Group health insurance has been one of the go-to benefits for small to mid-sized business owners throughout California, including Roseville and Sacramento. Due to the pre-tax nature of group health insurance, it is more affordable to your employees over individual plans without sacrificing the quality of the coverage.
Despite the fact that group health insurance is generally a great option, this doesn’t mean you should choose a plan haphazardly. Not all group health insurance plans are created equal; certain plans may prove to be a better fit for your employees than other plans. This is where working with an experienced group health insurance broker is an advantage over shopping for insurance on your own. If you are purchasing group health insurance for the first time, make sure you ask the following questions to help you find the perfect coverage for your team:
Who should I be covering with the group health insurance plan?
Not all small business owners are required to offer health insurance to their employees. Take note, however, that once you do offer health insurance to an employee, you are obligated to offer it to all your other employees. Your broker should be able to help you identify the needs of your workforce and provide you with several plans that address the specific needs and concerns of your team, especially if your employees will require a special amount of coverage.
Do you recommend adding dental and vision coverage to the base plan?
Dental and vision insurance is often an extra that you will need to purchase alongside your group health insurance company. It is not required to have it, but it does help with employee retention rates. Your insurance broker can help you determine if dental insurance would be a good addition to your plan. A broker from a trusted group health insurance company like Employers Select Insurance Services, Inc. Inc. can also help work around your initial coverage so you can easily add dental coverage to the plan yet stay well within your budget.
What steps do my employees need to take when they have questions?
Don’t forget that you’ll need to explain the coverage to your employees, as well as be able to answer any questions they may have about the insurance plan. One question you will need to answer is how to process claims when obtaining out of area services. Be sure your broker can assist with employee questions directly and explain the steps employees will need to take to file claims, get reimbursements, etc.
Sources:
4 Tips To Choose Your 2017 Health Coverage At Work, forbes.com
5 Tips for Selecting the Best Health Insurance Plan, entrepreneur.com
