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Frequently Asked Questions

Are there reasons to be selective about who I choose to be my insurance carrier?

Absolutely. Depending on who you go with, there can be big differences in rate competitiveness, benefit options, network access, administrative services and financial stability. We can assist with making the right choices.

What types of insurance benefits does Lyceum Insurance Services offer?

Lyceum Insurance Services specializes in providing comprehensive insurance benefits to employers. Our offerings include business insurance, health insurance, dental insurance, vision insurance, life insurance, disability insurance, and more. We work closely with employers to tailor insurance packages that meet their specific needs and budget.

Can independent contractors be insured under a group health plan too?

Generally no, although some insurers offer limited flexibility for this with their group health plans.

How can Lyceum Insurance Services help my company?

At Lyceum Insurance Services, we understand the importance of providing competitive employee benefits to attract and retain top talent. Our experienced team of consultants will assess your company’s requirements, negotiate with insurance providers on your behalf, and present you with cost-effective options that align with your budget and employee needs. We’ll handle the complexities of insurance administration, freeing you up to focus on your core business.

How much does the employer have to pay for the premium?

Most of the time, carriers mandate that employers pay at least half of the employee health insurance premium. However, the employer is not required to contribute to the cost of dependent coverage.

Can Lyceum Insurance Services assist with compliance and regulatory matters?

Absolutely. Compliance with insurance regulations and healthcare laws can be a daunting task for employers. Lyceum Insurance Services stays up-to-date with the latest regulations and can help ensure your company remains compliant. We provide guidance on regulatory requirements, assist with reporting obligations, and offer expert advice on navigating complex compliance issues.

How do I get a quote for insurance benefits from Lyceum Insurance Services?

Getting a quote is easy. Simply reach out to our team via phone or email, and one of our dedicated consultants will be happy to assist you. We’ll gather the necessary information about your company’s size, location, and employee needs to provide you with a tailored quote that fits your requirements.

Can Lyceum Insurance Services assist with employee education and communication?

Absolutely; we strongly believe in empowering employees with knowledge and understanding. Lyceum Insurance Services offers comprehensive employee education and communication programs. We provide informative materials, conduct employee seminars, and offer online resources to help your employees make informed decisions about their insurance benefits.

How many employees does a company need to have to qualify for group health coverage?

A company needs at least two full-time ‘eligible’ employees or owners. The two eligible can be an owner and an employee, two partners of a business partnership, or two officers of a corporation (but not two who are married).

How responsive is Lyceum Insurance Services in addressing claims and employee inquiries?

We pride ourselves on excellent customer service. Our dedicated team is available to address claims and employee inquiries promptly and efficiently. We strive to provide personalized support and ensure a smooth claims process for both employers and employees.

Can Lyceum Insurance Services help with the enrollment process?

Absolutely. Lyceum Insurance Services offers assistance with the enrollment process to ensure a seamless experience for both employers and employees. We provide support in organizing open enrollment periods, guiding employees through plan selection, and facilitating the necessary paperwork and documentation.

Are Lyceum Insurance Services’ insurance plans customizable?

Yes; every company’s needs are unique, so we offer customizable plans to cater to the specific requirements of your organization. Our experienced consultants will work closely with you to design insurance packages that align with your company’s goals and the preferences of your employees.

Can Lyceum Insurance Services help with cost containment strategies?

Absolutely. We understand the importance of managing costs without compromising the quality of insurance benefits. Lyceum Insurance Services can help you implement cost containment strategies, such as exploring different plan options, leveraging technology for streamlined administration, and negotiating competitive rates with insurance providers.

What ongoing support does Lyceum Insurance Services provide after implementing insurance benefits?

Lyceum Insurance Services is committed to building long-term relationships with our clients. After implementing insurance benefits, we continue to provide ongoing support. Our dedicated account managers are available to address any questions or concerns that may arise. We also conduct periodic reviews to ensure your insurance plans remain aligned with your evolving needs.

Does Lyceum Insurance Services offer any additional employee wellness programs?

Yes, employee wellness is an integral part of our services. Lyceum Insurance Services offers additional employee wellness programs to promote a healthy and engaged workforce. These programs may include wellness challenges, health screenings, educational webinars, and access to resources for promoting physical and mental well-being.

When is continuation for COBRA allowed?

COBRA applies to any employer group that averages twenty or more full-time employees during the previous calendar year. Responsibility for complying with COBRA regulations lies with employers, not insurance companies. Not complying with COBRA can result in significant governmental fines and penalties, which is why Lyceum offers COBRA administration as part of our services for all clients.

What are the tiers of HR packages that Lyceum provides?

Our suite of services gives every client unlimited access to key resources, content, and tools that help them and their HR teams perform their best. Tier 1 provides access to the basics with notices, compliance calendars, and a content library. Tier 2 gets a lot more competitive with benchmarking tools, job description builders, salary benchmarking, employee handbook tools, and more. Tier 3 supercharges your HR services with an unlimited HR hotline, performance review tools, learning management systems, and more.

What products does Lyceum offer?

Lyceum offers a wide range of products, including open enrollment tools such as educational resources, checklists, presentations, and guides to provide your employees with everything they need for success. We also offer communication tools, like customizable benefits announcements, employee newsletters, and presentations to streamline your company’s communication channels. For a full list and description of the products we offer, click here.