Reader’s Question:

I own a small business in Honolulu, Hawaii. I would like to create a retention program in the form of health insurance coverage to decrease the high turn over rate of my employees and I am hoping that there would be a company that offers small business group health insurance plans.

Danny

Honolulu, HI

There are plans for you which can help you a lot! Some insurance companies in Honolulu, HI offer cheap health insurance policies for small companies like yours ranging from employee count of 2-50. Among the most important things that you need to consider in chossing the right health insurance company is to make sure it is the one that can offer a reliable and friendly customer service. You also need to take into account the efficiency, responsiveness, accreditation, and financial stability of the company.

Since we all know that every business has unique needs, most insurance companies are actually offering more flexible plans when it comes to group health insurance plans, like what you are planning to buy in Honolulu, HI. You can actually have numerous choices such as consumer choice health insurance plans, major health insurance plans, or ancillary health insurance plans. The more specific plans like dental insurance, short-term disability insurance, and life insurance are called ancillary health insurance.

What’s good about most group health insurance companies these days is the ability for you to manage your employee’s accounts online which your employees can also do at their convenience. Once they get their health insurance ID card, they can readily and easily make changes to their coverage online. A few examples for modifications that can be done online would be to check the account balance of a health savings account in real time or to add coverage to a new dependent.

Tags: group health insurance, health insurance

Reader’s Question:

I want to do the right thing for my employees in Ewa Hawaii. Up until this year I have not been able to offer health insurance. Now, I fear that without it, I will have large turnover. What are the advantages of purchasing a group health insurance program? Thank you,

Hargas

Ewa, HI

Good day Hargas,

The first thing you will probably notice is a very positive impact on your work environment in Ewa Hawaii. These days health insurance is a consideration in every employment situation. Your employees will be grateful and inclined to stay with a good health insurance plan in place.

One of the biggest advantages is that most group plans in Hawaii HI accept all employees regardless of previous medical history. You may have employees without health insurance who have conditions that are preventing their enrollment in individual health insurance plans.

Group health insurance plans in Ewa, Hawaii need to be researched and thoroughly understood. Your health insurance agent will be happy to meet with your group and explain the benefits to your grateful employees. You may also want advice on structuring your health insurance plan and determining employee contributions. You will also need to consider prospective new employees and new enrollees when establishing you r group policy. All these considerations are best configured at the outset of your new company health insurance plan. Congratulations on another wise decision, Hargas.

Tags: group health insurance, health insurance

Reader’s Question:

I am a single mom with a 3 year old daughter. I am currently employed and I am made to choose between 2 health insurance companies in Honolulu for my health insurance card. Are there any guidelines that will help me decide which type of health insurance policy is right for me?

Tommy

Honolulu, HI

Thanks for asking, Tommy.

For me, the most important thing to consider when choosing a health insurance company in Honolulu is the financial stability of the company. You don’t want to end up unable to use up your benefits in the future simply because you insurer has closed down. You also need to check if the insurance company has adequate providers such as doctors, hospitals and diagnostics centers, which offer good and reliable service to their patients. If your insurance company lacks providers, you might end up inconvenienced and unattended especially during emergency situations.

Secondary to these things are the costs and coverage. You have to compare what each company in Honolulu is offering for a health insurance policy. You need to assess further the premium rates, coverage and benefits, convenience in access to after hours and emergency care, out of pocket costs such as co-pays and deductibles, and most importantly exclusions and limitations (which normally come in fine print for most policies). It wouldn’t really matter much whether or not it is a group or individual health insurance policy, as long as you take time to understand the health insurance coverage being offered to you. On top of that, you can compare the benefits each company offers for the protection of your family members, especially since you are a single parent.