Don Gorshe Insurance Agency, LLC offers a complete line of insurance services ranging from life and disability income to
group life and health insurance.
Many businesses today face challenges in attracting and retaining
top employees. As a business owner, you know the importance of employee
benefits and their contribution to your business success. We will
work with you to develop a program tailored to your individual circumstances. These products and services are
designed to provide solutions to your personal and business
Dental Insurance is one of the benefits most requested by employees.
Many employers provide dental insurance for their employees, but
a growing number of employers are offering this as a voluntary benefit
that is paid 100% by the employee through payroll deductions. Most
dental plans provide full coverage with a 100% benefit for preventive
exams & cleanings, an 80% benefit for basic services such as
fillings and root canals, and 50% benefit for major services and
prosthodontics such as dentures, crowns, etc.
Some dental insurance companies provide a dental buy-up plan which
allows the employer to purchase a base plan, while employees purchase
additional benefits as needed. Another newer option for dental insurance
is a dual option plan that allows each employee to choose a basic
plan or a more comprehensive plan based on his needs. This is a voluntary
benefit, which means that each employee gets the coverage he needs
for himself and his family.
Group Dental Insurance Quote
Flexible Spending Accounts (FSA)
Employer-sponsored flexible spending accounts (FSAs) are benefit
plan arrangements that allow employees to pay for certain health
care or dependent care expenses on a pre-tax basis. There are
two FSA options. A Health Care FSA is an alternate way of paying
your share of your health care costs. In the same manner, a Dependent/Child
Care FSA reimburses you for expenses for dependents and childcare
which are necessary to allow you and your spouse to work.
When you create an FSA, you choose to have a specific amount of
your annual salary withheld from your paycheck and deposited to your
FSA. These withholdings are on a pre-tax basis. Flexible
Spending Accounts (FSA’s) are benefit options designed
to increase your disposable income by reducing the amount of taxes
you pay. An FSA enables you to use pretax dollars to pay for
qualified health care expenses which are not reimbursed under any
health care plan or insurance plan, while a Dependent Care FSA pays
for your qualified dependent/child care expenses. However,
FSA funds are not interchangeable.
Flexible spending accounts offer significant tax advantages. Employees
do not pay federal income, state income, or FICA taxes on the salary
they contribute to a FSA plan. Employers, in turn, do not pay matching
FICA (7.65%) and FUTA taxes because employees' gross incomes are
significantly reduced. A health care FSA, which allows
employees to pay co-payments and deductibles with tax-free dollars,
can go a long way to helping employees shoulder their share of the
burden. FSAs are excellent tools for employees
in savings significant tax dollars especially in this day of rising
health care costs.
Don Gorshe Insurance Agency, LLC, we are committed to health insurance for
both our commercial customers, who need group coverage for their
employees, as well as the individual or family that needs coverage.
With the changing face of health insurance in today's market, we
at Don Gorshe Insurance Agency, LLC are staying abreast of the latest developments
that will affect the coverage you expect as well as the cost impact
We have the best health insurance markets available in our area,
and we will always present to our customers the best options at the
best price available.
Group Health Insurance
Life insurance is an integral part of most employee benefits packages.
When provided by an employer, employees appreciate the value of life
coverage and the additional security it provides to their families.
Employers have a wide variety of optional plan designs to customize
a Group Life plan. Optional coverages include Voluntary Life insurance,
Supplemental Life coverage, Accidental Death and Dismemberment policies,
and Dependent Life insurance. The premium paid for Group Life is
generally a business deduction, and this stand-alone contract is
usually less expensive than the life coverage provided with medical
Group Life Insurance Quote
A Group Vision plan is especially attractive
for employers because it is inexpensive to offer, yet it's another
employee favorite. This is a separate plan that provides coverage
for eye exams and/or for frames, lenses and contact lenses. Many
times the basic health plan may provide for routine eye examinations.
However, it will usually not provide any benefit for frames, lenses
or contact lenses; this is where a separate group vision benefit
would be used.
Health Reimbursement Arrangement (HRA)
A Health Reimbursement Arrangement is a tax-advantaged benefit that allows both employees and employers to save on the cost of healthcare.
HRA plans are employer-funded medical reimbursement plans. The employer sets aside a specific amount of pre-tax dollars for employees to pay for health care expenses on an annual basis. Based on the plan design, HRAs can generate significant savings in overall health benefits.
The primary requirements for an HRA are that (1) the plan must be funded solely by the employer and cannot be funded by salary reduction, and (2) the plan may only provide benefits for substantiated medical expenses.
HRAs may be designed in many fashions to suit the specific needs of the employer and employees. It is one of the most flexible types of employee benefit plans making it very attractive to most employers.
Health Savings Accounts (HSA)
Health Savings Account (HSA) helps you save money on health care.
By making you a part of the medical services decision process, HSAs
are designed to help you manage medical expenses and reduce the continuing
raising of health care expenses. Equally as important, the money
you save remains part of your retirement account, even if you leave
your present employer. You can also save the money in your account
and grow your account through investment earnings. Funds in the account
can grow tax-free through investment earnings, just like an IRA In
short, if you don’t use all the money in your HSA for medical
expenses, it can accumulate as tax-free savings for your retirement.
One final benefit, HSAs can pay for many more procedures than were
ever allowed before by government sponsored programs. Health Savings
Accounts help you save money on unavoidable expenses and build investment
savings for your retirement.
Account funds are used to cover medical expenses before the plan
deductible has been met. Unspent account balances accumulate and
accrue interest from year-to-year. Unlike amounts in Flexible Spending
Accounts that are forfeited if not used by the end of the year, unused
funds remain available for use in later years. Once the health plan’s
annual deductible has been met, coverage resembles conventional insurance,
typically in the form of a preferred provider organization (PPO)
with little-to-no cost sharing for in-network services, and limits
on total out-of-pocket costs.
Long-Term Disability (LTD)
In the event that an accident or illness prevents an employee from
working for an extended period of time, the financial impact can
be severe for the employee and employers. Long Term Disability (LTD)
protection is designed to help cover the employee's expenses while
their regular income is interrupted. Flexible plan design options
and benefit alternatives are available to meet specific needs. This
valuable protection is available with low-cost, tax-deductible premiums.
Group Disability Insurance
Short-Term Disability (STD)
A steady income is essential for most people. If an accident or
illness interrupts that income, it affects both the employee and
employer. Short Term Disability (STD) protection is designed to replace
a portion of the wages lost when a short term disability occurs.
An affordable, flexible STD plan can provide needed benefits to both
the employer and employee.