Our team at Elite Benefits Group has been in the insurance business for over 25 years, so we know a thing or two about how to choose the best options for your needs. If you are looking for group health insurance, here are a few things to consider before buying:
- How much will your company contribute to the monthly premiums? Group health insurance is something that is usually covered by employers, so it’s important to think about how much your company will contribute to the costs vs. how much your employees will be expected to cover. Your company’s contribution does not need to be exactly the same for family coverage as for individual coverage, but you should definitely know roughly how much of the costs you are willing to take on.
- What do your employees want most in a policy? Another important thing to consider when buying group health insurance is what factors are most important to your employees regarding their policy–some may be most concerned with the deductible, others with copays, and still others with the selection of doctors and hospitals that will be covered by the network. Knowing what your employees want out of their insurance will give you a great place to start your search.
- How do all the factors compare? Lastly, we encourage you to consider more than just the premium when buying group health insurance, as this is just one factor in a complex network. Make sure to also look at things like deductibles, copayments, and other specifics before you make your final decision.