Keep Pace with the Group Health Insurance Landscape

Maybe more so than most states, California has set requirements for companies offering group health insurance to their employees. For example, for small group medical insurance obtained from California health insurance companies, there are two primary requirements:

•    Employer Contribution: The employer needs to provide at least 50% of the employee only premium.
•    Employee Participation: At least 75% of eligible employees have to enroll in the employer offered medical insurance plan.

With the Affordable Health Care for America Act set to kick in, there may even be more requirements, especially when it comes to employers having to offer health insurance to their employees where they did not have to before.

It can all be quite confusing and frankly, is one of the reasons that insurance agents exist—to help you sort out your options. When you do decide to offer medical insurance to your employees the three most important factors are benefits, price and providers.

Benefits: You have to closely study the details of what is covered and just as important, what is excluded in specific group insurance plans. Some of the more important benefits include doctor office co-payments, the hospital co-insurance percentage and prescription medicine co-payments.

Price: While everyone wants the lowest plan with the best benefits, your WHINS Insurance Agency expert can help you fully understand the benefits/price trade-off and how insurance companies price health insurance on a monthly basis.

Providers: The issue here is whether or not the doctors you and your employees favor are in the network. We will help you compare the provider networks of different plans.

We are not tax advisors or accountants but we can also make you aware of how California health and dental insurance employee benefits are treated for tax purposes. We also know that the tax treatment of sponsored health plans include impressive incentives for employers. 

The WHINS Insurance Agency in Encino

As part of the Encino community for several years, the WHINS Insurance Agency knows the business, consumer and healthcare insurance market in the area. In fact, we are proud members of the Encino Chamber of Commerce and the Better Business Bureau.

We will help you navigate the labyrinth of California group health insurance so you can obtain the best plan for your employees and your company.  
Contact us for a no-obligation discussion about the group health insurance needs for your business, today.