Looking for employee paid benefit plans - HELP

[Guest M L Sullivan]

We are discontinuing benefits for a segment of our employees. We want to offer them the opportunity to purchase a health and/or dental plan from an outside provider where we are only taking the deduction. No fees for the employer and no administration costs.

Similar to AFLAC but I'm looking for other vendors out there. The majority of the employees are in FL, but we have some in GA, TX and NC. Can you recommend anyone?

[GBurns]

Why discontinue??? Why not just convert the premium funding source (with the approval of the insurance providers, of course)?

Converting the existing plans from employer paid to employee paid would provide the premium release that you seem to be seeking, but would keep the benefits provided by a group plan such as guaranteed issue, no pre-ex, lower premium.

Converting the premium, replacing with individual plans or otherwise still in most cases leaves you with an ERISA plan that needs a Form 5500 etc just like before.