The chang­ing busi­ness land­scape is redefin­ing the role of employ­ers every day. Gone are the days when it was a blas­phe­my for employ­ees to expect any­thing more than get­ting paid for the job done. The mod­ern employ­ee expects their employ­er to play an active role in secur­ing their future. One of the ways in which busi­ness­es all over the world are respond­ing to this demand is by offer­ing health insur­ance to their employ­ees. When it comes to choos­ing a plan for your employ­ees, you will be spoilt for choice. Over the years, many providers have come up with numer­ous health insur­ance plans to meet the var­i­ous needs of their tar­get audi­ence. While a spe­cif­ic plan may work for anoth­er busi­ness, it may fall flat in your case. To help, we pro­vide a few tips that you should con­sid­er when choos­ing an employ­ee ben­e­fits health insur­ance plan in Sono­ma Coun­ty.

1. Learn About your Options

Employ­ee health plans can be broad­ly cat­e­go­rized into three groups: defined ben­e­fit plans, defined con­tri­bu­tion plans, and pro­fes­sion­al employ­er orga­ni­za­tions. Defined ben­e­fit plans are an employ­er-pro­vid­ed health­care, where­in the employ­ees can only avail the ser­vices with­in their employer’s net­work. Defined con­tri­bu­tion plans empow­er employ­ees to choose their plan. If none of these plans work for you, con­sid­er get­ting into an agree­ment with a pro­fes­sion­al employ­er orga­ni­za­tion (PEO) that will pro­vide ben­e­fits to your employ­ees on your behalf.

2. Learn About your Com­peti­tors’ Offerings

Pro­vid­ing in-demand ben­e­fits can help you stand out from the crowd, which is one of the most impor­tant com­mand­ments to attract and retain the right tal­ent. When select­ing a health insur­ance plan, learn about what your com­peti­tors are offer­ing. Based on your find­ings, try to match or sur­pass competition.

3. Find Out the Pre­mi­ums, Deductibles, and Out- of- Pock­et Maximums

Steer clear of insur­ance plans that you or your employ­ees can­not afford. The pre­mi­um cost will be shared by you and your employ­ees, which is why it is impor­tant that you look for a plan that pro­vides afford­able cov­er­age. Make sure the cost to your employ­ees does not exceed 9.5 per­cent of their house­hold income. Addi­tion­al­ly, to ensure your employ­ees’ total cost does not exceeds their bud­get, look for plans with low­er deductibles and out-of-pock­et maximums.

Con­sid­er these tips when pick­ing the right insur­ance plan for your employ­ees. If you are expe­ri­enc­ing prob­lems nav­i­gat­ing the ben­e­fits land­scape, Arrow Ben­e­fits Group will be hap­py to help. As a rep­utable ben­e­fits con­sult­ing firm, we have tak­en upon us to help busi­ness­es stream­line their ben­e­fits pro­grams. To dis­cuss your require­ments, call 707–992-3780 or to sched­ule an appoint­ment, fill out our con­tact form.