Health care professionals maintaining their own practices should look into insurance for employees and themselves. One way to provide for your staff is with affordable health insurance. Small business owners are realizing the benefits of favorable plans, which could save them money in the long run. A workforce is less likely to leave if they feel well compensated and spend fewer days out sick since they have excellent preventative care provided by good policies. There are several options to choose from for health coverage. One type is an indemnity policy, which allows you to choose from a wide range of providers. Unfortunately, you are left to reclaim the medical bills with the insurance company and do more paperwork. There are managed care policies that offer a network of healthcare providers, which can limit your choices. However, there is less paperwork and the provider gets payment directly from the insurer. Business health insurance does not have to be expensive. Employers can pay a percentage of the cost and the employee pays the remainder. Additionally, employers can deduct this amount from their taxes.
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It is a good idea to do a little research to find out what insurance would work the best for your practice. Depending on the amount of employees you have, small business health insurance would be more affordable with a group policy over an individual policy. Premiums are smaller for group plans because the financial risk is diversified among the members. Premiums are usually dependent upon age, health, existing conditions, occupational hazards and other conditions. Many group plans have various programs such as HMO, POS, PPO, and fee-for-service.
Doctors' Insurance Agency can provide the coverage you need for your practice. We are a full-service company offering exceptional malpractice, business owner, disability, life, and health insurance. Small business owners turn to us for excellent customer service and expertise in customizing policies to suit your needs.