Phoenix Rising Benefits Group has been helping clients protect their financial well-being since 2001. Lou Magill, the Managing Director, has been in the financial services field going back almost 50 years when he started as a stockbroker in New York City. Finding client solutions has always been our focus. We do not follow benefit or coverage templates.
We also do not subscribe to the "one size fits all" philosophy so prevalent in the industry. Each client is unique with diverse needs and wants. This means that each package is customized to each individual, family, employer, and employee. As an agency and broker, we are able to research numerous different carriers and sources in order to find the best solutions for each client.
We are backed by a team of dedicated agents, brokers, product experts and highly sophisticated technical resources which allows us to find the best solutions at the best value. We make individual and group benefits for the small business owner with fewer than 100 employees easy to understand in order to help everyone get the coverage they need at a value they can afford.
We also do not subscribe to the "one size fits all" philosophy so prevalent in the industry. Each client is unique with diverse needs and wants. This means that each package is customized to each individual, family, employer, and employee. As an agency and broker, we are able to research numerous different carriers and sources in order to find the best solutions for each client.
We are backed by a team of dedicated agents, brokers, product experts and highly sophisticated technical resources which allows us to find the best solutions at the best value. We make individual and group benefits for the small business owner with fewer than 100 employees easy to understand in order to help everyone get the coverage they need at a value they can afford.
Services
A big challenge that most small businesses face is competition with larger employers to get the best talent for their company.
This means that your business has to look like the big boys to any candidate looking at the possibility of working for you.
Now, there are a couple of different ways to make your opportunity attractive.
One of the primary ways is offering employee benefits.
In fact, studies have shown that benefits often are as important as salary in their decision.
If you have fewer than 50 employees, you already know that you are not required to provide health or any other benefits to your employees.
This means that your business has to look like the big boys to any candidate looking at the possibility of working for you.
Now, there are a couple of different ways to make your opportunity attractive.
One of the primary ways is offering employee benefits.
In fact, studies have shown that benefits often are as important as salary in their decision.
If you have fewer than 50 employees, you already know that you are not required to provide health or any other benefits to your employees.
When it comes to company sponsored employee benefits, there are two major parts: Core Benefits and Voluntary Benefits.
The major difference between the two is that the company typically pays for a portion of the Core Benefits and the employee typically pays for any Voluntary Benefits they want.
Core Benefits generally encompass health insurance, but often times includes Dental/Vision and Life insurance coverage.
The Voluntary Benefits allows the employee to effectively customize their benefits package to their needs.
The major difference between the two is that the company typically pays for a portion of the Core Benefits and the employee typically pays for any Voluntary Benefits they want.
Core Benefits generally encompass health insurance, but often times includes Dental/Vision and Life insurance coverage.
The Voluntary Benefits allows the employee to effectively customize their benefits package to their needs.
Millions of people work for small businesses, are self-employed, are part of the "gig economy" or are 1099 employees.
These workers do not come under the protection of a company sponsored health plan.
Yet, they need health insurance.
In 2014, the federal government came up with a solution called the Affordable Care Act.
Several things happened: initial participating insurance carriers dropped out after the first couple of years because they lost too much money.
People didn't get to keep their doctors as promised and the premiums became prohibitively expensive.
These workers do not come under the protection of a company sponsored health plan.
Yet, they need health insurance.
In 2014, the federal government came up with a solution called the Affordable Care Act.
Several things happened: initial participating insurance carriers dropped out after the first couple of years because they lost too much money.
People didn't get to keep their doctors as promised and the premiums became prohibitively expensive.
Life insurance is one of those financial instruments that really is an imperative regardless of age, marital or family status if you want to be financially responsible.
When you are young, it is inexpensive and gets more expensive as you get older.
The key is that when you get Life Insurance while you are young you can keep that same rate for up to 30 years.
The primary purpose of all Life insurance is to provide the necessary funds to cover final and on-going living expenses for those who remain after the death of one who's financial support is reduced or gone.
When you are young, it is inexpensive and gets more expensive as you get older.
The key is that when you get Life Insurance while you are young you can keep that same rate for up to 30 years.
The primary purpose of all Life insurance is to provide the necessary funds to cover final and on-going living expenses for those who remain after the death of one who's financial support is reduced or gone.
Vision Plans typically cover prescription lenses and frames and/or contact lenses.
They generally provide an allowance for the cost depending on the level of coverage you want.
In any case, they are generally a very good value.
Again, you will be well served by having the guidance of a health insurance professional to review your options within your budget.
They generally provide an allowance for the cost depending on the level of coverage you want.
In any case, they are generally a very good value.
Again, you will be well served by having the guidance of a health insurance professional to review your options within your budget.
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