Employee Benefits
Employee Health Insurance Benefits for Minnesota & Wisconsin Businesses
Since 2008, NPF Benefits has consulted with companies in Minnesota and Wisconsin to design and manage healthcare solutions. We work with small, medium, and large businesses with one goal in mind: making sure that the benefits they invest in actually benefit them.
Advisor 360 Means Benefit Options That Are Right for Your Business
When you work with us, you gain a full range of options and solutions tailored to your business’s unique needs. How? Through a process we call Advisor 360.
Advisor 360 means that we partner with you to understand your needs, educate and engage you into a healthcare solution for your company. It also means that we don’t tell you what healthcare company or plan to pick. That’s not our role. Our role is to strategically recommend insurance solutions to you after advising you of your choices.
Insurance solutions vary depending on what’s right for your business. They may include:
Group: Employer Sponsored Health Plans
Traditional Copay Plans
- Employee pays a fee at the time of service
- Can pair this healthcare option with Flex Spending Account (FSA)
- Can pair this healthcare option with Health Reimbursement Account (HRA)
Qualified high-deductible health plan (QHDHP)
- Employee pays first $1400 (single) or $2,800 (Family)
- Can pair this healthcare option with a Health Saving Account (H.S.A)
- Can pair this healthcare option with Health Reimbursement Account (HRA)
Self-Insured
- Employer pays all medical claims for employees
- Employer “rents" a network from an insurance company
- Stop-loss coverage is purchased to reduce exposure of claims to the company
- Usually used with larger employers
- Can pair this healthcare option with Health Reimbursement Account (HRA)
Ancillary Benefits
Ancillary plans round out your benefits offering to your employees. Ancillary benefits supplements’ your group healthcare insurance plan to cover medical issues that are either not covered in your medial plan or has limited coverage. Ancillary benefits are extremely affordable, they can assist on catching medical issues that you’re unaware of sooner and they help with recruiting new employee and keeping established employees.
Group Dental
- Covers exams, cleanings, and x-rays
- Usually no waiting periods
- Reduces the expense on covered procedures making them more affordable
- Many medical issues can be found through routine dental-exams
Group Vision
- Covers annual exams and offers credits towards the purchase of eye-wear or contact lenses
- Many medical issues can be found through a routine annual eye-exam
Group Disability
- Short-term disability
- Offers your employee weekly income if they become sick or injured
- Typically, last for 90 days from the date of sickness or injury
- Long-term disability
- Offers your employee monthly income if sick or injured starting 90 days and can continued to age 65
- We can design a plan with both short and long-term disability or one or the other
- Disability is the backbone to any financial plan
Group Life
- Provides a lump-sum of cash to your employee’s beneficiary. Typically, tax-free
- Pays for off debt, funeral expense, replaces needed income for surviving family members
- Can provide any value of death benefit (company paid) from $10,000 to $50,000 with no adverse tax conquests to the employee
Voluntary Benefits
Optional benefits an employer can offer to employees.
Voluntary Dental
- Covers exams, cleanings, and x-rays
- Usually no waiting periods
- Reduces the expense on covered procedures making them more affordable
- Many medical issues can be found through routine dental-exams
Voluntary Life
- Provides a lump-sum of cash to your employee’s beneficiary. Typically, tax-free
- Pays for off debt, funeral expense, replaces needed income for surviving family members
- Can provide any value of death benefit from $10,000 to $50,000 with no adverse tax conquests to the employee
Voluntary Vision
- Covers annual exams and offers credits towards the purchase of eye-wear or contact lenses
- Many medical issues can be found through a routine annual eye-exam
Voluntary Disability
- Short-term disability
- Offers your employee weekly income if they become sick or injured
- Typically, last for 90 days from the date of sickness or injury
- Long-term disability
- Offers your employee monthly income if sick or injured starting 90 days and can continued to age 65
- We can design a plan with both short and long-term disability or one or the other
- Disability is the backbone to any financial plan
Tax-preferred Medical Savings Accounts
Flexible Spending Account (FSA)
- Employees can set aside tax pre-tax money each year to help pay for qualified out-of-pocket medical expenses
- Each year an employee can invest up to $2,750 (Max contribution. Can invest less.)
- Money left at the end of year could be lost if not used
Dependent-care Flex Spending Account (DCFSA)
- Can invest up to $5,000 (Pre-tax) on eligible dependent care services
- Your employee can recoup up to $5,000 of child care expense for someone watching their child
- Reduces your overall tax burden. Funds are withdrawn from your check and deposited into your DCFSA before taxes are deducted
- Most save around 25 percent on dependent care services
Health Savings Accounts (HSA)
- Reduces your overall tax burden
- Employer payroll deduction saves taxes on Federal, State, FICA
- When paired with Qualified high-deductible health plan (QHDHP) your employee can save on qualified medical expenses tax-free
- Single $3,550
- Family $7,100
- 55+ $1,000 catch up contribution
- Contributions rollover each year; you don’t lose it if you don’t use it
Health Reimbursement Accounts (HRA)
- HRA is an employer-funded account that helps employees pay for qualified medical expenses not covered by their health plans
- Expenses are paid after employee incurs an expense
- Company defines contribution amount
You’ll Get Recommendations, a Dedicated Account Manager, & Great Technology
We’ll begin by listening to you and understanding what you want. Then, we’ll develop a recommendation. If you like it, we’ll implement and manage it. You’ll get a dedicated account manager who will call you regularly for a healthcare check-up.
Advisor 360 - Your account manager will keep you informed about your health insurance coverage and the healthcare industry as a whole. We’ll discuss ways to keep costs down—like educating employees about how to use their policies so that they don’t run up unnecessary expenses.
We also provide technology to efficiently enroll your employees into the plan and make changes to health insurance coverage. Your employees will get access to online educational tools, which can help answer their questions about healthcare and insurance coverage.
Our Services
Contact NPF Benefits to Get Started
Interested in finding out more about your health insurance options? Request a quote online to get started, or call our St. Paul office at: