Employee Benefits

Better Benefits. Lower Payroll Costs

About Our Firm

A Self Insured Medical Plan is an employer-sponsored workplace program that allows employees to supplement their benefits with zero net out of pocket costs.

First Gen Health may reduce payroll costs by up to $1186 per W2 employee and result in a net decrease in payroll & healthcare costs

Benefit to the Employee.

Increased benefits at $0 out of pocket cost. Benefits such as health insurance, life insurance, and other VB available. With healthcare extending to their family.

Increase in Take Home Pay

Increased satisfaction with employer and benefits plan.

Benefit to the Employer.

Ability to offer better & more comprehensive benefits to staff

No out of pocket cost + average $1186 in net EBITDA increase per employee per year. Additional potential to save on insurance premiums.

Increase in business profitability & valuation by directly decreasing payroll expenses.

Increased employee satisfaction & retention.

Give your employees the coverage they deserve. With rising premium costs, giving employees access to affordable coverage is key. Be the employer who cares. Additionally, First Gen Health may reduce payroll costs by up to $1186 per W2 employee and result in a net decrease in payroll & healthcare costs.

Employee Benefits Highlights

$0 Copay

12 Rx Home Deliveries

12 Virtual Urgent Care Visits

12 Virtual Primary Care Visits

12 Virtual Counseling Sessions

Primary Care

Generic Rx

Hospital Bill Advocacy

About Our Firm

A Simple, Proven Process

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01.

Document Collection

Gather Payroll Documents.

02.

Underwriting & Calculations

Eligibility Review and Pro forma Creation.

03.

Implementation & Education

Educate team and implement benefits.

04.

Benefits & Savings

Activate Benefits & Optimize the Company.

FAQ

Will this affect any coverage we have in place?

No it does not affect anything you currently offer, in fact it complements it, and adds a layer of coverage team members don’t have to pay for out of pocket.

Is the Enrollment Process a burden?

Easy 1-click auto enrollment. No long, burdensome setup and enrollment like with Major Medical. Total time needed from your team is 1.5 hours, and coverage can be live in 45 days.

How is this possible where I don’t need to pay out of pocket?

Sections of the Affordable Care Act & Internal Revenue Code reward employers for offering specific benefits to their employees. We work with insurance carriers, and self insured structures to underwrite plans for your business with the goal of lowering your cost of healthcare and payroll. All businesses and all employees will not qualify for this, but many will.

What do these plans cover?

These group health plans do a great job of covering low ticket medical services. Such as labs, prescriptions & urgent care visits. They often do not cover the largest drivers of health insurance costs such as specialized treatments, hospital visits, critical illness treatments and other large expenses.

How does this benefit my team?

They will now have access to more healthcare coverage which they do not need to come out of pocket for.

How does this benefit my company?

Outside of greater employee retention, and a better benefits package, your business will lower its healthcare costs and of course, whenever a qualified health plan is implemented via section 125, there is a reduction in payroll taxes.

How does my business qualify?

Your business must have at least 10 full time W2 employees

What documents will you need from us?

To Begin, we need last month’s payroll journal and a payroll employee roster.