Insurance services

Employee Benefit Plans 

Doumar Insurance & Financial Services offers a wide variety of employee benefit products, ranging from medical and dental to disability and cafeteria plans. We help our clients choose the right plan and provide the coverage and quality service needed.

The products we offer include:

• Medical Insurance – HSA, PPO, HMO
• Dental Plans
• Disability Insurance – Short-term and Long-term plans
• Life Insurance
• Cafeteria Plans – POP, Flexible Spending Accounts
• Voluntary Plans

In addition, our team of dedicated and knowledgeable professionals offers solutions to all your employee benefit-related questions and provides complete Plan Administrator support and training year-round. Our services include:

• Employee education of the benefits during open enrollment
• Help with the renewal process
• Post-sale support
• Assistance with billing and claim issues

As healthcare costs continue to rise, more and more companies are searching for ways to reduce their healthcare costs without decreasing the quality of the benefits offered to employees. Two of the best solutions to this problem are Consumer Driven Health Care (CDHC), better known as a High Deductible Health Plan, and the employee-funded tax-free Health Savings Account (HSA). More and more companies are adopting this type of program to lower their healthcare costs. CHDC is a consumer-oriented program that helps employees play a more active role in their health care while reducing costs for both the employer and employees.

How It Works – Consumer-driven health plans usually combine an employer-funded, tax-free Health Reimbursement Account (HRA) with a high-deductible medical plan. In simpler terms, employers give employees a certain amount of money toward a health spending account to spend for health care needs. Since employees are faced with a high deductible when their account is depleted, this provides an incentive for employees to become better informed about their health care plan and make careful decisions about their medical spending. In addition, since account balances carry over from year to year, there is even more incentive for employees to accumulate as much money in their accounts as possible for future expenses. Thus, Consumer Driven Health Care allows employees to become more involved in their health care and provides cost effective solutions for employers as well.