As a small business, it’s crucial to offer an attractive employee benefits package to hire and retain valuable, talented employees.
However, we’re aware that providing health insurance for employees can be a significant expense for you. SBAM is continuously searching for options to help you manage and afford these costs. Please see below for some of the strategies and solutions that we offer our members.
Through continuous innovation, Blue Cross® Blue Shield® of Michigan and Blue Care Network improves the quality and value of health care. Small business employees enjoy smarter, better personalized medical, dental and vision coverage that addresses health disparities and strengthens communities across the country.
When your coverage is sponsored by SBAM, you gain access to our Member Care Team for help with new business paperwork, enrollment changes, and billing questions.
Work with your current agent to find a plan that best fits your needs. If you don’t have an agent, we’ll help connect you with someone in your area.
Life and disability insurance is available for sole props and groups with up to 99 employees. Our pooled policy has exclusive rates and flexible eligibility requirements available only to SBAM members.
When your coverage is sponsored by SBAM, you gain access to our Member Care Team for help with quoting enrollment, additions and deletions, billing questions, and claims.
Work with your current agent to find a plan that best fits your needs. If you don’t have an agent, we’ll help connect you with someone in your area.
SBAM finds solutions that are specifically tailored to the unique constraints and opportunities small businesses face. Check out these programs and services that help you build and manage a robust employee benefit package for your employees. We’re to help you! Contact us at membercare@sbam.org or (877) 949-7226 today.
SBAM offers a composite rate option for our members enrolled in our sponsored BCBSM and BCN plans. Instead of assigning individual rates to each member of a group based on their age, gender, and other factors, a composite rate provides a single premium rate for all members of the group, offering a fair and equitable opportunity for all employees.
With the cost of health insurance continuing to rise, most employers ask their employees to share in the cost of health insurance through premium sharing, deductibles and co-insurance. With SBAM’s Flexible Spending Account, Health Savings Account, or Health Reimbursement Account administration, both you and your employees save through tax-preferred methods.
Our Member Care Team sends all necessary letters and notifications, provides a monthly activity report and online access to your account, and collects premium payments from the COBRA-enrolled beneficiaries. The cost for members enrolled in an SBAM-sponsored BCBSM or BCN plan is only $35 per month. However, we can administer COBRA for your company regardless of which carrier you have.
Turn to our online Ask An Expert for answers to all your HR and legal questions. Our trusted partners can be relied on for accurate, timely information. Don’t go it alone. Join SBAM as a Premium or higher member and get access to the information you need to figure out the most complex situations that arise in your small business.
Our affordable, easy-to-navigate toolkit is packed with customizable templates, guides, and checklists to simplify every stage of the employee lifecycle—from job postings and onboarding to performance reviews and employee handbooks. Simply the hiring and boarding process today!
The SBAM PEP is cost effective and outsources administration and liability to reduce your fiduciary risk. Start up plans may be eligible for up to $5,000 tax credit to cover the TAG annual administrative fee (for 3 years). There is an additional $500 annual credit for three years when a business establishes a retirement plan with automatic enrollment.
People can’t have access to quality medical care without affordable health insurance. Today, increasing health insurance costs are becoming more of a strain on the budgets of the businesses and people we serve. Blue Cross Blue Shield of Michigan wants to help you understand why this is happening and what can be done. Learn more about this important issue that BCBSM is committed to addressing — affordability.