Covering your employees for their health needs is very important as a business, but it can be hard to navigate through the insurance system. Insurance plans vary a lot, and it’s crucial to provide coverage as required, not only because your business might be in trouble for not doing so, but for retaining employees and having them benefit from the health coverage they need. Almost 50% of Americans have group insurance plans provided by their employers. Employees are often not
Read Full Article HereIf you are happy with your current group health insurance broker, that is great! We applaud your decision to work with a company that's committed to providing good service. However, if you’re not completely satisfied and would like to explore your options, we would be more than happy to help. Our brokerage firm offers many benefits that you may not be getting from your current broker. Here are some of them:
Yes, it will. Generally, any expenses a company (read employer) pays for health insurance are fully tax-deductible as ordinary organizational expenses on both the state and federal levels. This includes premiums for large group health insurance policies, as well as administrative costs associated with running the plan.
Kaiser Permanente, or more commonly known as just ‘Kaiser,’ is an integrated managed care consortium in the United States. Based in Oakland California, Kaiser operates in eight U.S. states and is the largest managed care organization in the country. It is estimated that Kaiser currently provides insurance to 12.5 million people. With this number in mind, what is it that compels so many people to rely on Kaiser for their group health insurance coverage? For starters, Kaiser’s mission is
Read Full Article HereUntil a while ago (in 2010, to be more precise), companies would have the option to reimburse their employees for health insurance. This meant covering insurance costs for employees who would choose their own insurance. Covering individual insurance premiums used to be an advantage for smaller businesses that didn’t have to decide on a group plan. Today, however, it’s not a good idea to try to reimburse the health insurance of your employees before being informed of the consequences of
Read Full Article HereIn most cases, group health insurance is more affordable than purchasing individual plans with the same coverage options and benefits. Though, not everyone is eligible for group health plans. If you are a small business owner, you’ll especially want to know whether or not you qualify before you begin applying for coverage. Continue reading to find out all you need to know about determining your eligibility for group health insurance, including how many employees are required, who is considered an
Read Full Article HereHealth Net, LLC is a subsidiary of Centene Corporation, an American health insurance provider and Fortune 500 company. It was originally formed in 1977 by Blue Cross as the nonprofit Health Net of California. Although the company was founded over 40 years ago, they remain committed to changing the health of communities, one individual at a time. The team at Health Net believes that everyone deserves to have an affordable safety net for their health, regardless of their income,
Read Full Article HereHealth insurance for small business owners allows employers to offer more affordable and more accessible coverage to their employees. In most cases, small business health insurance is a group policy, meaning numerous employees are enrolled. This allows every “member of the group” to get better coverage or lower insurance rates. These particular policies are personalized to fit the needs of small companies, especially for those who are looking to stand out from their larger competition by offering excellent benefits
Read Full Article HereFinding the right health benefits broker can be a tiresome undertaking. Not only do you want to work with a broker that will help keep benefits costs at a minimum, you also want to avoid sacrificing offerings that may aid in both employee recruitment and retention. As an employer, your employee benefits budget is often one of the largest operational expenses. For this reason, it is crucial that you know exactly what you will receive when you partner with
Read Full Article HereWhile the salary that you give your employees is important, compensation you provide goes far beyond salary. As an employer, you want to offer an appealing benefits package to your employees as well. Not only does this help attract top talent, it also helps retain them and boost overall morale. These employee benefits that are in addition to their annual salary are called fringe benefits. So, what exactly are fringe benefits? Are they taxable? And, is group medical insurance
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