How to Pick the Best NY Small Business Health Insurance Plan
Having choices is generally good, whether it be choosing what you want to eat, what to wear, or even where to live. But sometimes having a choice makes it difficult to choose what is best. Take the choice of how to pick the best small business health insurance plan. What plan do you choose? Do you qualify? Will your choice save money up front but cost more in the long run? Here is a quick guide to help you choose a great NY small business health insurance plan.
Research what carriers write small business health insurance in your area
Finding out what options you have should be your first step in this process. Finding health insurance NY small business plans means figuring out who the carriers are that write in your county or state. Get the names of the networks as well so you can compare and make sure your doctors participate.
Make sure you qualify for NY small business health insurance
You will most likely need to be a business that employs the owner and/or the owner’s spouse, plus at least one other owner or employee in order to qualify for coverage. There are strict rules for businesses that only enroll the owner or owner’s spouse, but if you are covering all of your full-time employees then there should be no problem qualifying for a NY small business health insurance plan.
Check with your doctors to make sure they participate with the network(s) you are considering
One of the most important things you need to find out is if the doctors you want to see participate with the network you are considering. We find one of the biggest problems we run into is members think their doctor is on the plan because they ask them if they take so and so insurance company. The question is not what insurance company, but to make sure they participate in the exact Network within that insurance company.
Call a broker and ask questions
If you want to make it really easy on yourself, call a licensed health insurance NY small business broker who can help guide you thru all of the above questions and more. As an example, Peak Advisors is a Long Island health insurance broker who works with businesses in NYC, Long Island, and New York. We typically assist new clients in figuring out what coverage they might qualify for and how to research the vast number of networks and carriers. We can then help them narrow down their choices to carriers that most closely match the doctors they are currently using. From there we can assist in comparing different benefit levels and seeing if dual or triple options might be a good fit for the client.
Brokers do not cost anything to use as they are paid directly by the insurance carriers without having that cost passed on to the business owner. There is no better tool to use to find the best small business health insurance plan than the assistance of a NY small group health insurance broker. Give us a call today or request a quote on our website.