Things To Know About Group Health Insurance
Your employees are your greatest asset and you want to do everything you possibly can to make them safe. But you also have to consider the financial impact of offering group health insurance and how it will affect your bottom line. As business consultants, we understand how complicated it is to meet the needs of your employees and keep your business profitable. But we also know just how complex group health insurance can be.
If there is one aspect of risk management that you should never attempt to cover on your own, it is group health insurance. We have spent years becoming experts on the topic and we want to use our expertise to help your business succeed.
Group Health Insurance Should Be Reviewed Each Year
We have all seen the stories about health insurance providers raising their rates each year and we all know that those rate increases affect everyone. But what most people tend to forget is that rate increases are only part of the changes that health insurance providers make each year. There are also changes in requirements for service, coverage and deductibles.
You should never base your decision on what health insurance to use on price alone. Our experts have access to a variety of group health insurance policies that we can put side by side and review with you. Instead of making the hasty decision to take the policy with the lowest premium, we will make sure that you get the policy you really need.
Does Your Company Qualify For Group Insurance?
It is one thing to say that you want group health insurance for your company, but it is quite another to actually get the coverage you want. Group health policies are not just cookie-cutter programs that can be applied to any company that wants them. There are restrictions on certain types of policies and laws in certain states that may prevent your company from qualifying for the coverage you want.
Our business consulting and risk assessment experts will step in and help you to understand what kinds of policies your company can utilize. We will explain the group health insurance laws to you and put together a plan that you can really use.
What About The ACA?
If you are a business owner, then it is impossible to avoid headlines pertaining to the Affordable Care Act. You have probably heard a lot of myths and rumors about the ACA, but you need facts in order to run your business. A common myth is that the ACA is going to bankrupt small businesses all over the country. The truth is that small business with less than 50 full-time employees are not required to purchase health insurance. That covers a lot of small businesses in this country.
Do not let the myths and misconceptions about the ACA intimidate you. We know the laws and we are ready to help you determine what you need to do based on those laws. We will tell you if you need to buy coverage, or if you need to do nothing at all.
Group health insurance offers the kind of peace of mind that your employees need to be productive and happy. Let our experts show you your group health insurance options and get you into a plan that will help your company in the long run.