Dental Insurance Tips for Entrepreneurs
Insurance for small businesses can be essential to the growth of your company. Benefit packages are one of the top ways to attract potential employees and retain existing ones.
While unlimited PTO and animal-friendly offices may be trendy in today’s company culture, dental insurance is a key staple for employees’ overall health plan strategy.
Here’s how to get back to basics with better coverage and select the right dental insurance for your small business:
Group Size: The number of people you insure can change how you buy.
If you are a freelancer or entrepreneur, individual or family insurance is likely the best choice. Research plans on our site, Healthcare.gov or any other provider.
• 1-50 Employees
Thanks to the ACA’s Small Business Health Options Program (SHOP), you can find the best healthcare option(s) for your small biz.
Private health exchanges are often run by insurance brokerages, which means buyers and sellers work together to create efficiency. This can work to your small business’ advantage.
Premiums vs. Deductibles
A dental premium is the amount you pay to keep the policy in force. The deductible is the amount you pay on any given claim. The lower the deductible, the higher your premium.
Assess the dental health of your employees. With a healthier staff, you can decrease the premium by offering a plan with a higher deductible.
No matter which route you choose, encourage your team to use their benefits. It will improve their health and your bottom line.