How to Evaluate Group Health Insurance Plans

Posted by Benefit Concepts, Inc. in HOUSTON, TX on Sep 29, 2009

In order to ensure employees have the best health plan possible, while staying within a specific budget, it’s crucial that employers understand how to evaluate group health insurance plans.

Benefit Concepts specializes in providing the best plans possible for small businesses, and helping employers make the best decision for their employees. As an employer, providing a comprehensive group health insurance plan has many benefits. For small companies, knowing which plan will work best to meet employee needs and remain affordable can be a challenge.



Benefit Concepts (BCI) has been helping small businesses understand how to evaluate group health insurance plans for over a quarter of a century, and knows how to help find the group health insurance plan that works best the individual needs of each company.

When your company begins to evaluate group health insurance plans, BCI is a proficient resource, and prepared to support. First, an experienced Benefits Concepts licensed insurance agent will learn about your company, how many employees need coverage and what your goals are to deliver the best plan possible. You will be provided a survey of the marketplace and side-by-side plan price comparisons for your review in an effort to help you better understand how to evaluate group health insurance plans. From there, BCI can assist in the implementation of the plan or plans that best fit your company’s specific needs.

From there, you may wish to set up a health savings account (HSA). There are several reasons to establish an HSA. HSA’s give you more control over your healthcare financing. When combined with an HSA-compatible health plan, your healthcare plan is made more affordable. The health plans often provide lower premiums and the HSA provides tax benefits when contributions are made, as funds grow and when they are utilized to finance qualified medical expenses. By leveraging lower insurance premiums and combining those with tax-free money, significant savings may result. HSAs can benefit companies greatly, and BCI is a trusted resource to help you evaluate group health insurance plans and determine which one is best suited to meet your company’s needs.



Benefit Concepts Has a History of Helping Small Businesses
Helping small businesses reach their goals is the premise that Benefit Concepts was founded on. Since 1983, BCI has developed rewarding and highly successful relationships with a diverse range of companies. Through personal service and customized benefit programs designed to meet the specific needs of companies, BCI has become an invaluable partner to many small businesses. BCI values each partnership and consistently looks for ways to innovate and develop new ways to exceed their expectations.

Benefit Concepts consults with employers as a valued resource and advisor for Medical, Dental, Life, 401K, Retirement, PEO plans, HSA, HRA, HR Consulting/Administration, Disability, Long Term Care, Medicare, Vision, Wellness Programs and many other services and products related to health care.

To learn more about how to evaluate group health insurance plans and find out how Benefit Concepts can become a valued part of your small businesses team, please contact our Houston office at 713-728-7200 or our Dallas office at 214-884-4250. To have an agent contact you, please fill out the form.

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