Is It Time to Give Your Insurance Policies a Checkup?

Benefit Authority is offering a FREE analysis of insurance policies for large and small groups.

Top 4 Reasons to Regularly Review Your Policy

1. Circumstances Change . . . in 2016, groups of 50 to 100 employees will be moved to the “small group” category and into the California risk pool for rating purposes. This could significantly affect the premiums you have here-to-date enjoyed. You also want to ensure that you are not underinsured or paying for benefits you don’t want or need.

2. You may be overpaying for coverage – particularly if you have a “grandfathered or grandmothered” insurance plan. Carriers typically impose significant rate increases on these plan premiums since they do not want to support legacy products. The severe rate increases are employed to encourage members to move to modern, ACA-compliant plans.

3. Your company size may change such that you have a different suite of options from which to choose for medical, dental, vision, life, and disability plans. Note that there are different products available depending on if you are considered a Large Group or a Small Group employer. In 2016, Small Group is defined as 1 to 100 employees.

4. New products continually become available offering more flexibility for employers to better meet the needs of both the company and their employees. These policies can be more price competitive and offer more VALUE for the price.