TY Health Insurance Brokerage, a leading provider of health insurance solutions, is proud to announce its commitment to helping small businesses reduce their health insurance costs while enhancing employee relations and fostering a culture of health and wellness.
Running a small business is no easy task, and health insurance expenses often pose a significant financial burden. TY Health Insurance Brokerage understands these challenges and is dedicated to working closely with business owners to develop personalized strategies that meet their unique needs.
As an independent agency, TY Health Insurance Brokerage collaborates with all major health insurance carriers in the United States, providing the flexibility to customize comprehensive benefit packages tailored to each business. Combining quotes from multiple carriers ensures clients receive the most reasonable rates without compromising coverage.
“Our goal is to be a one-stop shop for all your business solutions,” said Talia Adika, representative of TY Health Insurance Brokerage. “We believe that consumer choice benefits both small businesses and individuals. That’s why we offer plans and products from leading health insurers such as AmeriHealth, Blue Cross Blue Shield, Oscar, Cigna, and United Healthcare Oxford.”
In addition to health insurance, TY Health Insurance Brokerage also offers a wide range of ancillary benefits for Medicare, including dental, vision, LTD, STD, AD&D, DBL, Medical Bridge, HRA/HSA Admin, COBRA Administration, and Payroll Services. This comprehensive suite of products positions TY Health Insurance Brokerage as the ultimate employee benefits marketplace.
With TY Health Insurance Brokerage, small business owners can access a full menu of Health & Ancillary benefit plans, including PEO, EPO, PPO, and High Deductible options. Employees can conveniently select from various plan options by filling out a universal enrollment form, streamlining the enrollment process
Is your money safe in your bank account? That’s the question many Americans might be asking following the collapse of Silicon Valley Bank.
The simple answer, for most of us, is yes.
The Federal Deposit Insurance Corp.’s (FDIC) standard insurance covers up to $250,000 per depositor, per bank, for each account ownership category for deposit accounts like savings, checking, and certificates of deposit (CDs).
What spooked many customers of Silicon Valley Bank — until the the government ensured this weekend that all depositors would be paid back — is that their deposits far exceeded that insurance amount. Luckily, that’s largely not the case for everyday Americans.
“The vast majority of American households have bank deposits that are well below the $250,000 limit for FDIC insurance, which guarantees these households that their money is safe,” Mark Zandi, chief economist at Moody’s Analytics, told Yahoo Finance.
“These deposits are fully backed by the US government. This is very different from nearly all SVB depositors, who are mostly tech companies that had deposits of over $250,000 and were thus not insured by the FDIC. But even these depositors will not lose their deposits as the US government has stepped up and insured these deposits as well,” he added. “Households have no reason to be nervous about getting their money out of their bank when they want it.”
Here’s what to know about FDIC insurance.
What’s insured by the FDIC
To insure bank deposits, Congress established the FDIC, an independent federal agency under the Banking Act of 1933 to restore trust in the American banking system after more than a third of US banks failed after the Great
New insurance technologies and innovations – no matter how much they increase connectivity and collaboration between insurance professionals – will never quite compare to the combination of two local minds with shared experience, working together to solve a local insurance problem.
Read next: Why do insurers overcomplicate their language?
Let me explain what I mean. If you weren’t already aware, Insurance Business publishes in six countries or regions worldwide: the United States, Canada, the United Kingdom, Asia-Pacific, Australia, and New Zealand. As part of that, our editors are interviewing insurance professionals from coast-to-coast and border-to-border.
The geographic spread is immense. Canada, for example, has a total area of 9,879,750 km², according to worldpopulationreview.com, trumping the US (9,831,510 km²) and Australia (7,741,220 km²). Meanwhile, Asia is the world’s largest and most populous continent.
The thing about risk is that no two risks are the same. While a small business risk in Eastern Canada might look the same on paper, or in automated computer algorithm, as a small business risk 6,000km away in Western Canada, there are local nuances that must be considered when underwriting that risk. The same goes for any other country or region where Insurance Business has a publication.
Brokers have benefitted hugely from greater connectivity in the insurance industry. There’s no doubt about that. If they have relationships with international insurers, they’re now able to tap into intellectual capital from insurance professionals and risk experts around the world – a boon inaccessible in the not-so-distant past.
But even the best and brightest brains cannot understand the culture or the “feel” of a place and its people if they’ve never been there or experienced it first-hand. That’s not something you can enter into a database and run through an automated risk assessment and underwriting tool. It comes from
The nation’s fastest-growing insurance broker focused on the trucking industry expects to stay in the fast lane with a new capital investment from an outside private investment firm.
Reliance Partners LLC, which was started in Chattanooga in 2009 and has grown with funding from Chattanooga’s Lamp Post Group, is getting an extra capital boost from the Charlotte, North Carolina-based Carousel Capital fund. With the new investment announced this week, Reliance leaders hope to double the size of the commercial insurance business in the next three years and reach its goal of having more than $1 billion of annual written premiums by 2o25.
“Our company is at an inflection point, and after getting to know Carousel over the past two years, we are thrilled to have the opportunity to partner with them for both financial support as well as strategic guidance,” said Chad Eichelberger, president of Reliance Partners. “Their experience fits perfectly with our strategy, where we are today as a company, and where we want to take Reliance over the next decade.”
(READ MORE: Best Places to Work 2021: Reliance Partners moved quickly to respond to coronavirus)
In a telephone interview, Eichelberger declined to specify the amount of the Carousel Capital investment. But Eichelberger said the additional equity “will help accelerate the growth of our business.
“We’re going to be much more aggressive in deploying technology, strategic acquisitions and our western expansion, in particular,” Eichelberger said.
The Carousal Capital investment is the first outside capital investment in the company, which has grown steadily over the past 13 years.
Reliance Partners was named this spring as one of the top 100 commercial insurance agencies in the United States by the Hales Report after achieving year-over-year growth last year of 81.4%.
The Chattanooga-based agency operates additional offices in Austin, Texas; Birmingham, Alabama;