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Saturday, April 19, 2014

How To Choose A Provider Of Health Insurance For Small Business

By Essie Osborn


Consider the following in choosing a policy that would cover the medical expenses and hospitalizations of your employees. Having a medical coverage is a requirement among companies. Check directories. There are many companies that are listed in directories.

Perform a background check on the company. The company should be registered with the proper local authorities. Permits and licenses have expiry. Thus, you need to make sure they are not expired at the time of service. The local licensing agency of the community where the company is located can confirm the registration of the company.

Registered companies are legitimate. Check if the company has a website. Enter the name of the company in the search engine. The website is one of the information will be displayed in the results page if the company really does have a website.

Check if the company is a listed in the Better Business Bureau. The bureau has a website on its own so it is not difficult to check the information. Find out if the company is accredited by the bureau. The bureau accredits companies that have good relationship with their customers.

You can choose from calling the company over the phone to sending them a message or contacting them via the contact page of the site. Contact several companies so that you have a way to compare. Compare the companies in terms of the coverage that they provide versus the cost that you will be paying for each employee covered. The premiums and the coverage of each company vary.

Check for testimonials in the website. Some websites of companies contain testimonials of their clients, past and current. Testimonials are feedback of the people who have availed of the service of the company. You can find out if the company is any good for the service through these testimonials.

If the clients are satisfied with the service, they will tell that in the testimonials. You will know if the customer did not have good service with the company because it will be very obvious in the comments. You may also call the company about this. A customer service representative will take your call. Inform him that you are interested to get a quote from their office.

Meaning, he is not a regular employee of a company but he is an authorized representative. Check the professional license of the agent. Agents as brokers have also a professional license. It is required of the industry. If your agent has a license, it means he passed the evaluation of a standards board or the state licensure examination for brokers.

The company would like to meet up with you in person so that things can be discussed personally with their representatives. Sometimes, things are better explained when they are discussed with both parties present face to face. You can send someone from your company, preferably an HR manager. The company sends their agents to explain to the employees the medical coverage that they can avail.




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