Large groups of employees, unlike small groups, mean that there is a potential for large claims. One large claim can have a significant impact on the following year’s renewal rate, too. For example, if there is an employee undergoing chemotherapy for a cancer diagnosis, you may not feel the financial strain right away, but you may at renewal time. Keeping your rates low and affordable may seem like a minefield, which is why we are here to assist your business in keeping risks and outgoings low.
In general, large groups typically use average rates to cover employees. These tiers of coverage can include:
- Employee only
- Employee and spouse
- Employee and children
Insurance must be offered to every full-time employee in the large business, regardless of the medical conditions of the team members. This means that coverage must be provided, whether or not the employee has a pre-existing medical condition or otherwise.
Business owners can choose from a wide range of managed care plans with benefit flexibility and plans to suit every budget. We are distinctively set up to make the most out of your large group’s medical coverage. We know the ins and outs of being a Californian employer, and know how to pick the best local provider options while negotiating the best rate. For you and your workers, we are here to help.