The Pre-Tax PlaybookThe employer's briefing on Section 125 benefits
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For brokers & advisors

Bring your clients a benefit — and the documents to back it

Your reputation is on the line with every recommendation. Here's what's verified, what's Elysian-stated, and what's pending — so you can present it straight.

Required federal noticeFixed indemnity insurance

IMPORTANT: This is a fixed indemnity policy, NOT health insurance

This fixed indemnity policy may pay you a limited dollar amount if you're sick or hospitalized. You're still responsible for paying the cost of your care.

  • The payment you get isn't based on the size of your medical bill.
  • There might be a limit on how much this policy will pay each year.
  • This policy isn't a substitute for comprehensive health insurance.
  • Since this policy isn't health insurance, it doesn't have to include most Federal consumer protections that apply to health insurance.

Looking for comprehensive health insurance?

  • Visit HealthCare.gov or call 1-800-318-2596 (TTY: 1-855-889-4325) to find health coverage options.
  • To find out if you can get health insurance through your job, or a family member's job, contact the employer.

Questions about this policy?

  • For questions or complaints about this policy, contact your State Department of Insurance. Find their number on the National Association of Insurance Commissioners' website (naic.org) under "Insurance Departments."
  • If you have this policy through your job, or a family member's job, contact the employer.

Where it fits

  • Employers with 100+ hourly / frontline W-2 employees earning roughly $240+/week[43]
  • Clients who keep their ACA major medical plan — this sits on top[28, 53]
  • California payroll (possible workers' comp effect)[42]

Not a fit

  • Mostly salaried or high earners; 1099 workforces; owners who can't participate pre-tax[44, 40]
  • Clients whose counsel won't accept a position the IRS has questioned[58, 60]

The carrier & Bain question — precisely

Elysian is a licensed agency appointed with Federal Life Insurance Company and United States Fire Insurance Company.[2] Your client's policy documents name the carrier.[14]

If the policy is issued by Federal Life: Federal Life is backed by Bain Capital through an indirect economic interest in its parent company.[10, 11, 12] Bain Capital is an investor in the carrier — not the owner of Elysian.[15]

What to put in front of a client

  1. The how-it-works walkthrough and IRS-line table
  2. The proof library with statuses
  3. Elysian's Holland & Knight memo for the client's advisor (subject to Elysian's permission)[64]
  4. A Financial Impact Statement from the client's census[41]

Broker compensation: disclosed on request once Elysian's schedule is confirmed.[34]

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