Government Contracting
At Boon we pride ourselves on being experts in our industry and forward-thinkers in the world of benefits for government contractors.
Who We Are
Boon is your wholesale partner for better benefit solutions.
Fringe benefit solutions designed with the competitive government contractor in mind. We offer compliant healthcare benefits, designed for contractors working under the Service Contract Act (SCA), Davis-Bacon Act (DBA), and state prevailing wage and local living wage laws. Boon builds better fringe benefit solutions for government contractors with our 3Cs approach to benefits: Compliance. Competitiveness and Cost Savings.
For part-time and full-time employees our offerings cover a wide variety of employee needs. We strive to provide employee benefit solutions that give employers a compliant option that keeps costs low without sacrificing care.
As a broker-friendly partner, we collaborate to offer the best benefit program for your business.
Government Contracting
At Boon, we pride ourselves on being experts in our industry and forward-thinkers in the world of benefits for government contractors. One fringe benefit solution doesn’t work for all contractors. We provide education and guidance to our clients to ensure their compliance and to help them choose the solutions that are the perfect fit for their needs.
Government contractors have options when it comes to spending their fringe dollars. Boon provides bona fide fringe benefit solutions, compliant healthcare benefits, and administrative services – with our commitment to finding the best benefit solution for your business.
Here are some of the unique offerings that support contractor compliance:
- Hour banking and individual premium reserves
- Supplemental unemployment and vacation benefits
- Paid-up life insurance
- Fringe and trust accounting
- Dependent-only care
Hourly Workers
Simplified and alternative solutions for group medical insurance designed exclusively for part-time, seasonal, and hourly employees.
Compliance. Affordability. Flexibility. It’s possible to have all three without sacrificing care. Boon offers hourly employee benefit solutions that are designed as affordable alternatives to the more traditional comprehensive health coverage so that your client has the best possible options.
As a wholesale partner and third-party administrator, we offer a host of simplified benefit plans:
Medical Benefit Programs
- Minimum Value Plans (MVPs)
- Minimum Essential Coverage (MECs)
- Fixed Indemnity
Ancillary Benefits
- Dental and Vision
- Telemedicine
- HRA Administration
- Short-term and Long-term Disability
- Term Life Insurance
Industries & Expertise
We are subject matter experts with over 40 years of experience serving the government contracting space and employers with hourly workers. Our experts are thought leaders in crafting solutions that are in compliance with the Service Contract Act, Davis-Bacon Act, living and state prevailing wage, and other regulations and legislation as applied to hourly workers.
Our benefits touch industries such as:
- Security
- Janitorial and Sanitation
- Trucking
- Construction
- Commercial Retail and Services
- And more!
Employee Benefit Solutions
Boon offers customized and creative solutions, uniquely designed for the government contracting space.
As your wholesale partner for employee benefit solutions, here’s what we can offer:
- Monthly and hourly priced traditional major medical plans (including fully insured options and self-insured options)
- Medical benefit programs for part-time and seasonal employees (including minimum essential coverage, fixed indemnity and minimum value plans)
- Telemedicine
- Dental and Vision
- Short-term Disability
- And more!
We are committed to offering cost saving benefit solutions that are compliant and geared towards the employer’s competitive edge. We support our clients with robust in-house services, including:
- Consolidated billing
- Missed premium administration
- Streamlined online enrollment
- Worksite benefits
Prevailing Wage
State Prevailing Wage Law
The intent of State Prevailing Wage Laws is to require that contractors supply their workers on certain public projects with a reasonable hourly wage and benefit level. In keeping, construction and service workers within a particular region will receive similar rates on publicly funded projects. More than 32 states currently support and enforce prevailing wage laws, and, are often referred to as Little-Davis-Bacon Acts. Determined by the locality of business, wage rates are set as a result of bargaining agreements or community calculations on the desired rate for a local prevailing wage.
Living Wage Law
The concept of a “living wage” is growing in popularity with municipalities throughout the United States. To date, more than 70 cities and at least 39 states have implemented or are considering some form of living wage requirements. The dominant force of a living wage ordinance is to require contractors, who provide city services, to pay their employees a minimum wage as determined by the local authority. In many cities a fringe benefit is also required. These mandated wage and benefit requirements will vary from city to city and one must be cautious not to infer any uniformity. However, the ordinances of certain cities have been hailed as models for this movement. The growing momentum of the living wage furor may help proponents to extend their policies beyond municipal precincts to cover all employers, not just those with municipal contracts.
Compliance and Employer Resources
Boon offers a full spectrum of compliance and accounting services to our clients including: employer support with DOL audits, custom plan documents, HIPAA/ACA/state regulation compliance, access to internal legal counsel, and more.
Important Resources
Contact an Expert
The next step? Allow one of our expert consultants to walk you through a customizable, compliant solution.
Solutions to Fit Your Needs
Are you looking for a specific benefit solution? Boon can provide a tailored solution for a wide variety of your needs. We provide wholesale service solutions for government contractors, fixed indemnity plans, MEC/MVP plans, dependent care coverage, retirement options and an alternative option to satisfy the San Francisco Healthcare Security Ordinance (SFHCSO).
Cost Savings Calculator
Try our cost savings calculator to find the potential for tax and payroll savings available to your contractor clients.
Government contractors working under the Davis-Bacon, Service Contract Act, or Prevailing Wage and Living Wage Ordinances have the choice to either pay fringe benefit obligations in cash or through benefts. Find your best solution!
