3 Common Misconceptions About Small Business Health Insurance

May 15, 2018
May 15, 2018 Jonathan Nolan

3 Common Misconceptions About Small Business Health Insurance

Workers consistently cite health care benefits as one of the top reasons that they chose a particular employer, and we all know that a comprehensive benefits package is one of the best ways to retain skilled and talented employees.

That’s one reason why over 70 percent of Los Angeles county employers offer health benefits. In an economy with a low 3.6 percent unemployment rate, employers must compete to attract and keep high-quality talent. For employees, health benefits are seen as a “must-have”, rather than a “nice-to-have”.

As a small business owner, you might feel that a group health insurance plan is out of reach or unaffordable. We understand your concerns, and would be happy to help you navigate them. In the meantime, check to see if you may be concerned about one of these things…

My employees’ health care needs are too diverse. You are correct in the assumption that a single health care plan might not fully meet the needs of every employee, especially if they vary greatly in age, family size, preexisting health conditions, or ability to meet deductibles. Luckily, we have a solution for that.

Health insurance exchanges actually allow your employees to choose from a menu of options with regard to their plans, and you will receive monthly statements outlining each team members’ plan details, their contributions, and your bottom-line cost.

Group health insurance is too complicated. Historically, group health insurance benefits have definitely seemed confusing to many small business owners. That’s why the insurance industry constantly aims to improve the enrollment and administration aspects of their plans .

Online enrollment streamlines the process for both you and your employees, and working with a skilled broker means someone else does a lot of the research for you. Based on your needs, we will identify the options that suit you and present them in a way that is easy to understand and manage.

Offering health insurance will cost too much. That doesn’t have to be the case. Today we have more health insurance options than ever, and we can identify a plan that suits your budget.

For example, a defined contribution plan allows you to specify a dollar amount that you can spend, per employee, on their healthcare benefits. If an employee prefers a more expensive plan, they simply pay the difference in premiums themselves. Identifying a set budget allows you to manage your contribution to the benefits plan, and keep costs level and predictable.

We can help you address all of these concerns, and any others that you might have. Just give us a call, and we’ll help you outline your priorities and match you with plan offerings that suit your small business needs.


We welcome you to contact us if you need assistance
or to get a policy quote.