and more challenging with each enrollment.

Vantage Assurance Group is an independent health care, life insurance and disability advisory company that specializes in offering and providing a broad range of plans and products. Tax favored plans, such as, HAS, HRA and Section 125 plans are also offered. These plans, combined with a High Deductible Health Plan, can reduce payroll taxes and your overall health care and insurance budget.

Managing Health Care Cost
Your company may consist of 2 or more than 50,000 employees. Size is relative when it comes to managing Health Care costs and other related insurance coverage. To support the employer, we offer a broad range of products, knowledge and the ability to draw on key resources to assist you with your decision. To facilitate this process, consideration will be given to a number of components. We gather information regarding your goals, objectives and a host of other considerations, such as:

• Budgetary issues
• Exploring and selecting a comprehensive plan
• Coverage deductibles, co-pays, prescription plans and network coverage
• Employee administration before and after you have selected a plan
• Enrollment preparation and assistance
• Plan administration and support throughout the year
• Your relationship with the broker
  

Group Retiree Medical
This plan is designed to provide health care to employees 65 years or older and will lower the employer’s overall group premiums. Coverage is available to eligible retirees and/or their eligible spouses. Premiums can be paid by the employer or the retiree, coverage includes: prescription drugs, vision and a host of additional benefits. The plan has three options:

• Basic coverage
• Coverage with extended Skill Nursing Facility
• Coverage with extended Skill Nursing Facility, Medical Expense, Foreign Travel and Private Nursing
  

Locate Your Doctor and a Hospital Near You
The insurance plans offered have the largest network of providers and facilities in the nation. Use our search directory on the left to find your doctor and a hospital near you.

• PPO – Preferred Provider Organization
• POS – Point of Sale
• HMO – Health Maintenance Organization
• Ancillary Group Products
  
  • Dental
  • Vision
  • Chiropractic
  • Acupuncture

Legislative initiatives now provide a number of tax favored plans for employers and their employees. Insurance carriers now offer High Deductible Health Plans to be combined with Health Saving Accounts (HSA) to achieve tax favored status. These plans can be offered to employees as a group which ultimately reduces the employer’s overall health care budget

Health Savings Accounts (HSA) for Employers and Employees
This plan is a tax-favored account combined with High Deductible Health Plan and allows employers to set aside funds to pay for qualified medical expenses for employees and their covered family members.

Health Reimbursement Arrangement (HRA) for Employers
Allows the employer to contribute funds for qualified medical expenses such as; employer sponsored health plan deductibles. Each year the employer can pledge a certain amount. Unused funds to a maximum dollar amount, maybe carried over on an employee by employee basis, added to the employee’s account, capped off or a combination thereof, provided that all employees are funded and treated equally.

Section 125 Plans
Section 125 plans are tax favored accounts that reduce the overall cost of providing and managing employer sponsored health care. Employers can reduce Federal and State payroll taxes associated with (FICA, FUTRA, SUI, and worker’ compensation premiums by the amount set aside for qualified expenses.

Flexible Spending Account (FSA) for Employees
Employees who participant in this plan are able to off set medical expenses that would normally be paid by after tax income. Depending on the individual’s income, this benefit could provide substantial savings. Employees should look back to previous years and decide weather medical expense such as; health care provider deductibles, co-pays, over the counter drugs and other expenses associated with doctors are reoccurring. This information will allow you to plan more effectively as the use it, or lose it, rule applies to this plan.

POP – Premium Only Plan
Under Section 125, allows you to pay for health care premiums with pre-tax salary dollars. Both the employer and their employees can benefit by this tax favored plan. The employer’s federal, state and worker’s compensation taxes are reduced by the amount of the premium paid, which ultimately reduces payroll taxes. In turn, the employee’s portion is also reduced.

Please note that all group applicants could be subject to field underwriting by the representative and the insurance company. Applicants with pre-existing conditions could be subject to additional underwriting, rated premiums, exclusions, waiting periods and or declined from coverage by the insurance carrier.

Insurance products are offered through Vantage Assurance Group DBA Venue
Insurance Agency a California Licensed Insurance Agency Number 0C17317
Insurancevenue.com is the Registered Domain for Vantage Assurance Group

Put the Power of Independence to Work for You
Call 800-393-3838 or e-mail wecanhelp@insurancevenue.com today for an initial consultation without obligation.