Profit Advantage will administer the group insurance plans for the employees of your company. Once you have determined which benefit programs to offer the employees and what the company’s contribution will be toward these plans, the remaining administrative work is handled by Profit Advantage.

Contract Negotiations with the Various Insurance Carriers
Track Waiting Periods for New Hires and Enroll Them When They Become Eligible
Process All Employee Payroll Deductions for Benefits Plans
Audit Insurance Bills on a Monthly Basis
Premium Payments Made to All Carriers
Administration of State Continuance for Companies With Less Than 20 Employees
Breakdown of Company Cost For Employee Benefits Per labor Department

Provide Access to Enhanced Benefit Programs Including: Health Insurance,
Dental Insurance, Short-Term Disability, Cancer Insurance, Term Life Insurance, A Complete Section 125 “Cafeteria” Program

Provide Complete Benefit Packets Which Explain Benefit Options to All Eligible Employees


Complete COBRA Administration for Companies With 20 or More Employees: Notification, Collection of Premiums

Answer All Ongoing Employee Questions Regarding Claims, COBRA, Network Coverage and Eligibility

Annual Review of All Benefit Programs Including Obtaining Competitive Bids From Other Insurance Carriers

Complete Section 125 Administration (Including Form 5500 Filing): Employee, Premium Contributions Deducted “Pre-Tax”, Non-Reimbursed Medical Expenses, Deducted “Pre-Tax”, Daycare and Dependent Care Expenses Deducted “Pre-Tax”