Phone: (609) 903-7661


Health Insurance
Health Reimbursement Arrangements
Health Savings Accounts
Life Insurance
Disability Insurance
Long Term Care Insurance
Dental Insurance
Voluntary Workplace Benefits
Flexible Spending Accounts
Employee Assistance Programs
Insurance Sites


D.B.S. Brokerage Services, Inc. specializes in various types of Group and Individual products. Our employee benefits product portfolio includes Medical, Dental, Life, Disability, Long Term Care, and more:

Group Products:

Medical Insurance
* HMO * POS * PPO * High Deductible HSA and HRA compatible plans

Life Insurance
* Life and AD&D * Supplemental life * Voluntary programs

* Indemnity * PPO * POS *DMO


Disability Insurance
* Long Term Disability * Short Term Disability * Voluntary programs

Long Term Care Insurance
* Group * Multi-Life * Individual

Voluntary Workplace Benefits
* Critical Illness * Term Life Insurance * Accident and Injury * Disability

Employee Assistance Programs

Individual Products

* Life Insurance * Disability Insurance * Long Term Care Insurance

Health Insurance

D.B.S. Brokerage Services recognizes the challenges of rising healthcare costs and the demands of running a successful business. With the vast number of healthcare products now available, it would be challenging and time consuming for someone to sort through products and companies without a specialist to guide and them. D.B.S. Brokerage Services will help you to find the health insurance policy coverage or health benefit plan that's right for you and your employees. We will provide you with a range of options plus resources and information to help you get the most out of your health benefits dollars.

Health Insurance Glossary

A method of paying medical providers through a pre-paid, flat monthly fee for each covered person. The payment is independent of the number of services received or the costs incurred by a provider in furnishing those services.

The Consolidated Omnibus Budget Reconciliation Act 1985, commonly known as COBRA, requires group health plans with 20 or more employees to offer continued health coverage for you and your dependents for 18 months after you leave your job. Longer durations of continuance are available under certain circumstances. If you opt to continue coverage, you must pay the entire premium, plus a two percent administration charge.

The amount you are required to pay for medical care in fee-for-service plan or preferred provider organization (PPO) after you have met your deductible. The coinsurance rate is usually expressed as a percentage of billed charges. For example, if the insurance company pays 80 percent of the claim, you pay 20 percent.

A cost sharing arrangement in which a person pays a specific charge for a specific medical service -- say $10 for an office visit or $5 for a prescription.

The amount of money you must pay upfront each year to cover your medical care expenses before your insurance policy starts paying.

Specific conditions or circumstances for which the policy will not provide benefits.

A payment system for health care where the provider is paid for each service rendered.

Health Maintenance Organization (HMO)
Prepaid health plans in which you pay a monthly premium and the HMO covers your doctor's visits, hospital stays, emergency care, surgery, preventive care, checkups, lab tests, X-rays, and therapy. You must choose a primary care physician who coordinates all of your care and makes referrals to any specialists you might need. In an HMO, you must use the doctors, hospitals and clinics that participate in your plan's network.

Health Savings Accounts (HSA)
An HSA works like an IRA, except that money is used to pay health care costs. Participants enroll in a relatively inexpensive high deductible insurance plan. Then, a tax-deductible savings account may be opened to cover current and future medical expenses. The money deposited, as well as the earnings, is tax-deferred. The money can then be withdrawn to cover qualified medical expenses tax-free. Unused balances roll over from year to year.

Lifetime Limit
A cap on the benefits paid under a policy. Many policies have a lifetime limit of $1 million, which means that the insurer agrees to cover up to $1 million in covered services over the life of the policy.

Managed Care
An organized way to manage costs, use, and quality of the health care system. The major types of managed care plans are health maintenance organizations (HMOs), point-of-service (POS) plans and preferred provider organizations (PPO).

A joint federal-state health insurance program that is run by the states and covers certain low-income people (especially children and pregnant women), and disabled people.

The federally sponsored health insurance program of hospital and medical insurance primarily for people age 65 and over.

Out-of-Pocket Maximum
The most money you will be required to pay in a year for deductibles and coinsurance. It is a stated dollar amount set by the insurance company, in addition to regular premiums.

Point-of-Service (POS) Plan
A type of managed care plan combining features of health maintenance organizations (HMOs) and preferred provider organizations (PPOs), in which individuals decide whether to go to a network provider and pay a flat dollar copayment (say $10 for a doctor's visit), or to an out-of-network provider and pay a deductible and/or coinsurance charge.

The ability for an individual to transfer from one health insurer to another health insurer with regard to pre-existing conditions or other risk factors.

A cost containment feature of many group medical policies whereby the insured must contact the insurer prior to a hospitalization or surgery and receive authorization for the service.

Pre-existing Condition
A health problem that existed before the date your insurance became effective. Many insurance plans will not cover preexisting conditions. Some will cover them only after a waiting period.

Preferred Provider Organization (PPO)
A network of health care providers with which a health insurer has negotiated contracts for its insured population to receive health services at discounted costs. Health care decisions generally remain with the patient as he she selects providers and determines his or her own need for services. Patients have financial incentives to select providers within the PPO network.

The amount you or your employer pays in exchange for insurance coverage.

Primary Care Physician
Under a health maintenance organization (HMO) or point-of-service (POS) plan, usually your first contact for health care. This is often a family physician, internist, or pediatrician. A primary care physician monitors your health, treats most health problems, and refers you to specialists if necessary.

Any person (doctor or nurse) or institution (hospital, clinic, or laboratory) that provides medical care.

Third-Party Payer
Any payer of health care services other than you. This can be an insurance company, an HMO, a PPO, or the federal government.

Usual and Customary Charge
The amount a health plan will recognize for payment for a particular medical procedure. It is typically based on what is considered "reasonable" for that procedure in your service area.

Utilization Review
A cost control mechanism by which the appropriateness, necessity, and quality of health care services are monitored by both insurers and employers.

Health Reimbursement Arrangements (HRA)

An HRA is an employer funded account used to reimburse employees for qualified medical expenses. An HRA is typically established to offset out-of-pocket employee expenses when a high deductible health plan is offered. Only the employer may contribute to an HRA. Carryover is at the discretion of the employer.

Health Savings Accounts (HSA)

An HSA is a tax—-exempt trust or custodial account created to pay for qualified medical expenses of the account holder and his/her spouse/dependents. Individuals and families covered by a qualified high deductible health insurance plan are eligible. The account may be funded by the individual and/or an employer. Funds may be carried over indefinitely throughout an account holder’s lifetime.

Long Term Care Insurance

Selecting a long term care insurance company is an important decision. You need to find a company you can trust to help protect your assets and lifestyle as you grow older. D.B.S. Brokerage Services can provide you with an overview of industry leaders offering plans with innovative portfolios and comprehensive benefits to help protect you from the high costs of long term care.

Flexible Spending Accounts (FSA)

FSAs, also known as Section 125 plans are created to reimburse qualified medical expenses or dependent care expenses. FSAs are typically funded by an employee. Employees are not subject to Federal, Social Security, or in most states, state taxes on contributions to an FSA. Employers are not subject to FICA or unemployment taxes on FSA contributions.

Dental Insurance

There are now various dental products available for employer groups, including Traditional Indemnity, Preferred Provider Organization (PPO), Point of Service (POS), and Dental Maintenance Organizations (DMO) plans. Group dental discount programs are available as well which represent a viable alternative for employers that do not offer dental insurance, but would like to enhance their employee benefits. These are available on a contributory and noncontributory basis in many states.

Insurance Links

Companies Represented, But Not Limited to:

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