The magnitude of insurance cannot be overstated or exaggerated in any age. It is one of the most crucial necessities of society. The jeopardy and hazards of life can get paid with an insurance claim even within minutes. People sense that they are protected once they get insured from any insurance firm, as they gain confidence during the uncertain conditions of life. However, a majority of people prefer to get insured with a respected and reliable company in order to avoid any sort of disputes at the time of a claim.
Montgomery & Graham, Inc. is one of the leading and prominent insurance companies located in Portland, Oregon. The company was founded in 1997 by Wes Montgomery and Eric Graham. M&G offers diverse categories of insurances to its clients ranging from, Medical & dental, Life & Disability, Long-Term Care Insurance, Retirement Planning, Voluntary Benefits, Individual Insurance, Property and Casualty, Worker’s Compensation, Group Insurance Products, etc. Each and every insurance policy offers its own set of benefits and protection.
All of Montgomery & Graham’s policies are designed with innovative strategies that provide utmost coverage to the policy holder. M&G is an experienced insurance firm in Oregon that specializes in self-funding and health savings account policy combinations. They completely back up and offer support to their clients and offer value added benefits at no charge.
The company has also grabbed some awards for their employee benefits program. Montgomery & Graham, Inc. has benefited thousands of employees and helped employers all over Oregon and Washington. In previous eras the health plans for employers and employees were often considered profitable to only a single party, but in the last decade of health insurance reform, new options that benefit both parties are available.
One category of inventive insurance policies which has gained significant importance and popularity lately is self-funded and is a health care plan which is beneficial for both employer and employees. The employees get the benefit of being insured and employers get the benefit of saving on healthcare insurance and protection with the involvement of a third party.
More and more employers are trending towards self-funded health care insurance plans. The policy basically fulfills the organizations’ needs of taking care of their employee health related requirements, while utilizing their funds more effectively for business growth. The main objective for picking the self-funded health care solutions is saving money and the proper usage of company’s funds. There are many different designs of self-funding available to choose from, and with the passing of House Bill 4050 is open to even small businesses in Oregon now.
When combined with a health saving accounts, self funding can be a truly rewarding healthcare package. A health savings account is basically a tax favored bank account earmarked for medical claims. For instance, some are interest based in which the account holder can receive interest on his savings, but the main purpose of this account is savings for their medical expenses. And if the amount is not withdrawn it rolls over for years and remains intact in the account. Clients often chose an administration facility that offers debit and credit card capability for their accounts. In addition, when employees turn 65, they are able to withdraw money even for non-medical expenses, making HSAs also function as a sort of retirement account.
Want to learn more about how innovative healthcare strategies can save your business money, and offer your employees benefits they will be happy with? Visit Montgomery & Graham, Inc. and schedule a 20 minute consultation to find out how you can.