Helpful agents are standing by: (888) 847-9158
Press play below to listen to our audio commercial:

Getting tips and resources for best prices on group health insurance

It is important to note that when you get a favorable group health insurance price, you are able to keep your costs low while at the same time keep attracting good employees. Therefore there are things that you should do as an employer to get the best price for your health insurance and therefore reduce the burden.

As an employer, it is your duty to ensure that you keep the prices of the health insurance at the minimum. The first thing you should do is to ensure that you get as many quotes as possible. However it is important to remember that the health quote is different from the actual price. The actual price of the plan can only be determined when the details of the health information of the employees has already been submitted.

To ensure that you get the best price on your health insurance, you should ensure that the plan that you choose has a lower deductible and a higher premium. This allows for a further increase of the deductible in future while the premiums remain fixed. Try and find out whether it is possible for you to get discounts by encouraging the workplace participation. You might also decide to raise the deductible so as to reduce the premium but ensure it is done fairly to reduce grumbling by the employees.

It may also be a wise decision to engage the services of an insurance broker while trying to decide on the best group insurance policy to buy. This ensures that you reduce the paperwork as he will handle it for you. Also a broker will be able to compare the best options available from different companies and also explain what may seem difficult to you.

It is also important for you to remember that there are some providers that are better than others. You should be able to do your homework on the companies that are both reliable and trustworthy. Also the types of coverage differ. There are those which will have their own specific doctors list while others will insist on preventive care. Some insurers will also not cover some of the cost of procedures such as the mammograms and it is therefore important for you to check with each insurer.

Also you should understand that most of the health insurers will ask you to contribute at least 25 percent of the premiums before the coverage can begin. They will also require the participation of atleast60 percent of your employees. It would be important for you to consider the start date of the policy.

Put into consideration whether the health medical benefit will continue for those employees who are retired. Though it might give the employees some morale, the cost may also be staggering. Also ensure that you ask for clarification on anything that you do not understand. In order for you to be able to compare and know the most competitive plans in your area, you can enter your zip code above. Your will not only be able to get the best health insurance prices but also at the best level of coverage for a health care insurance.