The answer to employer penalties come January 1, 2014. The Industrial Insurance Agency Private Exchange Program for employers

1. Industrial Insurance Agency's: PRIVATE EXCHANGE
Industrial Insurance Agency's (IIA) Exchange How does it work?
Step 1:
OUR exchange allows employees to buy & re-direct any amount of Create your Plan
salary for their health insurance, and customize the plan they want You can setup your plan in 20 minutes or less online. We only
including the insurer and benefit levels. ask a few simple questions about your company.
Health Benefits down to Zero Net Cost for employers Step 2:
Create your Plan
Give us the names and contact information for the employees at your
Saves Employers/Employees 20-40% on Premiums company. We email them election kits explaining what they need to do
to start saving on their health insurance.
Employers Save 7.65% in FICA on Employee Step 3:
Premium Amounts (employees save FICA too) Send a File to your Payroll Provider
When your company processes payroll, download a file
monthly from the exchange for your payroll service provider.
Industrial's PRIVATE EXCHANGE
Affordable – IIA's exchange is affordable for every company (big or small). Because you save 7.65% in FICA on each dollar
an employee puts toward their health insurance premiums, the service pays for itself. In fact, you will probably save money.
Easy Administration – Its easy-to-use online interface lets you manage your health plan quickly and easily.
Plus, we help you communicate your plan to employees . You spend less time managing your health plan
and more time managing your business.
Employee Satisfaction – It is also great for your employees. Not only does it save 20-40% on the
cost of insurance premiums, but it also gives them the security of knowing that you want to offer them great health
benefits.
JEFF PETRO
847-485-2202 jpetro@iiaemail.com

2. How It Works
Employee Purchases Health Insurance
Your employees may already have their own
individual health insurance policies. If not, we will
connect them with the insurance company that fits
their exact needs.
Employee Adds Policy within the Exchange
The policy proof is submitted by the employee using an
online system, or via fax or mail. Once an employee
submits their policy, their work is done.
The exchange approves the Policy for Pre
Tax treatment
Policies are processed no later than two business
days from when they are submitted, but they are
generally processed within the hour.
Employer Reimburses Employee
Using monthly website reports, reimbursements are
made to employee payroll deductions. This money is
provided pre-tax (and can be up 100% employee paid)
JEFF PETRO 847-485-2202
jpetro@iiaemail.com