Choosing The Right Health Insurance PlanChoosing The Right Health Insurance Plan

About Me

Choosing The Right Health Insurance Plan

Hello, my name is Eric Coleman and I've written this blog to inform others about health insurance. Purchasing this type of insurance can be confusing, but it is very important that people know exactly what their insurance policy covers. When I was ready to purchase my health insurance, I didn't have any idea about what type of coverage I needed. Before I visited an insurance agent, I did hours and hours of online research to learn insurance terms and to find out about the kinds of policies that are available. The insurance agent also answered my questions so that I would fully understand what I was buying. Since getting the right health insurance is so important, I decided to write this blog to help others understand what type of policy they need and what is covered.


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2 Employee Benefits Options That Will Fit Into Even The Smallest Business's Budget

Small businesses have traditionally offered fewer employee benefits than larger companies. This is often because small business owners simply do not have as much money to invest in these benefits. Unfortunately, this can often make it difficult for small businesses to attract qualified employees. Thankfully, having a small budget does not always need to mean doing away with employee benefit packages. This is because there are a few types of employee benefits that even the smallest businesses truly can afford. You can learn more about some of these employee benefits below.

Workers' Compensation Insurance Coverage

While large companies are required by law to carry workers' compensation insurance, this requirement does not typically apply to small businesses. However, this does not mean that small business owners cannot choose to purchase this insurance coverage. In many cases choosing to purchase this type of insurance coverage can prove extremely beneficial. This is because offering workers' compensation insurance demonstrates that you value your employees and ensures that your employees have access to financial benefits if they are ever injured on the job.

Since worker's compensation premiums are often quite low for businesses with only a few employees, this is one of the most affordable benefits that many small business owners can offer their employees. Best of all, while this benefit works to protect your employees, it will also work to protect the financial stability of your company since your workers' compensation coverage can help to protect you against injury-related lawsuits. 

Group Health Insurance Plans

Having access to affordable health care coverage is very important to many employees. Unfortunately, many small business owners assume that they are not able to offer this type of employee benefit simply because they cannot afford traditional employer-sponsored health care plans. However, there is an alternative to these employer-sponsored plans that can prove very beneficial for small businesses. This option is group health insurance plans.

Unlike employer-sponsored health care plans, there is no requirement that employers directly contribute to their employee's health insurance premiums when offering a group health insurance plan. Instead, offering this type of group plan simply allows employees to enjoy lower monthly premiums by combining their buying power. Offering this benefit to your employees will often cost you nothing but the time it takes to manage your group health insurance plan. Best of all, this benefit can prove beneficial to you and your family as well since you will also be eligible for the lower insurance rates.

Contact a local insurance company to learn more about employee benefits