As a small business owner, choosing the right Employee Health Plan (EHP) can feel overwhelming. But signing up too quickly could cost you more than just money—it could impact your employees’ coverage, benefits, and your peace of mind.
Here are a few things you need to check before signing:
- Coverage Details: Don’t just look at the premium. Make sure essential services, prescriptions, and preventive care are included.
- Exclusions: Some plans leave out critical services, like mental health or certain prescriptions. Know what’s not covered.
- Deductibles & Out-of-Pocket Costs: A low monthly premium can hide high deductibles. Make sure you understand the full cost.
- Network Providers: Ensure your employees’ preferred doctors and clinics are in-network. Otherwise, claims could get denied.
- Flexibility for Growth: If your business expands, your plan should accommodate new employees easily without extra headaches.
Choosing the wrong EHP could mean denied claims, surprise costs, and frustrated employees. Taking the time to review your plan thoroughly before signing is the difference between smooth coverage and costly mistakes.
💡 Need help? Our team can guide you in picking the right plan for your business. Reach out anytime at team@rwealthgroup.com or text (813) 761-2836.
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