Finding quality, affordable group health insurance for your business should not be a stressful task. From companies with 10 or less employees to those with 100 or more, there are multiple group health insurance plans to consider.
While you may not be required to offer group health insurance benefits to your employees, this shows that you truly care about them as people. Along with this, comes happier workers who are more likely to stay with the company for an extended period of time.
Follow these steps when it comes time to buy group health insurance for the first time or make a change to a new provider.
- Learn more about the industry and current state of the market. Before you ever contact a health insurance company direct or hire a broker, you should personally learn more about the industry. This includes everything from insurance carrier ratings to average premiums and much more.
- Consult with your employees. Is this something you have to do? Absolutely not. Is it something that makes sense? Of course. While you don't have to speak with every employee personally, you may want to send out a survey or questionnaire as a means of gathering targeted information.
- Go online to receive quotes. In the past, obtaining quotes was a time consuming process as you had to contact companies and brokers directly via telephone. In today's day and age, you can receive information online without delay.
- Make a purchase and don't look back. It doesn't matter if you are the company owner or an HR professional, this is a big decision. At some point, after you have completed all your research, you need to choose a policy and move forward with the purchase.
- Compare all your options. At the very least, you should compare a quote from three different health insurance providers. This will give you a clear understanding of the industry, while allowing you to better understand which plan is right for your company.
Additional types, of coverage, that are available:
- Dental
- Life
- Short term disability
- Long term disability
- Vision
For more information about Group Health Insurance feel free to visit http:/pmgagency.com or contact a PMG Agent today.