Group Health
Many employers choose to extend group health insurance to their employees as part of their benefits package.
This can be one of the most expensive costs of a business, yet one of the most important to employees. Finding the right package can be especially difficult!
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With established relationships with numerous carriers, we can put together a reliable life insurance policy.
Click to book a free estimate from one of our experienced insurance agents.
How to Choose the Right Group Health Plan
Choosing a group health plan can be difficult - here are some things to consider:
1. Business size:
Small business (2-100 employees): You have several options, including Covered California for Small Business (CCSB), individual insurance carriers, and brokers. CCSB offers standardized plans with guaranteed subsidies for eligible companies.
Large group (101+ employees): You have more flexibility in plan design and network choices. Our insurance brokers can help you search for the best plan to fit your business needs.
2. Budget:
Consider your monthly premium, potential tax credits, and employee contributions. Be mindful of out-of-pocket costs like deductibles and copays.
3. Employee needs:
Understand your employees' age, health status, and preferred types of coverage. Do they prioritize affordability, choice of providers, or comprehensive benefits?
4. Desired features:
Look for additional benefits like dental and vision insurance, wellness programs, or telehealth options.
Frequently Asked Questions
How much does a group health plan usually cost?
Small business owners can expect monthly premiums to range from around $139 per employee for basic plans to over $800 per employee for comprehensive plans. This can differ based on age, gender composition of your workforce, and chosen plan specifics.
For a business with over 100 employees, premiums start around $300 per employee for Bronze plans and go up to several thousand for comprehensive Platinum plans.
Should I choose a PPO or HMO for my business?
Here's the main difference between HMO and PPO:
PPO plans: Offer more flexibility in choosing providers but usually come with higher costs.
HMO plans: Have limited networks but often come with lower monthly premiums.
Our agents can help you prioritize and choose what's important for your company.
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Can my employees pay part of the cost of their insurance plan?
Employers do typically share the cost of premiums with employees, which will change the overall per-person expense.