Guru Insurance Benefits & Payroll

Avoid these 5 common health insurance mistakes

?? Success Story: Making a Real Difference at Work ?? At Guru Insurance Benefits & Payroll, we believe that the best business partnerships are those that not only save money but truly enhance the lives of employees. I want to share a story about one of our valued clients that is deeply committed to the well-being of its team. Five years ago, this company approached us concerned about the annual 10-15% increases in their health benefits costs. They generously covered 100% of medical, dental, and vision expenses for their employees but lacked coverage in other crucial areas. After a thorough review and strategic planning, we revamped their entire benefits package. The results were immediate and profound: -A 29% cost reduction upon installation of the new plan. -Over the past five years, they’ve seen only one increase under 5%, with all other renewals resulting in decreases. -Thanks to the savings, we introduced life and disability plans, providing even more security for the team. Tragically, last week, the company lost their office administrator, a wonderful individual who had been my direct contact and a friend for over five years. Her passing reminded us all of the real value of what we do. It’s always rewarding to help improve our clients' bottom lines. However, it’s infinitely more fulfilling to know that our efforts provide peace of mind and genuine support to the people behind the scenes. Business isn't just about numbers; it’s about making a lasting difference in people's lives. #EmployeeBenefits #SuccessStory #BusinessGrowth #Insurance #Benefits

???? Discover the Hidden Gems of Florida Blue's Group Health Insurance Plans! ?? As a Florida Blue client in the Sunshine State, offering health benefits to our employees is a crucial part of attracting and retaining top talent. But did you know that Florida Blue's group health insurance plans offer more than just standard coverage? Here are three lesser-known perks that could make a significant difference for you and your team: 1. Telehealth Access: In today's fast-paced world, convenience is key. Florida Blue's plans often include access to virtual visits, allowing your employees to consult with healthcare professionals from the comfort of their own homes. This can lead to quicker diagnoses, reduced absenteeism, and overall healthier employees. 2. Wellness Incentives: Healthier employees mean a healthier bottom line. Many of Florida Blue's plans offer wellness programs that reward employees for maintaining a healthy lifestyle. From gym membership discounts to wellness coaching, these incentives can boost morale and productivity in the workplace. 3. Employee Assistance Programs (EAP): Mental health is just as important as physical health. Florida Blue's group plans often include EAPs, providing confidential counseling and support services to employees facing personal or work-related challenges. This can help improve employee well-being, reduce stress, and foster a supportive work environment. Offering a group health insurance plan is not just providing coverage; but you're investing in the overall well-being of your team. Explore these hidden perks and see how they can benefit your business and employees! #FloridaBlue #GroupHealthInsurance #EmployeeBenefits #WorkplaceWellness #Healthcare

Health care costs can vary by as much as $367 PMPM depending on where your customers' employees live. Explore ways to help them manage those costs.

?? Attention Employers with 2-250 Employees! ?? Are you looking for a smarter way to manage your health insurance costs? Consider the benefits of level-funded or self-funded health insurance plans: 1. Budget-Friendly: With fixed monthly costs, level-funded plans provide predictable expenses, helping you manage your budget more effectively. 2. Significant Savings: On average, groups transitioning from fully insured to level-funded plans experience savings of 10-15%, with the potential for refunds if claims are lower than expected. 3. Customizable Coverage: Tailor your plan to fit the unique needs of your employees, ensuring they have the right coverage without unnecessary extras. 4. Transparency: Detailed reporting on your healthcare spending gives you valuable insights, allowing you to make informed decisions about your plan. 5. Regulatory Advantages: As a form of self-insurance, level-funded plans can offer certain benefits under ERISA, simplifying compliance. 6. Attract and Retain Talent: Offering competitive health benefits is key to attracting and retaining employees, especially in a small to medium-sized business. Level-funded health insurance plans can provide a cost-effective and flexible solution for your business, balancing budget management with comprehensive coverage for your team. Interested in learning more about how these plans can benefit your business and employees? Let's connect and discuss the possibilities! #HealthInsurance #LevelFundedPlans #SmallBusiness #EmployeeBenefits #CostManagement

?? Exciting News for Small Businesses! ?? As the owner of a small business, I understand the challenges we face in providing health insurance for our team members. But did you know? According to the National Small Business Association's 2021 Health Care Survey, over 50% of small businesses now offer health insurance to their employees, a significant increase from previous years! This is a huge win for both employers and employees, as it not only helps attract and retain top talent but also ensures the well-being of our hardworking teams. At Guru Insurance Benefits & Payroll, we're proud to be part of this growing trend, prioritizing the health and happiness of our valued employees. This past week, we assisted four clients in implementing simple and effective benefit plans for their employees for the first time! Let's continue to support each other and make a positive impact in the lives of our teams. Together, we can build stronger, healthier businesses for the future! #SmallBusiness #HealthInsurance #EmployeeBenefits #BusinessGrowth