Advanced Insurance Services is currently one of the fastest-growing agencies in the United States. Why? Because we’re passionate about providing the best services to small and medium-sized companies with our signature products that include business and health insurance. At Advanced Insurance Services, you’re guaranteed the best insurance coverage at the most competitive prices. As a nationally recognized, fully licensed insurance company, our mission has always been to provide affordable and efficient services to businesses and individuals – which has allowed us to see our fifteenth year in the industry.Read More
When life strikes, we are by your side! Life is a journey of “expect the unexpected” and everybody should have strong protection especially for those unexpected situations. The AIS team works diligently to ensure that our clients are protected against all kinds of threats to their health.
We work our way through the seemingly constant changes in the healthcare industry, so our clients stay knowledgeable about the complex regulations and requirements.
When you offer employee benefits to your employees, you build allegiance. AIS shows you how easy it is to get affordable health insurance that fits your lifestyle and your business.
Insurance health plans provide coverage to a group of members, usually comprised of company employees or members of an organization. Group health members usually receive insurance at a reduced cost because the insurer’s risk is spread across a group of policyholders. Organizations can choose from following plans:
Keep smiling with quality dental insurance coverage
Everyone wants a healthy and attractive smile. Daily brushing and flossing, a healthy diet and regular dental checkups are the best ways to maintain your teeth and prevent minor dental problems from becoming major health issues. Serious conditions, such as heart disease and diabetes, can often be identified in their early stages through regularly scheduled oral screenings. AIS Dental Insurance will keep your employees smiling with affordable, comprehensive dental insurance from some of the best dental insurance providers on the market.
For us, sight is the most important out of our five senses. To say that visual impairments can have a negative impact on a person’s ability to perform their jobs is an understatement.
Unfortunately, blindness and other types of vision impairment are a common disability in the United States. Many factors, especially age, can have an impact on a person’s vision. Regular visits to an optometrist are crucial to maintaining healthy vision. To help reduce employer and employee costs for vision care, AIS provides access to low cost, comprehensive vision insurance plans. Vision insurance plans make a great supplement to any employer healthcare benefits package as the premiums are very affordable.
AIS’ vision insurance plans offer many benefits including:
Employers and employees have the same concerns: “What will happen to his or her family if something unexpected happens to him?” Will they be able to maintain their current standard of living? Will their children be able to attend college? And what about retirement plans? A life insurance plan from AIS will give your employees the peace of mind knowing that the special people in their lives won’t have to deal with any financial burdens in the event of death.
Life insurance plans give employees the means to provide their beneficiaries with financial security after they’ve passed.
A 401(k) plan is a tax advantaged, defined-contribution retirement account offered by many employers to their employees. It is named after a section of the U.S. Internal Revenue Code. Workers can make contributions to their 401(k) accounts through automatic payroll withholding, and their employers can match some or all of those contributions. The investment earnings in a traditional 401(k) plan are not taxed until the employee withdraws that money, typically after retirement. In a Roth 401(k) plan, withdrawals can be tax-free.
Short Term Disability Insurance
Short-term disability insurance is an insurance product that replaces your income for a short period of time in the event that you experience a disability. The benefit period usually lasts 3 to 6 months.
Long-term disability Insurance
Long-term disability insurance (LTD) is an insurance policy that protects an employee from loss of income in the event that he or she is unable to work due to illness, injury, or accident for a long period of time.
There are a lot of individuals who cannot be part of group health insurance either because they are not being provided insurance by their company or they are into their own business or they are a student visiting the US for higher studies. AIS is providing these services to them through our empaneled careers.
Visitor health insurance, also known as visitor medical insurance, is a form of short-term travel medical insurance policy that visitors to any country purchase to obtain coverage protection for accidental injury or sickness or illness that occurs during their stay in the host country. AIS has been serving the community for many in providing visitor insurance through our subsidiary Visitors Guru. If you have your parents or any family members visiting USA, it is important that they are covered for any health related emergency during their stay in USA.
“Expect the best and be ready for the worst”. Organizations should approach their business with a sense of enthusiasm and positivity and always expect best out of it. However, they should make sure that they are prepared and plan for the worst as many times situations are not in our control. To sail you out of these situations, AIS has a variety of valuable loss prevention products to protect your small and medium size business. Our Business Insurance advisors will help you at every step as they are well versed with the local, state and national rules & regulations. They will ensure that you are protected from all risks and in compliance with federal regulations too. This is just a part of what we mean when we say we are “Your Ambassadors for Protection”.
Commercial general liability (CGL) is a type of insurance policy that provides coverage to a business for third party bodily injury, personal injury, and property damage caused by the business’s operations, products, or injuries that occur on the business’s premises. CGL is considered comprehensive business insurance, though it does not cover all risks a business may face.
Cyber-insurance is a specialist insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. It covers your business’ liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver’s license numbers, and health records.
Errors and omissions insurance (E&O) is a type of professional liability that protects companies, their Employees, and other professionals against claims of inadequate work or negligent actions committed in the course of performance of services.
This is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee’s right to sue their employer for the tort of negligence. Most state requires that every business to purchase this policy as soon as they hire their first employee.
Umbrella insurance is extra insurance that provides protection beyond existing limits and coverage of worker’s compensation and CGL and hired and non-owned auto policies. Umbrella insurance provides coverage for claims that may be excluded by other liability policies including claims like false arrest, libel, slander, and liability coverage on rental units you own.
