Save Money on Group Health Insurance - Defined Contribution

Orange County, California employers wanting to budget rising health insurance costs need to look no further than defined contribution. At our annual meetings with business owners the Gelker and Rohrer Insurance Agency provides quotes for multiple plans and carriers. The management decides how much each employee will be provided to purchase benefits. A business in Costa Mesa, CA recently decided that they would give each employee $250.00 a month to pay for health and dental coverage. Our agency provided each employee rates and benefits for five health plans and three dental plans. The employee could decide to buy an inexpensive dental plan and a rich benefit health plan, or no dental plan and the lowest co-pay PPO plan. The employer pays a fixed cost and the employee decides what benefits will fit their needs. This is the beauty of the defined contribution approach to employee benefits.