Thinking of getting a health care plan for your company? Whether small, mid-sized or large, there are many good reasons to offer health insurance for your employees. Here are few simple steps to guide you in choosing a health plan for your company:
- Determine your needs and what can you afford. If your employees are mainly highly paid, skilled workers, you may possibly need to at least match what the competition. If you have a lot of young workers, then you may be able to get away with only offering coverage for the employees, not their family. If you need to retain older employees, then family coverage will be important. These are just a few of the considerations in this class.
- Understand what’s available. There are a maze of options and possibilities. Sit down with an insurance agent who will guide, not confuse you, as you seek to identify the best possible health plan option for your company.
- Identify & choose a vendor. Most small-group health insurance are sold through agents. A so-called independent agent will sell policies for various vendors / carriers, whereas a “captive” agent represents just one. Unless you’re determined to go with a particular insurer, you’re best off comparison shopping through an independent. Agents seldom compete on price; so you will have to rely on more subjective factors such as experience, demeanor, and the menu of value added services that each broker offers.
Good luck, and all the best to you and your company!
Leave a Reply