How to Choose the Right Health Insurance Plan for Your Team
1. Assess Your Team’s Needs Start by looking at your crew. What’s their age range? Do they have families? Any recurring health concerns? Younger staff might lean toward lower premiums, even if that means higher out-of-pocket costs when they visit the doctor. Parents, on the other hand, often prefer predictable copays and lower deductibles. Gathering this information up front gives you a clear picture. Plus, you’ll show your employees you care. That alone can boost morale. 2. Compare Plan Types Understanding the main plan categories can save you time. Here’s a quick breakdown: · HMO (Health Maintenance Organization): Lower monthly costs. You pick from a network. Going out of network? You’re mostly on your own. · PPO (Preferred Provider Organization): Higher premiums. You can see specialists without referrals. · EPO (Exclusive Provi...