We help set up Defined Contributions Plans for Space Coast citizens all over Brevard. We put together plans that fits the needs of clients.
The general concept of a defined contribution health plan is that a company gives each employee a fixed dollar amount (a “defined contribution”) that the employees choose how to spend. Typically, employees are allowed to use their defined contribution to reimburse themselves for individual health insurance costs.
Defined contribution health plans are programs that allow employees to be more involved in their health care choices. With a defined contribution health plan, employees are responsible for selecting an individual health insurance plan and making payments out of their own finances.