Texas Business Lawyer

Health Insurance for Employees

Offering health insurance to employees is a good way to increase retention, recruiting, and decrease absenteeism. Before deciding on an insurance plan to offer your workers and staff, it is very important that you consider your needs and weigh your options. Some things to consider when selecting what type of insurance to use:

• Do you want dental, mental, or maternity coverage?
• How important if flexibility?
• How much of an expense are you willing to incur?

An Affordable Policy

Insurance brokers are not going to necessarily offer you the most cost effective deal. The state department of insurance has a wealth of information on small business group health providers in your area. There are associations that your business can become a member of that offer group benefits for their members. Research these resources before deciding on a plan to make sure you are entering into a plan that will provide the coverage you want for a price you can afford.

Cost and Coverage

You will want to look at a plan’s cost both to you or your company, as well as to your employees. You will want to examine:

• The cost of the plan
• The deductibles
• Co-insurance costs

Always read the fine print regarding what types of conditions are covered. Some policies limit coverage to specific conditions, or will cover them only to a low maximum payment. The total coverage for the policy should be at least $1 million.

If you are a business owner and are considering getting health insurance coverage for your employees, the advice of a law firm that knows business could save you a lot of money and hassle.

An Austin Business Lawyer Can Help

Contact the Austin business lawyers of Slater, Kennon, & Jameson, LLC at 512.472.2431 to speak with an attorney today.