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Saving on Group Health Insurance Greenwood SC

Group health insurance costs seem to be rising at alarming rates. The rising cost of health insurance is widely understood to be one of the biggest concerns for smaller companies.

Justin Grau
424 Old Cherokee Road
Lexington, SC
Type
Investment Advisor Rep: Yes
Education
BS In Nuclear Science and Technology
Years Experience
Years Experience: 3
Service
Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Health Care Insurance,Retirement Planning,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insurance,Annuities,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances

Data Provided by:
Don May
80 LADIES ISLAND DR SUITE F
Beaufort, SC
Company
Company: LPL FINANCIAL
Service
High Yield Bank Accounts,Income for Life/ Preserve Principal,Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Hourly Financial Planning Engagements,Life Settlements,IRA, 401k, Roth IRA, QDRO Rollovers,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,401k Rollover

Data Provided by:
Triest & Freudenberg Group Inc.
(843) 556-6232
1052 Gardner Road
Charleston, SC
 
Lowcountry Insurance Associates
(843) 478-2662
15 A Gamecock Ave.
Charleston, SC
 
HealthMarkets
(864) 294-0314
250 S. Pleasantburg Dr.
Greenville, SC
 
Martin Shapiro
2435 E. North Street
Greenville, SC
Service
Fee-Only Comprehensive Financial Planning,Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal

Data Provided by:
Health Insurance Depot
(843) 875-2275
9730 Dorchester Rd Suite 205
Summerville, SC
 
USA Benefits Group
(877) 219-0936
27 Pelican Circle
Beaufort, SC
 
Discount Dental Services
(800) 515-7401
123 Street
Charleston, SC
 
The Insurance Market
(864) 438-0557
31 Boland Court, Suite #127
Greenville, SC
 
Data Provided by:

Saving on Group Health Insurance

Provided By: 

Saving on Group Health Insurance

Group health insurance costs seem to be rising at alarming rates. Unfortunately, the biggest increases tend to be targeted at smaller companies. What can we do to counter-act this trend?

As a small business owner, this is of primary importance. The rising cost of health insurance is widely understood to be one of the biggest concerns for smaller companies. It is an important incentive to keep good employees. But what can a small employer do when the cost of health insurance is so high that it makes more business sense to cut benefit's?

pare, save and apply online. Quick quotes from multiple carriers. healthprices.com Breaking Healthcare News! National healthcare discount plan available now for under $3 a day americans4healthcare.net

First of all, don't panic. And don't automatically assume that you must pass through crippling rate hikes to your employees either. If you have a health plan and need to save more, or would like to offer one to your employees and don't currently, we have 3 tips to help you find a quality insurance plan at a reasonable rate.

  1. Always compare quotes and benefit's from more than one insurance company.

    Just because your favorite cousin is an insurance agent for XYZ insurance, doesn't mean that you'll get the best deal. Shop around! Do some research on the Internet. In fact, the most convenient way to get the best overview of your options is to get multiple quotes from the Internet, as well as speak with qualified insurance brokers in your area. This will give you a good idea of the kinds of coverage and costs that you are looking at. Whether you work with an agent online, in person or by phone, be sure that this person is licensed in your state.

    By looking carefully at what the plans offer, and comparing that with what your employees want and need, you can match the best plan to your business, while also saving some money on extras that are not high priority.

  2. Consider a high-deductible plan, to save more.

    Okay, so you want to offer insurance, but you can't afford a plan with low deductibles? Get a high deductible plan. If your employees are healthy and make few visit's to the doctor, this may work to everyones advantage. You can save money and still provide coverage for your workforce. Although everyone will face a higher deductible, they will still have coverage in the case of serious or catastrophic illness, which is much better than no coverage at all.

  3. Be sure to take advantage of all tax incentives.

    There are tax benefit's available to you, as the employer, when you provide group health insurance. These tax benefit's can help defray the costs of insurance and may even allow you to carry a higher level of coverage for your workforce. For instance, yo...

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South Carolina State Mandated Health Insurance Coverage

Medical insurance benefits that insurers must provide include: alcohol/substance abuse, audiologist, autism, bone mass measurement, breast reconstruction, cervical cancer/HPV screening, chiropractor, cleft lip and palate, dependent coverage (including newborns, adopted children, disabled dependent adults), diabetic supplies, emergency room service, mammography, mastectomy (including minimum stay), maternity minimum stay, mental health, off-label drug use, optometrist, podiatrist, prostate cancer screening, psychologist, social worker, speech therapist

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