One of the most important things you need to do as an Employer offering health insurance is to make sure that your employees understand their benefit packages.
Here are some frequently asked questions that employees may have about their group health insurance plan:
How much do they have to pay?
As the employer in a group health insurance policy, it is your responsibility to provide at least some payment for monthly premiums for the policy.
It is important that your employees know exactly how much you will provide and what they will have to pay on the policy. Ideally, this should be answered before an employee signs up for your group health plan to avoid any confusion.
How high is their deductible?
In addition to their monthly premium amounts, your employees should have a clear idea of what their annual deductible will be.
This will help them decide on which plan will best suit their needs, and will be necessary if they plan on using a health savings account to help pay for their premiums.
Is the insurance plan HSA eligible?
With the popularity of health savings accounts growing, your employees will need to know if your group health policy is HSA eligible.
Are there any exclusions in the policy?
Group health insurance is just like any other type of insurance. There will be specific exclusions in your group health plan that your employees will need to know about.
For example, dental care may be excluded from coverage, or preventative screenings may be excluded. It is important to get a list of exclusions for your policy from your health insurance provider.
Will they have coverage for a pre-existing condition?
If your employees have pre-existing conditions, this can affect their group health coverage. They will need to discuss this with your insurance company representative to make sure that they will have the kind of coverage that they need.
These are just some of the important topics you will need to address. As your agent, we will also be happy to answer such questions on your behalf.
