Changes in healthcare are prompting many small business owners to rethink the role of employee benefits like health insurance at their companies. A Guardian Life Insurance study found that providing employees with affordable benefits will be a top concern for small businesses in 2019, yet a majority struggle to provide the healthcare they need. Healthcare costs can greatly impact the profitability of a small business, so benefits strategies must reflect a company’s needs, goals, and values. Below, we explored some of the top health insurance trends that will impact small businesses and how you can adapt in the ever-changing benefits landscape.
As a small business owner, you probably rely on the services of other organizations to accomplish a range of tasks, services and other duties. Your health insurance broker or policy provider is one you expect has your best interest in mind. The reality is, they may not, especially when it comes to premium and individual claim costs.
With all your other responsibilities, you don’t have time to keep tabs on everything your health insurer does, however, there are some key questions you need to ask in order to effectively evaluate just how much they are working for you: