5 Tips for Groups Buying Health Insurance

Be informed about the requirements to implement a group insurance policy

There are requirements that groups must meet according to the insurance carrier and the size of the group. It is important to discuss how many employees your group has (full and part-time), what type of business it is and the structure of the business.
Be informed about different types of plans

There are many plans offered from traditional PPO plans to high deductible health plans partnered with a health savings account (HSA). Finding what will best fit your groups needs from coverage to price is something a broker can help guide you through.
If you are taking any prescription medications be sure to find out how they will be covered on your new plan

Make certain the plan you choose fits the needs of your business as well as the employees.
Understand the tax benefits of having a group policy in force. Make sure the employees are aware that health insurance premiums are paid with pre-tax dollars
Seek guidance when comparing various plans from various carriers. An informed broker can help you compare the benefits, carriers and compare costs.

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