Three Key Points For High Growth Companies To Consider About Employee Benefits Programs

As insurance brokers working with group benefit programs , Pontrelli, Timour & Associates understands the challenges facing high growth companies. If you are an owner or partner in a high growth company, you most likely experience change and the resulting business evolution on a regular basis. From expanding into new markets and developing your product lines and service offerings to finding the right talent and renovating office space, you have learned that to grow is to change. Without question, PPACA will present a new healthcare challenge for high growth companies in California.

ACA Challenges for High Growth Companies

high growth companies

High Growth Companies & ACA

Given the major changes in the past year with healthcare reform and the Affordable Care Act, the same evolution is true for a growing company’s  employee benefits strategy. Well before your company hits 50 full-time employees or equivalents, you need to be ready to act. The mandate was only delayed for one year.  Once you reach 50 employees, there are responsibilities that you will need to think through in order to help ensure the success of your company. With PT Benefits, you access insurance brokers that have both the skill set and expertise to work with your company as a growing firm.

As a full-service benefits program provider, we offer a host of services beyond just renewal numbers once a year. Given the complexities of the Affordable Care Act, we have become strategic advisors and business consultants for our clients. If you are a growing company and you are looking for an effective insurance broker, below are three key points you should take into consideration.

Three Key Points For High Growth Companies

Pontrelli, Timour & Associates recommends that you make sure you’re Employee Benefits Advisor can:

  1.  Provide Updates on ACA Compliance and Health Care Reform and Laws:  An advisor should provide consistent updates on regulations such as ERISA, HIPAA, FMLA as well as guidance on health care reform and Affordable Care Act Compliance.
  2. Develop an Employee Benefits Plan Built for the Future:  Are you planning to continue to grow and expand your business? If this is the case, do you have a plan in place? A Benefits Advisor should be able to help you develop a more strategic employee benefits plan that aims to achieve the goals of your organization in terms of growth and expansion.
  3. Help Establish an Employee Wellness Program: Consider implementing an employee wellness program to help reduce health care consumption at your organization.  A good wellness strategy can impact the bottom line by keeping your employees happy and working effectively. Nothing beats good health.

PT Benefits understands the growing pains of a successful company and it  can be stressful. By partnering with an experienced benefits advisor and insurance broker, you can both help ease some of that transitional pain while also being more prepared for the future growth of your firm. To learn more about how we can help smooth the growing pains for your successful business, please call PT Benefits at 626-795-4138.

Raphy Timour

About 

Co-Founder at Pontrelli, Timour & Associates, Inc.

A California native of Pasadena, Raphy Timour began his career at Automatic Data Processing as an outside sales representative, achieving President Club status each and every year at ADP. Wanting to provide clients with a more customercentric approach, Raphy Timour started Pontrelli, Timour & Associates, Inc. in 2003 with his childhood friend Chris Pontrelli. Raphy Timour has a Health & Insurance License from the California Department of Insurance.

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