Commercial auto insurance protects small businesses when their vehicles are involved in a collision or are stolen, vandalised, or damaged. A commercial auto insurance policy provides funds to repair or replace the vehicle and covers related medical expenses and third-party property damage.
Employment practices liability insurance protects companies if an employee sues over wrongful employment practices or work-related issues. These kind of disputes have become very common in US. This means companies don’t have to pay legal costs, including judgements, out of pocket when an employee or group of employees claim their rights have been violated. The Policy has to be active both when the incident of wrongdoing was filed and when it took place.
First-party fidelity bonds protect your tech business when an employee commits fraud, theft, or forgery against your business.
Third-party fidelity bonds protect your clients from fraud, theft, or forgery committed against them by one of your employees.
Directors and officers (D&O) liability insurance is insurance coverage intended to protect individuals from personal losses if they are sued as a result of serving as a director or an officer of a business or other type of organization. It can also cover the legal fees and other costs the organization may incur as a result of such a suit.
Accounts Receivable Insurance, also known as credit insurance provides companies protection against customers that fail to pay what they owe. 40% of a company’s assets are in the form of trade debts. As a result, there is a greater chance that a business will experience a loss within its accounts receivable than any other asset.
ERISA – Employee Retirement Income Security Act.
The (ERISA) is a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans. It provides a summary plan description (SPD) that explains the plan’s terms and conditions to all enrolled employees. Are you providing a consolidated and maintain a written plan document (ERISA DOCUMENT) to your employee/new hires within 90 days of plan change? If not, then you are not compliant and can be subject to penalties.
If you are deducting premium from employee’s salary on pre-tax basis, you must have POP document in place to be compliant. Employees make contributions to their group health, dental, and term life insurance before taxes are calculated, POP is enabling them to save FICA and federal income tax (up to 30%) on their insurance deductions with every paycheck. Employers save on FICA taxes (of 7.65%.) If POP document is not generated and employer is making a tax deduction on pre-tax basis, it tends to non-compliant and subject to penalties. This is also called Section 125/Cafeteria plan.
COBRA is a Federal law. This is mandatory for group health plans sponsored by employers with 20 or more employees. It gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances such as voluntary or involuntary job loss, reduction in the hours worked, the transition between jobs, death, divorce, and other life events.
In order to qualify for tax-favored status, a benefit plan must not discriminate in favor of highly compensated employees (HCEs) and key employees with respect to eligibility, contributions, or benefits. The Federal government has established regulations that specify requirements for each type of benefit plan governed by IRC Section 125, IRC Section 105, and IRC Section 129. In order to evidence compliance annual tests must be performed and the results documented for each benefit plan. The results are subject to audit by the IRS.
Employer needs to report Health Insurance Offer and Coverage Information’s to IRS and a few selected states at the end of the year. As per the Affordable Care Act (ACA), businesses with Applicable Large Employees (ALE) – 50 or more full-time equivalent employees – must provide the IRS with ACA reporting using IRS form 1094-C and 1095-C that explains what benefits they offered. Those with 49 or fewer employees don’t need to report this data unless they’re self-insured. AIS offers this value-added service to its client to complete these filings to IRS and keeps them absolutely hustle free.
A Health Savings Account (HSA) is a tax-advantaged account to help people save for medical expenses that high-deductible health plans do not cover. An HSA, owned by an employee, can be funded by the employee and the employer. The contributions are invested over time and can be used to pay for qualified medical expenses. Account balances are rolled over from year to year
A health reimbursement arrangement (HRA), is an IRS-approved, employer-funded, tax-advantaged health benefit used to reimburse employees for out-of-pocket medical expenses and personal health insurance premiums.
An HRA is not health insurance. Instead, employers offer employees a monthly allowance of tax-free money. Employees then buy the health care services they want, potentially including health insurance, and the employer reimburses them up to their allowance amount.
A flexible spending account (FSA) is a type of savings account that provides the account holder with specific tax advantages. An FSA, sometimes called a flexible spending arrangement, is set up by an employer for an employee. The account allows employees to contribute a portion of their regular earnings to pay for qualified expenses related to medical and dental costs.
AIS is a very strong partner with PHLY. They are a hardworking, service-oriented agency that primarily focuses on IT business. They are wonderful to work with and are great people.
We had an excellent experience with AIS Business Insurance team. They guided us on every step and helped us to take an intelligent and informed decision. Thanks team AIS.
The Hartford found AIS very professional and knowledgeable about their client’s needs and they procure coverage solutions for their client's contractual obligations. I would highly recommend them as an insurance risk consultant.
Our company has taken services of AIS insurance for many years in both business and health Insurance and we are very satisfied with their excellent customer service and competitive pricing.
We are very happy with the AIS service and rates. They helped us to come with a very creative self-funded plan. I strongly recommend them to anybody and you will not be disappointed.
The explanation of the compliance team member was very easy and perfect. Her call made me feel easy. Once again I appreciate the way you treat customers.
Thank you, AIS for all the required quotes. You have done an impressive job in educating us and signing up with your agency. Your team gave us best-required attention and solutions to the clients in a timely manner.
We have always received prompt service & advice from Business Insurance Team at AIS. It was always a pleasure working with the team and they all were very dedicated and helpful.