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Group Health


Group Health Information

Before Floss Agency starts quoting plans for its clients, we spend time and effort understanding client needs. In addition, Floss Agency helps clients build competitive benefits packages by comparing the benefit features within their industry, geographic area, and company size.

Your Company’s Participation Rate

In general all providers want to see that at least 50% of the persons eligible in the group are interested in enrolling in the insurance or have other coverage. Having a high participation rate prevents “adverse selection” (where only the persons with high plan usage enroll).

Your Company’s Contribution Rate

Most companies want to make paid or subsidized health insurance part of their employee benefit package. As a business, you need to decide what level of contribution your company will make to subsidize the monthly insurance premium. For example, many companies pay 100% of the employee only premium and 50% of the difference for employee plus spouse. Most providers offer flexibility in how subsidies are established and premiums are collected. Companies with low contribution rates often find associated low participation rates in their groups. Establishing a significant contribution rate from your company often translates into higher participation rates and this in turn provides superior plan alternatives and pricing.

Need More Info? Want a Quote?

You can contact us today for more information.

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Securities and advisory services offered by Cadaret Grant & Co., Inc.  |  Member FINRA/SIPC 9092 Main Street, Clarence, NY 14031 716-631-0190  |  Licensed in New York, California, Florida, Texas & Tennessee. | Floss Agency and Cadaret Grant are separate entities.