Being one of the leading Insurance brokerages in New England, Thomas Gregory Associates provides clients with a full offering of Employee Benefits programs. We work closely with our clients to strategize and develop appropriate Employee Benefits programs, whether they are a 3-employee distributor, or an airline with 4,000 employees . In particular, we specialize in partially self-funded employee benefits for middle-market businesses.
The continually changing nature and ever-rising costs associated with employee benefits presents many problems for businesses. What can make things worse is working with an insurance broker that either doesn't have the market knowledge to mitigate rising costs or one that just simply doesn't go the extra mile on your behalf. Thomas Gregory Associates will provide your company with market leading knowledge of developing issues that impact the development and servicing of your employee benefits program. Our professional staff has the experience that you can depend on to ensure smooth administration of your employee benefits program. Add our excellent reputation among insurance carriers and our ability to work closely with them, and you have an Employee Benefits Broker that stands alone among the competition!
Our products:
GROUP PRODUCTS
- Life Insurance
- Accidental Death & Dismemberment Insurance
- Short Term Disability
- Long Term Disability
- Travel Accident
- All Health Coverages
- Payroll Deduction Disability for qualified groups
- Self Funding for Qualified Groups (See next page)
INDIVIDUAL PRODUCTS
- Life Insurance
- Second to Die Insurance
- Long Term Care
- Disability Income
- Sub-standard Life Insurance
SELF FUNDING FOR QUALIFIED GROUPS
As health care costs continue to climb, businesses are faced with the task of finding ways to either fully absorb the impact or greatly reduce it. At Thomas Gregory Associates we have had great success in helping our clients self-fund their healthcare costs. For qualified groups, this strategy can reduce costs as much as 20% while keeping the same level of benefits to their valuable employees.
A self-funded employee benefit plan relies on the employer to fund claims below a pre-determined limit. To assist in reducing financial exposure, a stop-loss policy is put in place to account for claims above the pre-determined self-funded limit. The result is significant cost savings, and vastly improved cash flow as advanced premiums need not be paid as is the case with traditional health plan arrangements.
Many mid-sized businesses have assumed that self-funding is for Fortune 500 firms. Not true! Today, many of our middle-market clients work with us to reduce their employee benefits costs by means of self-funding. We would be glad to outline how your company could do the same.