What Group Health Plan is Best? - PowerPoint PPT Presentation
Title:
What Group Health Plan is Best?
Description:
If you’re a small business owner, you may be wondering if you should be offering Affordable Care Act (ACA) group health insurance plans to your employees. Some group health plans will help cover employee premiums but will pay less or nothing at all for employees’ spouses or kids. The reason is simply good. Small businesses are often in no more a position to pay expensive premiums than their employees are. To know more visit here – PowerPoint PPT presentation
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Title: What Group Health Plan is Best?
1
What Group Health Plan is Best?
If your group health is not right for an
individual employees unique needs and budget,
they likely dont have great alternatives. Theres
the option of choosing an individual plan on
marketplace, but if they turn down your group
plan in favor of an individual one, in most
cases, theyll no longer have eligibility for
subsidies. Thus, if youre offering group
coverage, you should make sure its in your
employees best interest. Heres a list of
questions to think about while determining
whether your group plan is really serving the
needs of the people who move your business
forward. Whos in network? Are your deductibles
too high? Does your plan pay enough for
dependents? Would your employees qualify for
subsidies if they had individual health
insurance?
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