Services
BISI designs insurance program tailored specifically to meet your individual or small business coverage needs. As an independent agent we research the insurance marketplace for you to create a program that will provide you with the greatest value for your premium dollar.  Our services center around two broad areas:  employee group benefits for small businesses and personal life, financial, retirement and estate planning.  The following lists our speciality areas:

Employee Group Benefits Services

• Medical Insurance
• Dental & Vision Insurance
• Life Insurane
• Term Life Insurance
• Group & Individual Disability
• 401k
• Voluntary Plans
• Flexible Spending Accounts
• Health Savings Account
• Health Reimbursement Account

Medical Insurance
Our agency is very active in the group and individual medical insurance marketplace. Whether you are investigating medical insurance for an individual, a group plan for a small start up, or a partially self-funded multi-state corporate group plan, our agency is capable and prepared to assist you. We can help you evaluate your needs, survey the marketplace, prepare side by side plan and price comparisons for your review, and then help you implement the plan(s) that you determine best meet your objectives.

401(k)

A 401(k) plan is a qualified deferred compensation plan which enables you to save money, lower taxes, and invest in your financial future. Under a 401(k) plan, your elective contributions are made on a before tax basis; that is, the amount deferred will be excluded from your taxable income. This may currently lower your taxes. The following are some advantages of our 401(k) plan. Elective deferrals are voluntary and the amount you contribute is up to you. (Federal law limits the deferral to 25% of salary or $14,000, whichever is less for 2005). Deferrals are made before tax; therefore, you pay less in Federal and State income taxes Earnings and income are not taxed until the money is distributed from the plan. When you receive your retirement benefit you may be in a lower tax bracket than you are currently.

Life Insurance

Our agency is very active in the group and individual Life insurance marketplace. Whether you are investigating Life insurance for an individual, a group plan for a small start up, or a 1000 employee multistate corporate group plan, our agency is capable and prepared to assist you. We can help you evaluate your needs, survey the marketplace, prepare side by side plan and price comparisons for your review, and then help you implement the plan(s) that you determine best meet your objectives.

Long Term Disability
When faced with an employee who's been disabled, uninsured employers have few options. Do you continue to pay all or part of a salary? Offer unpaid leave? Terminate employment? For an employer and employee, the choices can be devastating. An insured Long Term Disability plan will replace up to 66 2/3% of an employee's income up to the age of 67 in a situation where catastrophic illness or injury exists. A managed LTD plan allows an employer to outsource the difficult decisions surrounding a disabled employee to disability experts. Along with income protection, most disability plans offer rehabilitation and return-to-work services that are essential to the recovery of disabled employees. The goal of Long Term Disability insurance is to financially protect and proactively return disabled employees to a productive life.

FAQs

How many people really use their LTD plan?

There is a 1 in 5 risk that a 35 year old will be disabled for 90 days or more before age 65. You are more likely to become disabled than to die during your working years.

How much will LTD cost the company?

The general rule is that a fully insured LTD plan will cost a company about one half of one percent of the company's monthly payroll.

Will an LTD plan pay a disabled employee who returns to work on a part-time basis?

Yes, most LTD plans will pay an employee who is limited from performing all of their job functions, and has suffered a 20% or more loss of income as a result.

What are the most common income replacement percentages?

Most companies implement a plan that replaces 60% or 66 2/3% of an employee's income in the event of a disability. The highest percentage available is 66 2/3%.

Voluntary Plans

Voluntary Benefit Payroll Deduction plans have become increasingly popular among employers and employees alike. Employers appreciate the offerings because it allows them to offer a complete line of benefits without having to actually pay for any of the actual costs. In many instances the employers actually benefits because of the FICA, Medicare, Workers Compensation and Unemployment payrol tax savings.