Running a small business means making big decisions, like which group health insurance is best for your team. One important choice is picking health insurance for your team. This decision does more than just tick a box. It affects your team’s health and your business’s success.
What is Group Health Insurance?
Group health insurance is a big help for small businesses. It’s one policy that covers many people, usually your employees and their families.
In 2023, the National Association of Insurance Commissioners (NAIC) said that ‘both business owners and employees care about group health insurance because it affects job happiness and helps the business.’
Why is it important? This insurance isn’t just about covering doctor bills. It shows you care about your employees. This can make them happier at work, improve their morale, and even make them more productive.
How Group Health Helps You Compete
Good health insurance can help you attract and keep the best workers. Imagine you’re hiring and a great candidate chooses another job with better benefits. Having good health insurance can be your secret weapon to compete with bigger companies.
According to LinkedIn, 93% of organizations are worried about retaining top talent (employee retention) and you should be too!
Having the right private health insurance for business owners will help you not only hire better talent, but retain the good people you already have.
We’ve seen this at CasaGonzalez. Business owners get really excited when they can offer benefits like the big companies do. We want to help you do this too.
Working with Group Health Insurance Brokers
Finding the right insurance can be tricky. There are many options and lots of details to understand. That’s where insurance brokers come in. They can make this easier.
At CasaGonzalez, we help you find the best insurance for your business. We explain all the options and take care of the paperwork. This lets you focus more on your business and less on insurance details.
Understanding Costs and Benefits of Group Heath Insurance
Group health insurance seems simple, but there’s a lot to think about. You have to look at how much it costs and what you get from it.
In 2023, Kaiser Family Foundation (KFF) indicated that the average annual premium for employer-sponsored health insurance was $8,435 for single coverage, and $23,968 for family coverage. These plans often cost less because they cover many people.
Different Views on Insurance
People think differently about group health insurance. Business owners, workers, and insurance companies all have their own views. It’s important to understand all these views to get the full picture.
Group health insurance is a big part of healthcare in the U.S. But it can be complicated, so it’s always being improved. Small group health insurance brokers can help you ascertain what your employee needs are, and help you find the right package that fits your needs.
What CasaGonzalez Does
At CasaGonzalez we care about our clients. We don’t just sell insurance. Our goal is to help you understand your options and make the best choice for your business.
Choosing the right insurance is about more than just numbers. It’s about your business’s future, your team’s health, and the legacy you’re building.
Conclusion
Starting with group health insurance might seem hard, but you’re not alone. We at CasaGonzalez are here to help. We understand every business has a dream. Helping you reach that dream is what we do. Did you know you could also insure your business overhead? We can help you learn about that too!
Contact us to start your journey with group health insurance. A healthy team is key to a successful business. Let’s work together to build a bright future for your business.
