1 / 17

Find Best Small Group Health Insurance for Your Business

If you are a small business owner in North Carolina and looking to purchase the best small group health insurance for your employees? The Independent Benefit Advisors are here to understand and help you find the best group employer health insurance plan for your small, mid-size, or large company that is headquartered in NC. Here we have prepared basics to find the best small group health insurance for Your Business. If you have questions in your mind and need to answers, then feel free to call us at 919-303-9690 or http://www.thebenefitadvisors.com for the best group or individual health insurance NC.

benefitadvisors
Télécharger la présentation

Find Best Small Group Health Insurance for Your Business

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FIND BEST SMALL GROUP HEALTH INSURANCE FOR YOUR BUSINESS.

  2. INDEX 1. Find best small group health insurance for your business. 2. Find out if your small business qualifies for a group plan 3. Understand who you’re providing insurance to 4. Know what small group health insurance costs your business 5. Compare group health insurance options 6. Find the best carrier for your group health insurance needs

  3. FIND BEST SMALL GROUP HEALTH INSURANCE FOR YOUR BUSINESS.

  4. FIND BEST SMALL GROUP HEALTH INSURANCE FOR YOUR BUSINESS. As a small business owner, you probably understand the benefits a small business health insurance plan can provide your company, employees, and even your own family. However, deciding which type of insurance coverage to get can be confusing. The Independent Benefit Advisors is here to simplify that process for you. This guide provides the steps to select the best group health insurance plan for your specific business needs.

  5. FIND OUT IF YOUR SMALL BUSINESS QUALIFIES FOR A GROUP PLAN The criteria to qualify for small group insurance may vary slightly by state, but most states follow federal rules. Federal rules consider a small business eligible for group health insurance if it has: 1) 15 or more employees (including the owner) 2) Less than 50 employees

  6. UNDERSTAND WHO YOU’RE PROVIDING INSURANCE TO Typically, you need to offer health insurance to all full-time employees. You might not need to offer your plan to part-time employees or contract workers. However, some companies offer group coverage to part-time employees to help them qualify for group health insurance and in some cases, for better rates.

  7. KNOW WHAT SMALL GROUP HEALTH INSURANCE COSTS YOUR BUSINESS Understanding if your business can afford group health insurance is another important prerequisite that you should calculate ahead of time. Independent Benefit Advisors recent study found that the approximately average cost per person for small group insurance was about $425 per month.

  8. COMPARE GROUP HEALTH INSURANCE OPTIONS • What is an HMO plan? • What is a PPO plan? • What is an EPO plan? • What is a POS plan? • What is an HMO plan? • What is an HDHP plan?

  9. WHAT IS AN HMO PLAN? HMO stands for health maintenance organizations and makes up 16 percent of health plans. It is known for its lower premiums and restricted network of doctors and hospitals, which means you sacrifice flexibility for lower upfront costs. What kind of person should choose an HMO: Someone who wants to pay as little as possible in premiums and not have to face high deductibles. An HMO could be a good option if you have a PCP and your other health care providers are already in the HMO.

  10. WHAT IS A PPO PLAN? PPO stands for preferred provider organizations. Premiums and deductibles are usually much higher for a PPO compared to an HMO, but that comes with greater flexibility. What kind of person should choose a PPO plan: Someone who utilizes health care regularly and sees specialists or wants to have the option to see a specialist without getting a referral.

  11. WHAT IS AN HSA PLAN? EPO stands for an exclusive provider organization and is a managed care plan that requires you to go to doctors and hospitals in the plan’s network. What kind of person should opt for an EPO: Someone who doesn’t mind having a limited number of doctors and facilities and would rather not have to get a referral to see a specialist.

  12. WHAT IS A POS PLAN? POS stands for point of service plan and makes up only 6 percent of health plans. POS plans are a hybrid of PPO and HMOs. In fact, the point of service means that the health care consumer gets to choose whether to use HMO or PPO services each time you see a provider. What kind of person should opt for a POS: Someone who likes being able to go out of network for care, but also wants a PCP coordinating your care.

  13. WHAT IS AN HMO PLAN? HMO stands for health maintenance organizations and makes up 16 percent of health plans. It is known for its lower premiums and restricted network of doctors and hospitals, which means you sacrifice flexibility for lower upfront costs. What kind of person should choose an HMO: Someone who wants to pay as little as possible in premiums and not have to face high deductibles. An HMO could be a good option if you have a PCP and your other health care providers are already in the HMO.

  14. WHAT IS AN HDHP PLAN? HDHP stands for the high-deductible health plan. HDHP’s have grown in popularity as more employers have started to offer the plans as a way to contain health care costs. What kind of person should opt for an HDHP: Someone who is healthy and doesn’t expect to use many health care services within the next year. You want the cheapest premiums and don’t mind having to pay a high deductible if you need a lot of care.

  15. FIND THE BEST CARRIER FOR YOUR GROUP HEALTH INSURANCE NEEDS After you’ve selected what kind of plan you want, it’s time to look at carriers. Independent Benefit Advisors works with the following top- ranked health insurance companies offering small business health insurance plans in NC.

  16. The Independent Benefit Advisors Address: 1121 Pemberton Hill Rd Apex, NC 27502 Phone: (919) 303-9690 Toll Free: (888) 303-9690 Fax: (919) 303-9691 Email ID: john@thebenefitadvisors.com Website : Thebenefitadvisors.com Content Source: https://www.ehealthinsurance.com/resources/small-business/the-complete-guide-to-selecting-the-best- small-business-health-insurance-plan

  17. (919) 303-9690 (888) 303-9690

More Related