Must I be a member of the FAMP, to apply for, and participate in the insurance & retirement programs? Yes, participation in the programs requires an active membership in the FAMP. Member's spouses and employees are also eligible to participate in some plans. Join the FAMP>
Why should I participate in these programs? The Member Group plans allow individual members of the FAMP the opportunity to purchase insurance at group rates with benefits tailored exclusively for the FAMP. These plans offer benefits and group rates that are not always obtainable for an individual in the open marketplace. Many of the Individual/Specialty programs offer premium discounts, unique added value services, and underwriting concessions as a result of the FAMP's endorsement.
Can my employees participate in these plans? Many of the plans can be extended to your employees. The plans that are voluntary allow you and your employees to enroll without minimum participation requirements which would typically be required in order to offer these kinds of plans as an employee benefit. The voluntary plans work great as a benefit to offer your 1099 employees.