Beta Benefits Insurance Services - Workers Compensation

Home | About Us | Client Log-In | Contact Us | Workers Compensation | Malpractice | TAP Health Plan | Health Savings Accounts |

Tax Advantaged Plan© or TAP© saves
companies up to 40% on their health insurance rates!

	Companies using TAP can more effectively budget their health insurance costs over a 5-year period. No big year-to-year surprises in rate increases!
	Employees can also better budget their contributions to their health insurance benefits. Health insurance is based on meeting their needs rather than what can they afford it!
	Beta Benefits is available to help administer TAP for our clients, saving you valuable HR time, plus truly "helping" your employees with their claims questions.

3 Easy Steps to Setting Up a Tap Program
Get Going With TAP

Step ONE:
Employer switches to a high deductible health plan provided by Beta Benefits.
Result: Employer saves money on health insurance premiums.

Step TWO:
Employer contributes tax deductible funds into a tax advantaged account for each qualifited employhee (full-time employee defined in Company handbook).
Result: The funds contributed become a tax write off for the Company and the funds grow tax deferred for the employees.

Step THREE:
Employees use the funds in their account to pay for any expenses not covered in the deductible period.
Result: Any funds used from the account to pay medical expenses are not taxed. Also, employees become better consumers of medical care as they make decisions on medical procedures or services they purchase.

FINAL Result:
Employer gets off the escalating health insurance premium ride as high deductible insurance plan premiums have increased at a slower rate then the average and are projected to increase at a rate lower than HMO and PPO plans.