Articles Editor's Blog Reader Mail

Saving on Group Health Insurance Hazelwood MO

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.

Carl Goodin
300 Ozark Trail Drive, #215
Ellisville, MO
Company
Title: CFP
Company: Financial Planning Associates, Inc.
Type
Investment Advisor Rep: Yes
Education
University of Missouri, BMED 1973
Webster University, MAFE (Not completed)
College for Financial Planning, CFP 1989
Years Experience
Years Experience: 25
Service
Asset Protection Strategies & Planning,Hourly Financial Planning Engagements,Medicaid,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Individual Income Tax Planning,Medicare Planning,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planni

Data Provided by:
My Kids Healthcare.com
(800) 930-9832
, MO
 
Gateway Health Plans
(314) 793-5800
34 Muirfield Hill Ct s
st Charles, MO
 
New Custom Homes
(314) 799-4288
300 S.Grand Blvd.ste.#302
St.louis, MO
 
877 My Insurance
(314) 368-9125
14575 Manchester Rd
Manchester, MO
 
Gateway Insurance Solutions
(800) 930-9832
15722 Cotting
St. Louis, MO
 
St Louis Health Quotes.Com
(314) 739-5800
34 Muirfield Hill Ct South
St Charles, AK
 
United Insurance Group
(314) 629-6183
7 McClay Village Circle
St. Peters, MO
 
GatewayHealthPlans.com
(636) 928-2100
34 Muirfield Hill Ct S
St Charles, MO
 
My Guy Oscar.com
(636) 391-3600
267 Clarkson Executive Park
Ekkisville, MO
 
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...

Click here to read the rest of this article from Insurance Guide 101

Missouri State Mandated Health Insurance Coverage

Medical insurance benefits that insurers must provide include: alcohol/drug abuse treatment, ambulatory surgery centers, audiologist, blood lead poisoning screening, bone marrow transplant, bone mass measurement, breast reconstruction, cervical cancer/HPV screening, chiropractor, clinical trial (cancer), colorectal cancer screening, contraceptives, dental anesthesia, dentist, dependent coverage (including newborns, dependent students/adults, disabled dependent adults), diabetes supplies, emergency room service, family therapist, hair prosthesis, mammography, marriage therapist, mastectomy (including minimum stay), maternity (including minimum stay), mental health, newborn hearing screening, nurse practitioner, off-label drug use, optometrist, PKU/metabolic disorder, podiatrist, prostate cancer screening, psychologist, second surgical opinion, speech therapist, well child care

Local Events

SNA Annual National Conference 2019 - School Nutrition Association
Dates: 7/14/2019 – 7/17/2019
Location:
Venue TBD Saint Louis
View Details
 
About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap