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How to Choose an Office Insurance Plan?

Posted by Brad Duchaine | Opinion | Friday 30 January 2015 3:21 am
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The Affordable Care Act now requires that employers with a certain number of employees offer health insurance program or plan to those who work full time. While some employers found themselves cutting back on hours and laying off workers, others embraced the new act with open arms and looked for ways to offer health care for workers. Whether you have existing coverage or you want to find coverage for your workers, choosing a new insurance plan might not be as easy as you might think. You’ll want to look at several different things and weigh your decisions carefully.

How to Choose an Office Insurance Plan

Health Care or More

One thing you need to consider is whether you want a traditional health insurance plan that covers basic medical needs or a plan that covers different types of needs. A traditional program will cover costs relating to medical needs. You also have the option of selecting a vision and/or dental plan. Dental insurance covers fillings, regular checkups and other procedures, while a vision plan will cover a yearly eye exam and contacts or glasses for those who need them.

What Does the Plan Cover?

Yosef Meystel Yam Management president and others working in the business and health industry might know that not all health insurance plans are exactly the same. Some programs rely on a PPO or HMO program. An HMO plan only gives workers the option of seeing doctors who work within a specific network, while a PPO plan gives them access to a larger and more extended network of providers. Some plans will only cover certain types of doctors or procedures as well, which can limit who workers can see and the type of treatments available to them.

Who Does the Plan Cover?

Finding out who the plan covers is another way to determine which one is best for your company. Insurance plans typically cover those working for your company, but the plans may also cover the dependents and spouses of those workers. Employees will need to pay more out of their paychecks to cover their families, but you may find that the amount you pay rises as well. You’ll also want to look at whether the plans you choose are available to part time workers or only those working full time. Some employers now offer health insurance for those who work less than 30 or 40 hours a week.

Finding an Affordable Option

The best plan for your company is often the one that is most affordable. The more money that you spend on health insurance plans, the less money that you have to put towards your operating and overhead costs. Good health insurance companies will let you talk with a representative and go over your needs. You can then find out more about how much the program will cost you and how much your employees will need to pay for coverage. When looking at costs, make sure that you compare coverage limits and the type of coverage against those costs.

An employer sponsored health insurance plan is one of the best ways to keep your employees healthy and ensure they can keep working for you. Thanks to the Affordable Care Act, you can now find plans that cover all your workers and their medical needs, but you’ll want to look at each plan carefully to find the right one for your company.

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