Make the Right Decision About Becoming A Part Of Your Employer’s Health Insurance Program

You’ve finally found the dream job position you always wanted. It will offer a great salary and bonuses throughout your career. As you fill out the employee paperwork, you are asked on whether you want to participate in the employer’s health insurance program.

Joining Group Health Insurance Plans

Many employers who hire a certain number of employees will offer health insurance programs through the company. There are many benefits on why you should participate in one. While you will have a portion of your wages go into the health plan, your employer will also pay toward the costs. In addition, the insurance is group rated, which means you will have more opportunities of being placed on a good plan.

Most employers will give you the opportunity to choose the plan you want. Also, you may be able to place your spouse and your children on the same plan. Make sure you read about all the benefits and coverage you will get when you are asked to participate in it.

Find Affordable Health Plans Through Bernardini & Donovan Insurance Services

Just because you own a business doesn’t mean you should go broke trying to pay group health insurance for your employees. Find the insurance coverage that works for your company’s budget while letting your employees have the health insurance program they need to stay healthy by looking at the insurance products offered through Bernardini & Donovan Insurance Services. For more information about Bernardini & Donovan Insurance Services in the Redlands area, and throughout California, contact Bernardini & Donovan Insurance Services at 877-251-2447.

Employer Responsibilities Under the Affordable Care Act

Beginning in 2014, employers may face large penalties if affordable health insurance is not offered to employees. Bernardini & Donovan Insurance Services helps you determine your responsibilities as an employer under the Affordable Care Act.

Which type of group healthcare is considered affordable under terms of the Act?

Affordable care means that less than 9.5 percent of the employee’s gross income goes toward health insurance premium. Additionally, the employer must pay at least 60 percent of the policy premium.

I have a small business; will I face fines if I don’t offer affordable healthcare coverage?

If you have less than 50 full-time employees, you will not have to pay penalties.

I have a company with 50 or more employees, what happens if I don’t offer affordable coverage?

If your company with 50+ employees does not offer affordable coverage, you will face penalties that begin at $2000 multiplied by the total number of employees, minus 30.

Companies that offer group healthcare plans conforming to the terms of affordability under the Act will not face any fines, according to information provided by the Henry J. Kaiser Family Foundation.

Please contact Bernardini & Donovan Insurance Services at 877-251-2447 for more information about how the Affordable Care Act will affect businesses in  Redlands, CA ,and throughout California.

5 Steps to Get the Group Health Insurance Everyone Is Happy With

Your business has grown to the point where you can hire as many employees that you need to handle operations. You’ve developed the employee positions and hired the qualified workers. There is just one other thing you need to do: find the right employer’s health insurance plan that you can afford.

5 Steps Business Owners Can Take To Find the Right Group Health Insurance           

Finding the right health insurance and employee benefits does not have to be a long and arduous process. You can find the insurance you want and the one that your employees will be happy with by following these 5 steps.

Step #1: Research the Insurance Industry

Never purchase a product without finding out more about it. This includes health insurance. Find out about the industry and how it personally affects you as you can make smart decisions when it comes to buying group health insurance.

Step #2: Talk With Your Employees about Benefits

While you don’t have to ask your employees about health insurance, it is a good idea to get their opinion about it. Create a survey and ask them about the types of employee benefits they would like to have. In this manner, you can look for insurance that will cover their needs.

Step #3: Get Quotes

Ask your agent or broker to prepare different quotes so you can get a general idea on how much the insurance will cost.

Step #4: Compare Plans

Once you get the quotes, you can now compare the insurance plans so you are getting the most affordable prices with the best offered coverage. Now is the time to pull out the questionnaires your employees filled out so you can use their opinions to help with the decision-making.

Step #5: Commit To the Policy

Once you choose the policy, you need to commit to it without second-guessing yourself. Just move forward with your choice with the full knowledge that your employees are properly protected.

Bernardini & Donovan Insurance Services Provides the Quotes You Need

Choosing insurance is never easy, but it can be done if you are using the right company who offers affordable insurance products. Bernardini & Donovan Insurance Services offers premium group health insurance at the quotes you can afford. For more information about Bernardini & Donovan Insurance Services in the Redlands area, and throughout California, contact Bernardini & Donovan Insurance Services at 877-251-2447.