Small Business Group Health Insurance Texas is what we do at iHealthBrokers. We specialize in group health insurance benefits for Texans and we’re very good at what we do. We work with all of the top carriers in Texas and perform annual policy reviews to make sure you’re always on the correct plan. We are a full-service broker, so you can call us or email us at any time, we’re here to help! Unlike many agents, we work with groups of as small as 2 employees. Have a question? Give us a call at (866) 260-9829.
Small and large businesses compete. Small businesses are often successful, however, in spite of the many challenges. Unfortunately, small businesses can only attract and retain talented employees by offering attractive benefits. The benefits that most potential employees need, of course, are health-related. Providing healthcare insurance, unfortunately, is a constant source of anxiety to small companies. Health insurance rates don’t decrease. They rise annually. The percentage of employees’ health expenses that business owners in the state of Texas are supposed to pay is higher than ever. It’s essential that small businesses who want to offer this important quality of life benefit to their employees do substantial research.
Small business group health insurance Texas can play a role in who a business decides to hire. In a market where small businesses struggle to afford health insurance, some complain that older workers are at a disadvantage. There’s a suspicion that small businesses are less likely to hire older workers who incur steeper medical costs. Small business health insurance in Texas should be affordable for everyone. Worse yet, it’s a lose-lose situation when a company is running up massive medical bills at the same time that the staff employed by them is also burdened by high out-of-pocket payments. It’s also disappointing when small employers are unable to afford to provide the same level of coverage as larger more established companies.
Small Business Group Health Insurance Texas – Dental and Vision
Having a Small Business Group Health Insurance Texas plan that doesn’t offer dental or vision coverage is better than nothing. Most employees who have this limited type of coverage, however, are usually less than satisfied. Deciding to offer medical insurance is a big step, but there are a number of laws and regulations that protect small businesses from unfair insurer practices. As long as a company has less than 50 staff members, they follow different guidelines than a larger company. The state of Texas is aware of the financial pressure that a gravely ill employee being insured by a small company can create. Therefore, small companies are not required to cover as broad a scope of medical problems as large companies. Health insurers can only raise the annual insurance rates for a small company within a range approved by the state. The state also offers an array of options to a company shopping for a health plan that includes electing to fund their employee’s medical claims themselves. A small business can also choose an indemnity or managed care program. There are an array of factors for a business to consider when putting together the appropriate healthcare plan. It’s important to review all the fine print. Once it’s established the insurance is affordable, it’s also necessary to make sure the health plan a potential insurer is offering is as comprehensive as possible. The language of healthcare insurance is often legalistic sounding and can be confusing. Knowing how health maintenance organizations (HMOs) work is invaluable. While it may seem overwhelming, understanding how health insurance works in the state of Texas can be as simple as going to the tdi.texas.gov website and reading the resources available there.
Group Health Insurance Texas Insurance Carriers
Below are some of the carriers we have access to.
- Allied National
- Assured Benefits Administrators
- BEST Life and Health Insurance Company
- Blue Cross Blue Shield of TX
- Dearborn National
- Delta Dental
- Dental Select
- Engage PEO
- Guardian Life
- Memorial Hermann Health Plan
- National General
- Principal Financial Group
- Reliance Standard
- Scott and White Health Plan
- Seniors Choice
- The Hartford
- Unum Life Insurance Company
Not shopping for Group Health Insurance? Try our Texas Medicare Page.
Jesse Smedley is the Principal Broker for iHealthBrokers and the founder, president, and CEO of Smedley Insurance Group, Inc. and iHealthBrokers.com. Since the inception of SIG in 2007, Jesse has been dedicated to helping people save money on their health insurance by providing them with resources to educate themselves on all their health insurance options, both under age 65 and Medicare beneficiaries. He is featured in many publications as well as writes regularly for expert columns regarding health insurance and Medicare.