Chicagoland Group Health Insurance
Give Your Group Health Policy Another Look
Are you paying too much for your group health insurance? You might be.
Have you explored options such as raising the deductible and utilizing an HRA (Heatlh Reimbursement Account) to cost-share the higher deductible with employees? Do you offer multiple plan options and let the employees pick and choose the benefit that is right for them? Has your agent provided a quote or talked to you about self-funding options (which avoid many of the requirements of the healthcare law)?
If you feel you are paying too much and have NOT explored all the ways to save money, maybe it's time to do so.
Or what if you didn’t offer health insurance to your employees at all? After all, there is no law exists that says you have to provide it - BUT WAIT! There is this thing called the Affordable Care Act. NOTE: If you have LESS THAN 50 Full Time Equivalent (FTE) EMPLOYEES, you DO NOT have to offer health insurance. The law requires Employers with 50 plus employees to offer coverage or pay a penalty (Referred by some as the Play or Pay rule). This portion of the law has been delayed until 2015 for groups with 100 plus FTE, and for 50-99, requirements begin in 2016.
But let's just say you have less than 50 employees and decide NOT offer health insurance. If you paid your best employee the same as a competitor but the competitor offered health insurance, would your employee leave? Probably. If not right away, he or she would be looking which would be very disruptive for your business. As you know, many good workers take jobs just for the health insurance.
So, maybe you want to rethink not offering health insurance to your employees.
At What Cost?
But with the way the economy is, it might be time to reassess your provider. Are you receiving the best for your employees and your business? The group health insurance professionals at CB Health Insurance will procure several plans for you from the top A-rated carriers. Our job is to give you options: from various benefit designs (deductibles, coinsurance, copays and out of pocket costs) to the physician network to coverages offered, we will help you sort out the programs that work best for your situation. "It is our POLICY to see that you get the best POLICY that suits your needs!"
CB Health Insurance Your Chicagoland Group Health Insurance Expert
At CB Health Insurance we have provided Illinois group health insurance for the forward thinking businesses in the Chicagoland area since 1989. This includes keeping up on all of the changes in the industry brought about by the economy and new laws - both federal and in Illinois.
Our office is licensed with all the top A-rated insurance carriers that offer health insurance in the state of Illinois, both ON and OFF the exchange, including the new Co Op Insurance carrier called Land of Lincoln. We will talk to you about the Tax Credits available to small business owners through the state exchange, and can assist you in submitting this paperwork should you qualify.
We will provide you the option to enroll each employee via a paper application or electronically online. We can also hold employee meetings to educate them on the plans and answer questions. We have staff available during the day to assist your employees with their claims questions, finding doctors, and helping HR with adding/deleting employees, and keeping compliant with state and federal laws. There is NO direct cost to our clients. For each plan change, we send a summary of benefits and coverage to each employee at their home address (spouses love this!) And best of all, your employees can contact US, not your HR manager or other staff with any questions, concerns, or issues.
With all the changes in the healthcare arena from the implementation of the ACA law to the changes and updates with COBRA and IL Continuation laws, you should be reviewing your group health policy every year and making sure you have a plan that meets your needs AND is compliant with the laws. If you broker is not available to answer questions on these changes, does not assist with claims issues for you or your employees, does not shop or offer to shop around each and every year, fire them!
If you want to work with an agency that has been in the business 24 plus years, specializes in working with companies with under 50 employees, and is available to your and your employees to answer questions, help with claims, and just help your employees to understand their insurance plan and how it works, we are ready and happy to work with you! But don't just take our word on how great our service is: listen to what our clients have to say....
So what are you waiting for? Complete the Protection Savers Form below, today—before the next open enrollment period. We will be able to do a full evaluation, review your benefits and see if there is any way to improve on your benefits, reduce cost, or hit whatever goals and objectives you are after (ie. better networks, better benefits, more choices). You may discover that the BEST plan for you is the plan you are in right now, but maybe you just don't have the BEST broker servicing your account. As we always say at CB Health Insurance, "It is our POLICY to see that you get the best POLICY that suits your needs." Even if that is to tell you to stay put!