If you’re tasked with choosing group health insurance for your business, there are a few things you’ll want to consider. Our team can help you navigate your options and explore what insurance might work best for your team. We can also help you understand the benefits offered by each plan.
Here are some important perks of group health insurance to think about:
- Choices for Coverage: It’s essential to think about what types of coverage are available, like prescription drug, medical, dental, and eye coverage, while also keeping your group in mind.
- Choices of Providers: Equally important is to check to see what healthcare professionals are in the plan’s network. Members can choose from more choices when the network is bigger.
- Price Tags and Premiums: Look at how much the group’s payment is, as well as any co-pays, deductibles, and other costs that the group has to pay for itself. It’s important to find a middle ground between cost-effectiveness and complete coverage if possible.
- Wellness Programs: Many group health insurance plans offer wellness programs these days. These programs help individuals in the group focus on preventive care and making healthy choices in everyday life. In turn, they can help employees stay healthy and lower their long-term healthcare bills.
- Health Savings Account (HSA) or a Flexible Spending Account (FSA): Think about plans that offer FSAs or HSAs, which let workers save money before taxes for medical costs. This could be good for both the company and the worker’s taxes.
- Telemedicine Services: Telemedicine services can be helpful for many reasons. Check to see if the plan offers options for virtual health care.
- Coverage for Mental Health: Because mental health is so important, make sure that the plan covers enough mental health services, like therapy and counseling.