Business Basics: What My Consultant Taught Me

Offering group health insurance benefits to your staff is a wonderful way to reward them for their service. Having medical insurance is so important because you never know when someone will fall ill and need to see a doctor. The insurance provides a financial safety net so each employee feels free to make doctor's appointments without fear of how they will cover huge medical bills. However, while presenting the team with insurance is one thing, knowing how to use and select it is another. Find out how your crew can benefit by partaking in health insurance consulting.

Insurance Terminology Can Be Intimidating

There may be some people within the company who know absolutely nothing about insurance. This could be their first job, maybe they've always been on their parent's insurance plan or they have never had options before and don't know how to make the right decision. Each of these factors can present a hurdle because if someone happens to choose wrongly they may have to wait an entire year for the enrollment period to open up again and make a new selection. In the meantime, their actual needs go unfulfilled.

Bringing in a health insurance consultant can do a world of good. The consultant breaks down the words so that what could initially appear to be nothing more than jargon becomes understandable. For example, there will likely be people in the group who know what a co-pay is but are they familiar with coinsurance? Do they understand the importance of choosing a plan with a low deductible? How about the costs for emergency room and urgent care visits? All of these matters and more can be dissected so your staff is able to make informed decisions about their healthcare.

Consultants Answer The Questions That You Can't

Although you have opted into a group health insurance plan there could still be some things that you don't understand about medical coverage. When a team member comes to you with questions that you can't answer you're left in a sticky situation that isn't favorable on either end.

Let the health insurance consultant handle those difficult questions on your behalf. Ask the consultant to save time in their presentation for audience feedback so every voice can be heard and resolutions reached.

Health insurance consulting is one of the most valuable gifts you can give to your staff. Set up a meeting so your employees can receive the professional assistance they deserve.