Insurance Company in Bakersfield

If you’re looking for reliable and comprehensive insurance services in Bakersfield, Professional Benefits Team Inc is here to help. Whether you need health or life insurance coverage, our experienced team is dedicated to finding the right solutions tailored to your needs. With a wide range of policies and personalized service, we make accessing protection simple and stress-free.

Your safety, security, and satisfaction are our priorities. Trust us for all your insurance needs in Bakersfield and beyond! Call us today at (559) 275-7706 to schedule a consultation.

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How Are Insurance Companies Different From Insurance Brokers?

As an insurance company, we’re among the many companies that create, underwrite, and sell insurance policies directly to clients like you. We assume the financial risk associated with insuring you, meaning that when you file a claim, it’s insurance companies like us that process and pay out the settlement. Insurance companies like us often offer a range of policy types and typically provide tailored options to meet the specific needs of clients.

In contrast, insurance brokers act as intermediaries between clients and multiple insurance companies. Brokers do not underwrite or assume the risk of policies; instead, they help clients compare coverage options across different insurers to find the best fit for their needs and budgets.

While brokers provide valuable advice and access to a variety of providers, they don’t handle claims or issue policies directly. As an insurance company, we simplify the process by offering comprehensive coverage options and personalized service without the need for a middleman.

Professional Benefits Team Inc’s Insurance Services

We offer a wide range of insurance solutions tailored to protect you. Whether you’re seeking coverage for yourself, your family, or your employees, our team is here to help you find the right policy.

Life insurance
Individual and group health insurance
Dental and vision insurance
Disability insurance
Long-term care insurance

We’re committed to providing peace of mind through comprehensive solutions. Reach out today to discuss your coverage needs and let us guide you toward a secure future.

How Does Tailored Group Health Insurance Benefit Your Business?

As a small or medium-sized business owner, you understand the value of group health insurance benefits. Recruiting the right fit for a position within your business can sometimes come down to how competitive your health, life, dental, and prescription package is. That's why you're ready to leverage the power of customization to keep your company on the cutting edge so it remains a magnet for your industry's rising stars.

Tailored group health insurance solutions offer employers flexibility and cost control while providing valuable benefits that help your business attract and retain top talent.

Options for customizing your business's group health plan include:

Partially funded small business insurance plans that blend employer contributions with employee cost-sharing.
Fully self-funded health benefit programs where employers cover claims directly, often reducing long-term costs.
Level-funded insurance packages that combine predictable monthly payments with the potential for year-end savings based on actual claims data.

These plans help businesses of all sizes attract employees, increase workplace satisfaction, and reduce turnover by providing meaningful and reliable benefits.

Which Voluntary and Value-Added Employee Health Benefits Are Available?

In addition to essential health coverage, we provide a range of voluntary and value-added employee benefits that offer extra financial protection and enhance overall wellness. These supplemental benefits are increasingly popular among employees and can further distinguish your benefits package.

In-demand options include:

Accident insurance: Provides lump-sum payments for injuries sustained in covered accidents
Critical illness insurance: Pays benefits when employees receive diagnosis confirmation of a significant health condition, such as stroke, heart attack, etc.
Cancer insurance: Delivers focused support for cancer-related medical expenses, including treatment and recovery costs
Hospital indemnity insurance: Pays daily or lump-sum hospital stay benefits and assists with medical and non-medical costs

Attract Top Talent With Value-Added Health Savings Tools

We offer the following tax-advantaged savings tools to support employee financial well-being and long-term health planning.

Health Reimbursement Arrangements (HRAs)

HRAs are employer-funded benefit accounts used to reimburse employees for qualified medical expenses and, in some cases, health insurance premiums. Unlike other health accounts, an HRA is funded solely by the employer. Employees can't contribute their own money.

Employee reimbursements through an HRA are tax-free, providing a valuable way to offset out-of-pocket healthcare costs. Depending on the plan structure, any unused funds in the account may roll over from year to year, offering ongoing financial support for medical needs.

Flexible Spending Accounts (FSAs)

An FSA allows employees to set aside pre-tax dollars to pay for out-of-pocket healthcare costs.

These benefit accounts are:

Funded by the employee through payroll deductions, sometimes with the addition of employer contributions
Used to cover expenses related to things like copays, prescriptions, and eligible medical supplies
Bound by a "use-it-or-lose-it rule," meaning unused funds may be forfeited at year-end or after a short grace period
Available regardless of health plan type

Health Savings Accounts (HSAs)

HSAs are available to employees enrolled in high-deductible health plans (HDHPs). Contributions can be made by the employee, the employer, or both parties. These funds roll over annually and remain with the employee, even if they leave the company. HSAs can be used tax-free for qualified medical expenses and may also earn interest or be invested, making them a powerful tool for short-term spending and long-term savings.

What’s the Difference Between Insurance Premiums and Deductibles?

A premium is the amount you pay, typically monthly or annually, to maintain your insurance coverage. This is essentially the cost of having an active policy, and it remains consistent as long as the terms of your policy do not change.

A deductible, on the other hand, is the amount you agree to pay out of pocket before your insurance kicks in to cover a claim. For example, if you have a $500 deductible on an insurance policy and file a claim for $2,000, you would pay the first $500, and your insurer would cover the remaining $1,500.

Speak With Trusted Insurance Agents Today

Whether you need insurance for your loved ones or your team of employees, our insurance agents can assist you. We’ll provide you with manageable premiums and a policy that covers what you need. Our experienced team is here to help.

Looking for an insurance company in Bakersfield? Contact us at (559) 275-7706.