Open Enrollment Season is Upon Us!
PPO or HMO? Primary care physicians or specialists? It’s Open Enrollment Season for hundreds of thousands of people all over the nation, and employees are comparing plans to find the best value. As a business owner, you may hear the grumblings around the office, whether the complaints are about their own individually-purchased plans or even the coverage your company offers up. It’s time to gear up and brace yourself for the honest feedback your employees are going to give you when it comes to one of the most important aspects of a career: “Does this company have good insurance?”
Companies of all sizes count on SOGO to provide several types of insurance for their business, including group health insurance, group dental, and group vision. All three types of insurance are widely considered by candidates during their initial job search, and studies show that the 151 million Americans who rely on employer-provided health coverage would also determine if a different opportunity is on the table based on the compared coverage. Basically, if another company offers up a better health insurance plan, your employees very well may be considering a move, costing you offboarding dollars and recruiting efforts for months to come.
Texas, specifically, has the second most people covered by group health insurance, totaling 48% of the state’s entire population. That means your competition has likely got a good group health insurance plan in place, so the pressure is on to provide that to your employees. Don’t know where to start? That’s where we come in. Coverage options will vary based on business size, among other factors, so making a call to our agents is a step in the right direction. We will take the time to consider your exact business plan, along with your employee’s feedback that they provided during the open enrollment season, to determine which coverage option is the best for your specific company.
Group dental insurance and group dental insurance are also becoming more and more of a “normal” thing for employees to expect from their employers. Finding a cost-effective but flexible plan is not totally impossible, even if you have a small business budget. Most dental and vision coverages come as an add-on part of a group health insurance policy, but we are able to write these coverages as separate plans if you are still feeling out all your options.
Aside from budget considerations, you also need to consider how the coverage you choose will affect your employee’s performance and corporate culture. Of course, an employee should be responsible for making healthy decisions themselves, but making it as easy as possible for your employees to visit the doctor, in sickness and in health, will keep them happy, and keep them on your payroll. It’s important to build trust with your team, and providing the correct coverage that you can afford is definitely part of that process. The decision can seem overwhelming, but it doesn’t have to be if you call us and let us help you make an important business decision. We’re the experts in our industry, and know exactly what your concerns and questions will be.
In case you missed it: “Four Easy Fall Crafts for Kids” will keep your little turkeys busy and delighted through the autumn season, with limited cleanup and limited family arguments. SOGO is family too, so let us help you make decisions about your insurance needs. Call us, or even email us, to talk through your options with one of our agents.