Aflac Is Great For Your Business

Aflac helps you create a more attractive employee benefits package, at no direct cost to your company. Over 400,000 businesses across the United States make Aflac insurance policies available to their employees.

   No Direct Costs To Your Business

Aflac’s policies are 100% employee-paid and are purchased on a voluntary basis. Many companies choose to make Aflac policies available as a cost-effective solution to help employees with the rising cost of out-of-pocket health care expenses.

   Ease of Administration

We know you have a million things to do. That’s why Baron offers a turn-key system to administer your AFLAC payroll deductions and payments. Baron will setup the employee’s pre-tax payroll deductions and will remit an itemized report and check monthly to Aflac for you. By doing it this way, you are always using the employees’ money (and never using your company’s money) to pay Aflac.

   Flexible Plans

Aflac insurance policies are designed to complement major medical plans and other company benefits. With a wide range of policies and benefits, your employees can choose the areas where they want additional coverage.

   Attract & Retain Employees

Great benefits are a top priority for employees when considering where to work. With Aflac, you can provide a wide range of benefits that give your employees coverage in the areas they need most, and with a brand they know and want.

   Insurance Policies

When you run a small business, every employee plays a critical role, so if someone gets hurt or sick and can't work, you want to do everything you can to help. That's why Aflac offers a wide range of policies that can help cover everything from accidents to intensive care.

Below are some of the Aflac plans your staff can choose from:

  Accident
  Cancer/Specified-Disease
  Dental
  Hospital Confinement Indemnity
  Hospital Confinement Sickness Indemnity
  Hospital Intensive Care
  Life
  Long-Term Care
  Short-Term Disability
  Specified Health Event
  Vision

   Get A Free Section 125 Plan From Aflac

As long as three people at your company purchase one Aflac product, your company is eligible for a free Section 125 premium-only plan ("POP"). A Section 125 POP plan reduces your company’s payroll taxes and increases your employees take home pay. Employees save Federal, State (except NJ), Local and FICA taxes. Employers also save FICA taxes.

   Offer Aflac Benefits And Save Big Bucks!

Your employees want Aflac benefits and are willing to pay 100% of the cost. By offering Aflac at your workplace you’re a hero because your employees can purchase Aflac at your discounted corporate rate and pay for it with pre-tax payroll deductions. Your employee’s get the pre-tax savings and so does the company. It’s a win-win!

   Numbers Talk

Here’s an example of employer and employee savings assuming a company has 10 employees with an annual payroll of $500,000 and employees contribute $200 per month for your health plan.

Employer Savings                    Without POP                     With POP
Annual Payroll                               $500,000                              $500,000
Employee Premiums                      -0-                                         $24,000
Taxable Payroll                             $500,000                              $476,000
FICA tax (7.65%)                        $38,250                                $36,414
Employer Savings                   -0-                                         $1,836

Employee Savings
Annual Income                             $40,000                               $40,000
Pre-Tax Contribution                    -0-                                       $2,400
Taxable Income                            $40,000                              $37,600
Estimated Taxes (30%)                $12,000                              $11,280
After-Tax Contribution                 $2,400                                -0-
Net Take Home Pay                      $25,600                              $26,320
Increase In Take Home Pay   -0-                                   $720

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