Large & Small Group Benefits
The key to Northern Insuring Agency, Inc.’s disciplined approach is having highly qualified professionals lead you through a time proven process. We work with our clients to know their company and industry intimately.
The result? Intelligent, individually tailored solutions –
the kind that make your firm a destination of choice for highly qualified employees in your industry.
Have an insurance question? We can help!
We enjoy helping customers with their insurance questions, call us today for more information at 800.807.6542
Please be advised, some products and services may not be available in your area.
We have the options you need to make sure your company’s overall compensation plan helps attract and retain high quality employees.
Health insurance is an important benefit for your employees. Having the right plan can give your business a competitive advantage as part of your overall compensation program.
In fact, many people who would otherwise be qualified to run their own businesses may work for yours because of access to your benefits program. Let us help you find the best program for you.
Dental insurance is equally important to health insurance because dental disease is still prevalent. Being protected by a dental plan and using it wisely is a necessary safeguard for your employees.
Dental plans are designed to help you and your employees get the care you need at a reasonable cost. Because each person’s oral health is different, costs can vary widely.
To control dental treatment costs, most plans will limit the amount of care you can receive in a given year by placing a dollar “cap” on the amount of benefits you can receive, or by restricting the number or type of services that are covered.
Group Life Insurance:
Group life insurance can be an easy benefit to set up that is also inexpensive for the employer. Many group life plans give the employee the option of adding additional coverage for themselves, spouses or dependents at reasonable rates.
Group Disability: The purpose of disability income insurance is to partially replace the income of employees who are unable to work because of sickness or an accident.
At all ages, the probability of being disabled for more than 90 days is greater than the chance of dying. One out of every three employees will be disabled for at least 90 days during their working years, and one out of ten can expect to be permanently disabled prior to age 65.
Ancillary Services: Northern Insuring Agency, Inc. offers a variety of ancillary services such as:
- Summary Plan Descriptions
- Employee Benefits Statements
- Educational Seminars
One of your employees requests that their health insurance carrier cancel health coverage on one of their dependents. Then, the dependent sues you, the employer, for failure to inform him of his rights under COBRA legislation. Did you provide the employee and dependent(s) with an initial COBRA notice?
This is just one scenario that can plat out in the face of COBRA. While this legislation was written with large corporations in mind, it is small businesses that face the most severe hardships should a mistake occur. A simple review of your needs or a quick audit of your current procedures can provide significant protection against these risks.
Employers with superior executives usually have two major concerns:
- How do I reward them in a way that encourages them to stay with me?
- How would I replace them should something happen?
There are several types of Executive Benefits policies, including:
- Key Person
- Deferred Compensation
Section 125 Plans
A Section 125 plan or, as it is often referred to, Cafeteria Plan is a benefit that allows employees to have some choice in designing their own benefit package by selecting different types or levels of benefits.
Employees can choose from insured benefits, a medical reimbursement account or a dependent care account. Employee contributions can be made on a pre-tax basis – before Federal, State and Full FICA, while qualified reimbursements are made tax-free.
Currently have a Section 125 Plan through Northern Insuring Agency? Log in below to submit a claim, check on your claim status, view your account balance, or review a list of reimbursement items.
Health Reimbursement Account
An HRA is a type of personal savings account from which un-reimbursed medical expenses can be paid. They are established by the employer for its employees.
Health Reimbursement Arrangements (HRAs) are plans designed to help employers and employees lower healthcare costs. They are employer funded arrangements that are often paired with high deductible health plans, although they can be paired with non-high deductible health plans as well. HRAs have considerable design flexibility for the employer and are a great added benefit for employees.
An unexpected illness or serious injury can ruin a family financially if they do not have some basic coverage.
Most insurance companies offer the same types of healthcare plans to all groups:
- HMOs (Healthcare Maintenance Organizations)
- PPOs (Preferred Provider Organizations)
- POSs (Point of Service Plans)
- EPOs (Exclusive Provider Organizations), and
- HDHP/HSAs (High Deductible Health Plans/Health Savings Accounts) generally offer different levels of copays or deductibles to keep premiums within budget.
Employers must determined what coverage, premium, deductible and out-of-pocket expense will best suit the needs of their employees and their budget.
Group insurance is generally available to an entire assemblage of people, no matter what their health status.
We are here to assist you in finding a plan that protects your employees while staying within your budget.
Three Locations to Better Serve You
*Our Whitehall office has moved to Glens Falls!*
Monday – Thursday 8:00 am – 4:30 pm, Friday 8:00 am – 2:30 pm
171 Margaret Street
Plattsburgh, New York 12901
Glens Falls Office
136 Glen Street
Glens Falls, New York 12801
69 Market Street
Potsdam, New York 13676
Phone: (315) 769-2404