Choosing an Employee Health Plan (EHP) can feel confusing, and sometimes brokers don’t tell you everything upfront. Understanding the hidden details can save you thousands of dollars and ensure your employees get the coverage they need.
Here are a few “secrets” many brokers won’t highlight:
- Premium Isn’t Everything: A low monthly premium can come with high deductibles or limited coverage, meaning more out-of-pocket costs later.
- Exclusions Matter: Some services, like mental health visits or certain prescriptions, may not be covered—even if they’re important for your team.
- Networks Are Key: If your employees’ preferred doctors aren’t in-network, you could face denied claims and surprise bills.
- Hidden Fees: Some plans have fees for adding employees, changing coverage, or even accessing telemedicine.
- Self-Employed Options: Don’t overlook plans designed specifically for small businesses and self-employed owners—they can provide better flexibility and savings.
Knowing these details before you sign ensures your EHP is truly valuable and avoids costly surprises later. Don’t let confusing fine print catch you off guard.
💡 Need help decoding your EHP options? Reach out to us at team@rwealthgroup.com or text (813) 761-2836—we’ll guide you step by step.
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