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Saving on Group Health Insurance Leland NC

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.

Coastal Hearing Solutions
(910) 799-4327
2316 S. 17th Suite 160
Wilmington, NC
 
Schnitzer-Slate Insurance Agency
(910) 392-7020
5725 Oleander Dr # G3
Wimlington, NC
 
Affordable Health Insurance
(910) 617-3636
4608 Cedar Ave Suite 107
Wilmington, NC
 
Blue Cross Blue Shield NC, New Hanover Farm Bureau
(910) 297-7592
1303 Independence Blvd
Wilmington, NC
 
Navistar Group - Individual & Family Health Insurance Specialists
(910) 262-5194
Serving Wilmington Carolina Beach and Surrounding Area
wilmington, NC
 
Pinnacle Benefits Group of NC Inc.
910-256-2222 x 100
PO Box 1424
Wrightsville Beach, NC
 
SJ Davis & Associates
(910) 392-5173
2002 Eastwood Rd
Wilmington, NC
 
LifeStyle Financial Resoures, LLC
(910) 620-5873
PO Box 7096
Wilmington, NC
 
Davis Insurance Group
(910) 392-5173
2002 Eastwood Rd. Suite 302
Wilmington, NC
 
Wilmington Insurance Quotes.com
(910) 228-8352
5611 Wood Duck Circle
Wilmington, NC
 

Saving on Group Health Insurance

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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?

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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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North Carolina State Mandated Health Insurance Coverage

Medical insurance benefits that insurers must provide include: alcohol/substance abuse, birthing center/midwife, bone mass measurement, breast reconstruction, cervical cancer/HPV screening, chiropractor, cleft lip and palate, clinical trial (cancer), colorectal cancer screening, contraceptives, dental anesthesia, dentist, dependent coverage (including newborns, adopted children, foster children, disabled dependent adults), diabetes (self-management and supplies), emergency room service, facility (public and other), family therapist, lymph edema, mammography, marriage therapist, mastectomy (including minimum stay), maternity (including minimum stay), mental health, newborn hearing screening, nurse (including midwife, anesthetist, practitioner, psychiatric), off-label drug use, optometrist, ovarian cancer screening, pastoral counselor, pharmacist, physician assistant, podiatrist, professional counselor, prostate cancer screening, psychologist, social worker, TMJ disorder, well child care

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