HMO, PPO, and POS, oh my! These are just some of the many different types of group health insurance options on the market. While it’s good to have options, having so many of them can make choosing a healthcare plan intimidating. There are many factors you have to consider, from the types of benefits offered, to your employees’ needs, to your own bottom line. Group health insurance can be costly, but there are ways to cut costs and keep benefits. That’s where EZ.Insure comes in. We are experts in the insurance industry, and so will find you the best value for your money by assessing the needs of both your business and your employees.
Assess Your Employees Needs
Finding out what kinds of benefits are important to your employees is the first step in deciding what kind of plan to offer. For example, some employees will have a family they need coverage for, some will need extra coverage for chronic health conditions, while others will just want the basics. One way you can figure out what your employees want in a healthcare plan is by distributing a health survey.
Remember to assess your employees’ plans on a yearly basis, because what worked well for them one year, might not work the next year.
Make Your Premium Dollars Count
When choosing a plan, you also need to consider how much cost sharing you can afford. The cost of monthly premiums are generally shared by employees and the employer, and the more you contribute, the more likely your employees are to enroll in your plan. There are ways to save both you and your employees money while still offering them quality insurance. For example, if you choose an ACA Bronze plan and pay 100% of your employees’ premiums, you will still be saving more money than if you were paying a lower percentage of a high premium Gold plan.
If you decide to offer your employees a plan with a lower premium but a high deductible, and decide to pay either most or all of the cost of their premiums, consider also offering a health savings account (HSA). These accounts allow employees to put aside pre-tax money to help offset the out-of-pocket expenses of a high deductible plan. They’ll be saving money on premiums and will be able to put more money into their HSAs. This way, they’ll be more likely to seek care and remain healthy, which can save you money in the long run.
Compare ALL Available Plans
The more you know, the less you spend. Not only are there HMOs, PPOs, and POS plans, but there are also the metal tier plans from the ACA, QSEHRA, and more. Comparing plans with one of our agents is the best way to make sure that you know what all of your options are. EZ’s agents are trained, licensed, and highly experienced with all the different types of group plans, and they know what will work best for you and your employees.
Our agent will navigate through all the plans to find the most coverage for your employees, while keeping more money in your pocket. We get how time consuming and irritating it can be to comb through all the different group plans in your area. We will provide you with a personal agent who will assess everyone’s needs, and compare all of the plans available within minutes. All of our services are free, and there are no obligations. To get free quotes, enter your zip code in the bar above, or to speak to an agent, call 888-998-2027.