Employee Benefits
Comprehensive group health plans that attract and retain top talent while managing costs
Why It Matters
In today's competitive job market, offering quality health insurance is essential for attracting and retaining talented employees. At MFIS Group, we work with Minnesota businesses of all sizes to find group health insurance solutions that balance employee benefits with employer budget considerations.
We navigate the complex landscape of group health insurance, employer mandates, and regulatory requirements so you can focus on running your business. Our team handles plan selection, compliance, employee education, and ongoing administration.
Plan Options
Offers maximum flexibility with access to a large network of healthcare providers. Employees can see specialists without referrals and can seek care outside the network with higher out-of-pocket costs. Ideal for businesses seeking broad provider access and employee choice.
Emphasizes preventive care and coordination through primary care physicians. Lower premiums and predictable costs, but requires selecting an in-network provider and obtaining referrals for specialists. Great for cost-conscious employers and employees.
Lower premiums paired with higher deductibles. Qualifies for Health Savings Accounts (HSAs) that allow tax-advantaged savings for medical expenses. Excellent for employers seeking to reduce premium costs while enabling employees to build medical savings.
Combines features of HMO and PPO plans. Employees use in-network providers without referrals, but coverage is limited to the network. Offers a balance of cost control and flexibility. Popular among mid-sized employers.
Set a fixed monthly allowance and let each employee pick their own individual plan. Our practical guide covers how it works, employee classes, tax treatment, and the honest trade-offs.
Comprehensive coverage for doctor visits, hospital stays, and emergency care
Included pharmaceutical benefits with tiered drug pricing
Annual wellness visits and preventive screenings at no cost-share
Coverage for mental health services and employee wellness programs
Comprehensive coverage for pregnancy, childbirth, and newborn care
Defined spending limits to protect against catastrophic healthcare costs
Quality health benefits are a top factor for job seekers and employee retention
Business contributions to group health insurance premiums are typically tax-deductible
Healthier employees with regular preventive care take fewer sick days
We help you manage premiums and find plans that fit your budget
We handle ACA compliance, COBRA administration, and regulatory requirements
Employer contributions reduce employee out-of-pocket premium costs significantly
Coverage limits exposure to catastrophic medical expenses
Choose coverage levels and plans that match individual healthcare needs
Wellness programs and preventive services help maintain good health
Family members gain security knowing health needs are protected
Navigating employer healthcare law can be complex. We help ensure your business stays compliant with:
Common Questions
The most common options are PPO, HMO, HDHP, and EPO plans, each balancing premiums, provider networks, and flexibility differently. Many businesses also consider an ICHRA, which reimburses employees for individual plans they choose themselves instead of enrolling everyone in one group plan. We compare all of these against your budget and workforce.
ICHRA stands for Individual Coverage Health Reimbursement Arrangement. Your business sets a tax-free monthly allowance, each employee buys their own individual health plan, and you reimburse their premiums up to the allowance. It gives the employer a predictable budget and gives employees their choice of plan.
Fewer than most owners expect. Small group plans are built for small teams, though carrier requirements vary, and an ICHRA has no minimum company size or participation requirement at all. If you have even one employee, there is an option that can work.
Typically nothing extra. Brokers are generally compensated by the insurance carriers, so your premium is the same whether you enroll through us or directly. You get plan comparison, enrollment support, compliance help, and year-round service on top.
Want the full picture on ICHRAs? Read our practical ICHRA guide for Minnesota small businesses.
Let's discuss how we can help you provide quality health coverage that your employees value and your business can afford.
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