FIND BEST SMALL GROUP HEALTH INSURANCE FOR YOUR BUSINESS

benefitadvisors

If you are a small business owner in North Carolina and looking to purchase the best small group health insurance for your employees? The Independent Benefit Advisors are here to understand and help you find the best group employer health insurance plan for your small, mid-size, or large company that is headquartered in NC. Here we have prepared basics to find the best small group health insurance for Your Business. If you have questions in your mind and need to answers, then feel free to call us at 919-303-9690 or http://www.thebenefitadvisors.com for the best group or individual health insurance NC.

FIND BEST SMALL GROUP HEALTH

INSURANCE FOR YOUR BUSINESS.


INDEX

1. Find best small group health insurance for your business.

2. Find out if your small business qualifies for a group plan

3. Understand who you’re providing insurance to

4. Know what small group health insurance costs your business

5. Compare group health insurance options

6. Find the best carrier for your group health insurance needs


FIND BEST SMALL GROUP HEALTH

INSURANCE FOR YOUR BUSINESS.


FIND BEST SMALL GROUP HEALTH

INSURANCE FOR YOUR BUSINESS.

As a small business owner, you probably understand the benefits a

small business health insurance plan can provide your company,

employees, and even your own family. However, deciding which

type of insurance coverage to get can be confusing.

The Independent Benefit Advisors is here to simplify that process

for you. This guide provides the steps to select the best group

health insurance plan for your specific business needs.


FIND OUT IF YOUR SMALL BUSINESS

QUALIFIES FOR A GROUP PLAN

The criteria to qualify for small group insurance may vary slightly

by state, but most states follow federal rules. Federal rules

consider a small business eligible for group health insurance if it

has:

1) 15 or more employees (including the owner)

2) Less than 50 employees


UNDERSTAND WHO YOU’RE PROVIDING

INSURANCE TO

Typically, you need to offer health insurance to all full-time

employees. You might not need to offer your plan to part-time

employees or contract workers.

However, some companies offer group coverage to part-time

employees to help them qualify for group health insurance and in

some cases, for better rates.


KNOW WHAT SMALL GROUP HEALTH

INSURANCE COSTS YOUR BUSINESS

Understanding if your business can afford group health insurance

is another important prerequisite that you should calculate ahead

of time. Independent Benefit Advisors recent study found that the

approximately average cost per person for small group insurance

was about $425 per month.


COMPARE GROUP HEALTH INSURANCE

OPTIONS

• What is an HMO plan?

• What is a PPO plan?

• What is an EPO plan?

• What is a POS plan?

• What is an HMO plan?

• What is an HDHP plan?


WHAT IS AN HMO PLAN?

HMO stands for health maintenance organizations and makes up

16 percent of health plans. It is known for its lower premiums and

restricted network of doctors and hospitals, which means you

sacrifice flexibility for lower upfront costs.

What kind of person should choose an HMO: Someone who wants

to pay as little as possible in premiums and not have to face high

deductibles. An HMO could be a good option if you have a PCP

and your other health care providers are already in the HMO.


WHAT IS A PPO PLAN?

PPO stands for preferred provider organizations. Premiums and

deductibles are usually much higher for a PPO compared to an

HMO, but that comes with greater flexibility.

What kind of person should choose a PPO plan: Someone who

utilizes health care regularly and sees specialists or wants to have

the option to see a specialist without getting a referral.


WHAT IS AN HSA PLAN?

EPO stands for an exclusive provider organization and is a

managed care plan that requires you to go to doctors and hospitals

in the plan’s network.

What kind of person should opt for an EPO: Someone who doesn’t

mind having a limited number of doctors and facilities and would

rather not have to get a referral to see a specialist.


WHAT IS A POS PLAN?

POS stands for point of service plan and makes up only 6 percent

of health plans. POS plans are a hybrid of PPO and HMOs. In fact,

the point of service means that the health care consumer gets to

choose whether to use HMO or PPO services each time you see a

provider.

What kind of person should opt for a POS: Someone who likes

being able to go out of network for care, but also wants a PCP

coordinating your care.


WHAT IS AN HMO PLAN?

HMO stands for health maintenance organizations and makes up

16 percent of health plans. It is known for its lower premiums and

restricted network of doctors and hospitals, which means you

sacrifice flexibility for lower upfront costs.

What kind of person should choose an HMO: Someone who wants

to pay as little as possible in premiums and not have to face high

deductibles. An HMO could be a good option if you have a PCP

and your other health care providers are already in the HMO.


WHAT IS AN HDHP PLAN?

HDHP stands for the high-deductible health plan. HDHP’s have

grown in popularity as more employers have started to offer the

plans as a way to contain health care costs.

What kind of person should opt for an HDHP: Someone who is

healthy and doesn’t expect to use many health care services within

the next year. You want the cheapest premiums and don’t mind

having to pay a high deductible if you need a lot of care.


FIND THE BEST CARRIER FOR YOUR

GROUP HEALTH INSURANCE NEEDS

After you’ve selected what kind of plan you want, it’s time to look at

carriers. Independent Benefit Advisors works with the following topranked

health insurance companies offering small business health

insurance plans in NC.


The Independent Benefit Advisors

Address: 1121 Pemberton Hill Rd Apex, NC 27502

Phone: (919) 303-9690

Toll Free: (888) 303-9690

Fax: (919) 303-9691

Email ID: john@thebenefitadvisors.com

Website : Thebenefitadvisors.com

Content Source: https://www.ehealthinsurance.com/resources/small-business/the-complete-guide-to-selecting-the-bestsmall-business-health-insurance-plan


(919) 303-9690

(888) 303-9690

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