Employee Benefit Packages

Lone Star Health Plans

Petra Benefits Financial Services, LP is part of a larger partnership of experienced insurance professionals called Lone Star Health Plans*.  This enables our firm to provide a more expanded base of services than a nomal agency would offer.  Lone Star Health Plans consists of 13 agencies with over 300 years of combined experience and local knowledge to meet your insurance needs now and as you grow.  We analyze your current plan and design alternatives to close the gap between what you have and what you need, taking into account the expected impact of all modifications.  A well-designed and properly priced benefit program can help attract and retain quality employees.  Let us help you build your employee benefits on a firm foundation.

With the rising costs of insurance, employers may struggle to maintain competitive and economically viable benefits for their employees.  As an independent firm we shop the market among the top rated companies, and design specific plans tailored for your company's unique needs. 

Package options may include any or all of the following:
•Health Insurance
•Dental Insurance
•Vision Plans
•Life Insurance
•Short and Long Term Disability Income
•Long Term Care
•Retirement Plans

With a complete staff of licensed agents, we become your "Off-site Human Resource Department" at no cost to you. 
 
Our professional services include: 
•Enrolling new employees
•Adding dependents
•Answering your insurance questions
•Contacting insurance companies on your behalf
•Assisting to resolve claims issues
•Providing brochures, applications, and forms
•Assisting with policy changes
•Reevaluating the market on a regular basis
 
Human Resource Administrative Services
In addition to the professional services listed above, we can also offer you a variety of Human Resource Administrative Services.  We can provide a system that will integrate your HR Administration and employee benefits.  Also included are options for Payroll Services, Tax Savings Plans, and COBRA Administration.   Please contact us if you are interested in learning more about these products and services.
 
In order to keep our group clients informed of the latest policy and regulatory updates in this ever-changing market, we provide a monthly complimentary newsletter.  Click here to read the latest issue of our EMPLOYEE BENEFITS NEWSLETTER.
 
401(k) Plans
We understand that small businesses have unique needs when it comes to offering a retirement program.  That is why Petra Benefits Financial Services works only with 401(k) providers that are built to satisfy the pricing, administration, and decisionmaking needs that are unique to small businesses like yours.
 
We look for plans that are designed specifically to meet your business nees for:
  • Affordable pricing
  • Simplified plan administration
  • A diverse investment lineup
  • Award-winning service
Small businesses are a big deal to us.  So is helping your small business and your employees prepare for a more confident retirement.
 
As a small business owner, you may not have the time, resources or experience to worry about offering a 401(k) plan that will meet your needs and those of your employees.*  That's  where we step in.  We help you design a suitable plan for your situation and assist you along the way.
 
Some plans offer:
  • Electronic enrollment which saves time and reduces complicated paper forms
  • Annual Report package which helps you maintain compliance easily and helps you prepare for your plan's annual review and its submission to the Department of Labor
  • Automated loan process which simplifies processing loans and calculating vesting and eligibility
  • Straightforward pricing**
  • Competitive annual and per-participant fees
  • Less expensive than many larger group retirement programs
*These products are available only to 401(k) plans subject to ERISA, with at least one other participant or eligible employee who is not an owner of the business or an owner's spouse.
**Request a proposal for more details.
 
Health Savings Accounts
We recommend HSA Resources for you and your employees' Health Savings Accounts.  You can find all the information you need about HSAs at HSAresources.com.  This information will give you a comprehensive understanding of how your High Deductible Health Plan (HSA Compatible) works together with a Health Savings Account.  In order for us to serve your account, please use the following links to print off applications with our information already included.  You will need to complete the Employer Enrollment Documents and each employee will need to complete an Individual Application.
 
Supplemental Insurance
In addition to group insurance coverages mentioned above, we offer a variety of supplemental plans including, but not limited to Term Life Insurance, Cancer Insurance, and Accident Insurance.  These supplemental policies are designed to be paid directly by the employees.  Payroll deduction is not needed.  To apply for, or simply to obtain more information on these products please click the link below. 

MiQuotes

 

 Here are a few of the providers that we represent:

 

 

 

 

 

 

 

 

 

 

Search For a Doctor
Are you wondering if your doctor is in a certain insurance company's network?  If so, you can use one of the online provider finders below to find out.
 
 
Search For a Dentist
Is your dentist in a certain insurance company's network? Click the links below to find out.
 
 
 

This information is being provided strictly as a courtesy to you. If you link to any of the websites provided herewith, you will be leaving this site. Royal Alliance Associates, Inc. and its Representatives make no representation as to the completeness or accuracy of information that is provided at these sites. Nor are Royal Alliance Associates, Inc. and its Representatives liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through these sites. You assume total responsibility and risk for your use of the sites to which you may link.

*Lone Star Health Plans is not affiliated with Royal Alliance Associates Inc. or registered as a broker dealer or investment advisor.