Insurance Benefits to Statutory Non-employees

[Guest aytjones]

Is anyone offering insurance benefits to statutory non-employees? My company pays licensed real estate brokers via 1099 and wants to offer them insurance benefits. Everything I have come across, says that shouldn’t be done. But most of the C-suite came from large real estate companies where this was done. I have asked them for contact information, but while waiting for a deep freeze, I decided to ask the discussion board. Any assistance would be greatly appreciated.

Thanks!

[Guest roseH3251]

I looked around as well and I cannot find anything that advises that it should be done and I haven't heard of it being done. I am looking forward to seeing what everyone has to say on the matter as well, I have employees whom I pay by 1099 and this information could come in handy for me as well.

[K2retire]

I looked around as well and I cannot find anything that advises that it should be done and I haven't heard of it being done. I am looking forward to seeing what everyone has to say on the matter as well, I have employees whom I pay by 1099 and this information could come in handy for me as well.

The problem is that the IRS says employees should get a W-2. Vendors get a 1099.

[leevena]

There are ways you can offer these people coverage, but much of it depends on what is available in your market. A few, and I mean a very few, carriers will allow you to write these people, but they usually require that you give them the regular group business on the true employees. A second way is to find or create a program using individual polices in combination with the high risk pool available in your market. A third way is to see if there is any association business that they qualified for, such as a real estate or small employer. These are going the way of the dinosaur, but you may have one hanging around.

Good luck.