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"Virtually any employee who is attractive to a business is attractiv e to other organizations as and health care isthe No. 1 thinyg employees ask about after compensation," Tassey says. But if you've neverf offered a health plan at yourbusinesx before, the research process can plunge you into an unfamiliart world of acronyms - HMO, PPO, HSA- and the optionxs can be overwhelming. So if it's your first trip into the waterw of healthinsurance shopping, you would probably be wise to work with a broke r or insurance adviser.
Health insuranc e can be a confusing consumer decision to and having a trained professional on your side can make all the notes Tassey, who recommends that people ask trustes friends, family, or professional contacts what brokere they work with to obtain a good list of potential If you can't get a referral that way and have to resortr to cold-calling brokers, ask for the names of two or thred of their clients who you can call to ask how satisfiefd they are with the service they'rde receiving. Tassey says it's the leasr you can do when choosingg the individual who will handle one of your most importantt internalbusiness decisions.
"You want to be dealingv with an insurance adviser who has experience inyour market, and it's very appropriate and very much expected for you to ask that persoj for a couple of references," he says. "If you're in a small business, you'vd got your family and your and probablya pet. But if you'rw going to marry your life toa business, it pays to take the extr a minute and check those references." Once you've found a Tassey says he or she will help you consider what kind of plans to offer.
He says a good broke r often can give you a picturs of what kind of healthh care plans are most commohn in your industry or for businesses of your size so that you can stay If you're offering a health benefit for the first you'll also need to think about how much of the cost of your employees'' health insurance expenses you're willinbg and able to pay, and whether or not you'rwe willing to pay for health care for dependentsx of employees. And will you requirse new employees to work for your company for a certaim amount of time before qualifyingfor benefits?
If you have a small business and choose to research insurance plans independently, without a one piece of information might save you some Tassey says the fact of the matter is that wher e a 500-employee business has some bargaininyg power when it comes to their health plan rates, small groups are usually quoted a uniform pricee based on size, and it typicall doesn't leave a lot of room for negotiation. Speaking of pricd tags, another tip is this: When it comes to choosing a healty plan, the bottom line is not always thebottomj line.
That's to say that whiles cost is a major concern for almosgt anyone shopping for health insurance coverage these what you get for the money shoulds be considered along with thepricew tag. Janice Torrez. of Blue Cross and Blue Shield of New recommends groups and individuals consider the restrictions or optionsa that come withcertain plans. For instance, Torrez says, a plan that placea no restrictions on what physician a memberf can see might come at ahigher Likewise, a plan with a low monthlyg premium could sport some whoppingt out-of-pocket expenses should one need a service like home health hospital stays, or medical The LIFE organization advisees when shopping for a healtg care plan, businesses and individuals start by considering what health-related servicess are important to Included in the list of services to consider are inpatient hospitak services, outpatient surgery, office visits, medicalp tests and X-rays, prescription home health care visits, physical mat ernity care, preventative care for infantd and children, and health screenings.
Then compare the cost of planse that offer youthose benefits.