With the current state of healthcare in the US today, foremost in every employee’s mind would be questions how they would cope with healthcare costs for himself and family.  Questions abound if there are healthcare benefits provided and how much if any would be their share in that responsibility.

As a common consensus, business’ objective is to attract and retain talent and compete most effectively.  As the business owner, you need to strike a balance between the cost of providing benefits and the economics of running the business.  Voluntary Benefits would typically include health insurance, some life and disability insurance and probably a retirement savings plan too.  You need to craft a well-balanced basket of benefits that is neither too lavish nor too austere.

With a myriad of plans out there from multiple providers — things can get confusing and costly — and you end up doing nothing. Look for advice that would simplify things for you at your stage of the business at the least cost.

Maximize use of Online Quotes to compare plans and check out prices.  It’s convenient to use when comparing multiple quotes from various insurance carriers.

Start the selection process by simplifying the benefits into three main areas:  health care, retirement savings plan and specialty benefits. You need not have all of them at the same time or all benefits to all employees.  While there is no one-size-fits all solution, there are guidelines for choosing the right benefits package.

The first stop:  talk to a Plan Advisor (or broker) the likes of RISE Insurance Capital Network.  Check them out here.  You’ll be glad you did!

Dr. Collins

Family Health Care