How to Help Your Employees Choose a Company Medical Insurance Plan

Health insurance plans are complicated. Between multiple coverage tiers, deductible amounts, provider networks, and plan types, it can be overwhelming for your employees to choose the right health plan option.

Learn how to give your employees the support they need when choosing a plan.

Benefit Packages for Employees

Below are some of the best business health insurance packages to consider:

Dental Insurance

Good oral health is important for overall well-being, and as an employer, you have a responsibility to give your employees the resources they need to improve and maintain that well-being. That’s why comprehensive oral health coverage is an essential part of any benefits package. Adding dental insurance to your plan choices demonstrates goodwill toward employees and gives them access to the care they need to maintain good oral health.

Group Medical

When you’re looking for ways to attract and retain the best employees, group medical insurance can be a great solution. Medical insurance gives your employees peace of mind knowing that their health care needs are taken care of, and it offers them the protection they need in case of an emergency. It’s a great way to show employees you’re invested in their wellbeing and value their contributions to your organization.

Vision

Vision insurance offers employers and employees many benefits. From reducing eye strain and fatigue to helping prevent eye diseases, vision coverage can help your team maintain proper eyesight so they can work optimally. Employees can also benefit from cost savings associated with vision insurance, such as discounts on eye exams, eyeglasses, contact lenses, LASIK, and cataract surgery.

Life Insurance

Life insurance policies provide financial protection for families in the form of death benefits, which can be used to cover final costs and provide the resources they need to meet their future financial obligations. With a life insurance policy, your employees can rest assured their family will be taken care of no matter what happens.

Short-Term Disability

Short-term disability insurance pays employees who are unable to work due to a covered medical condition. Generally, this type of insurance will cover between three to six months of wages. The amount of coverage you choose depends on the needs of your business and the type of job your employees do. By investing in short-term disability insurance, you can protect your employees and your business from the financial impacts of a medical event.

Long-Term Disability

For the employee, long-term disability insurance can provide a source of income during a difficult time. This can help reduce stress and worry over finances, allowing them to focus on recovery and getting back to work. It can also provide assistance with the medical costs associated with their disability.

Providing long-term disability insurance can help reduce absenteeism and turnover rates, since employees are more likely to stay with a company that offers it. It can also help protect you from potential liability issues if an employee has an extended period of leave due to an illness or injury.

What types of coverage does workers’ compensation insurance provide?

Find Out

How to Choose Benefits for Your Employees

As a business owner providing health insurance for employees, you’re responsible for educating your staff on their enrollment requirements and coverage options. Below is a how-to guide for helping your employees pick a health insurance plan.

Notify Employees About Open Enrollment

Your employees can only sign up for group health insurance during a designated open enrollment period or after a qualifying life event. To ensure they have ample time to choose a coverage plan and enroll for benefits, notify your employees well before the open enrollment period begins. Additionally, help them access needed coverage by clearly communicating what counts as a qualifying life event.

Educate Employees on Plan Offerings

Your employees may have difficulty deciphering a PDF document detailing the intricacies of your health plan. If you want to avoid confusion and give employees the opportunity to ask questions, you can offer in-person or virtual benefits sessions. During these sessions, an in-house benefits specialist, insurance company representative, and/or your agent will describe coverage options and answer frequently asked questions.

Provide Information About Networks and Out-of-Pocket Costs

Don’t forget to educate your employees about provider networks and potential out-of-pocket costs during your educational sessions. If your employees prefer to see a physician outside of your provider network, they may pay high out-of-pocket costs. Let your employees know if your plan includes a provider network and inform them about the deductibles, copayments, premium costs, and out-of-pocket maximums for each plan option.

Encourage Employees to Consider Service Needs

Most plans have coverage for prescription drugs, mental health care, emergency medical care, physical therapy, and maternity services. Employees who take specific medications should check to see if their preferred plan covers prescription drug costs. Additionally, if some of your employees and their families need specialized care, they should choose the plan that best addresses their service needs.

Providing the Best Business Health Insurance Plans

Once your options are in place, it’s crucial to equip your employees with the tools they need to select the most suitable plan. When employees understand their coverage and know when to enroll in benefits, they can get the most out of your employer-sponsored health insurance.

However, choosing a health plan for employees is a daunting task. If you need professional assistance finding group medical insurance, InSource is here to help. Our employee benefits experts have years of experience placing health coverage for businesses of all sizes and industries. We also offer assistance preparing educational materials for your plan members. Contact us today to learn more about our affordable group health plans.