As small businesses struggles to stay afloat in this new economy, many companies are eliminating their group health insurance policies to help cut expenses. In many cases, this is a choice made as an alternative to lay-offs or, in worst-case scenarios, closing their doors. Still, cutting group health coverage leaves full-time employees uninsured. Certainly employees may pursue their own health insurance quotes for family health insurance plans or individual health insurance plans on their own, but for most this type of coverage is equally out of reach.
Though declining profits are partially responsible for small businesses cutting corners everywhere they can, the choice to eliminate group health insurance seems predominantly influenced by its ever-rising cost and lack of cheap health insurance. From 1999 to 2008, annual health insurance premiums rose by 119 percent! So as unfortunate as it may be, it really comes as no surprise that too few affordable health insurance plans in this country is responsible for more than 42 million Americans being uninsured.
Fortunately, as any informed owner of a small business will discover, there are more affordable group health insurance plans out there than many health insurance companies may lead them to believe.
Instead of paying independent benefits brokers a commission to help small business owners find the right plan for their employees, many health insurance companies are focused only on soliciting to bigger companies with more employees. It’s all about the bottom line, as the bigger the pool of people to insure, the more these health insurance companies can make. What this means to small business owners is that they’re often not as informed as they should be about all of their cheap health insurance options. There are affordable plans out there, it’s just harder to find them.
Unfortunately, full-time employees who are eligible for group health insurance coverage are being denied it. Not because of their employers’ lack of commitment to the well-being of their workers, but simply the inability to afford the plans that are being presented to them void of all available options.
Whether you’re a small business owner who has already cut healthcare coverage for your employees, or you’re simply considering it, take these critical steps to finding affordable health insurance before making your decision:
1. Seek free group health insurance quotes from the Affordable Health Insurance Agency, an organization whose agents have routinely demonstrated that integrity is more important than commission
2. Carefully compare the coverage details of all the plans presented to you
3. Ask questions about anything you do not understand, and if a provider cannot provide adequate details, move on to another that can
Most importantly, do not hesitate to take appropriate action now to ensure that you are giving your employees the quality healthcare coverage they deserve. Consult the Affordable Health Insurance Agency to get free group health insurance quotes today.