Today, I want to talk about a new business startup and setting up health insurance benefits the right way. There are a lot of different ways that we could talk about healthcare benefits, but there’s really only one way you need to set this thing up, and that’s working with somebody that understands how to structure a benefit plan to grow with you as a business owner.
When you’re embarking on your dream of your business, there’s each of the stages you need to devote a lot of time to. I expect that you’ve devoted that time to consulting with other people, kind of getting an idea of how each step should look.
Health insurance is no different. Once a startup decides it’s going to offer health insurance benefits to its employees, it’s essential that you structure the benefit the right way.
Let Expert Advice Guide Your Decisions
Getting expert advice is going to help you as the owner answer questions like these:
- “What kind of plans are we going to offer?”
- “How much of this premium do we want to cover as a company? We don’t want to cover too much right out the gate because then what if we overextend?”
- “What other types of insurance can be offered?”
- “Are we going to round out this benefit package immediately with dental, vision, supplemental life, or do we want to ease into that?”
The Importance of the First Five Years
Those first five years of a startup business are the key. That’s kind of the line that everybody draws to know that they have made it. There’s a lot that goes into making the decision about health insurance related to tax advantages. We want to make sure you’re starting it up properly so you’re getting all those advantages as the group owner. As employees, where do all these healthcare costs come from and how do we commit to them with the plan designs that we choose?
Make Your Health Insurance Benefit Plans Carefully
That’s the part I really want you to think about. When you sit down to set it up, you are sitting down to set up healthcare because you care about your group, you care about your employees, right? You don’t care about them just today or tomorrow, or a year from now, two years. It’s for the long haul.
That’s what your benefit plan should be, planned for the long haul. And that’s who your benefit consultant should be, with you for the long haul. Here at MBhealth Insurance Agency, we want to be that person who is there for you, who is working for your interest, and not for the insurance companies. Sure, there are multiple carriers out there. Which one is going to be the best one for you right where you’re at?
To get accurate advice from someone who’s working for you, look us up online at www.mbhealth.com or call us at (314) 544-5400.
