Employee Benefits

3 Things to Know About Small Group Health Insurance

Two young men using a cell phone.

Small businesses and self-employed people know health insurance is important. Research shows that if employees have health benefits they value, they are happier and more satisfied. This includes dental and vision coverage. Often, self-employed and small businesses think they can’t afford small group insurance. But they can with the right plan. Here are three things to know about small group health insurance.

  1. Serves 1 to 50 people 

    Many people think they don’t need health insurance because they’re healthy. However, health needs are unpredictable. People can develop a chronic medical condition, or require dental or vision care, at any time. These unexpected expenses can wipe out a person’s savings. In fact, about 137.1 million American adults have faced financial hardships due to medical bills.

    Small group health insurance plans are affordable because the insurance company’s risk is spread across all the members. And compared to medical, dental and vision insurance definitely is more affordable. And necessary for good health. For those not tied to an employer, individual dental insurance also is worth the premium spent.

    Small group insurance generally is available to one self-employed person, and businesses with up to 50 employees. Most group health insurance companies require that at least 70% of employees participate. In addition, employees’ dependent family members usually are eligible. The more people in the plan, the more affordable it can be.

    Another benefit of small group health insurance is the financial security it provides. Employees can feel secure knowing that health costs are manageable. That’s why most people buy insurance.

  1. Must have good customer service

    Group plan members frequently have questions about their insurance coverage. For example, before scheduling a medical, dental or vision procedure they want to know how much insurance will pay. Small group health insurance plans should provide the same good service as bigger companies enjoy.

    Another service example is when insured members call the insurance company and want to talk with a customer service agent. People don’t want to listen to too many pre-recorded messages or have someone call them back. Even though many consumers prefer self-service online and chat options, people also want access to a real person.

    Before signing up with a small group health insurance company, evaluate comments from existing customers. Research online reviews of the company’s plans. Check the awards the company has earned for excellent customer service.

  1. Work with a trusted agent

    Individuals and small businesses can purchase small group health insurance independently, but insurance can be challenging to understand. The best way to find the right group health coverage is to work with a trusted agent.

    Group insurance companies contract with agents to sell their plans. It’s easy for them to match employees’ health needs to group coverage options. The agent can explain the coverage and help employees pick the right small group health insurance plan. This way, you really know what you’re buying.

Dental, vision, hearing

Medical insurance is a must in this world. However, dental and vision insurance isn’t far behind. Even hearing care insurance is an important benefit to consider. For small groups, or individuals not tied to an employer group, learn more by visiting: ameritas.com/employee-benefits, myplan.ameritas.com, star.ameritas.com and edge.ameritas.com

Health Markets


Leave a comment