The Fairfax benefits consultants at BBG Broker created a guide for employers on how to compare health insurance plans. Being able to effectively compare plans not only saves employers money, it also ensures that their employees are receiving the best quality healthcare possible.

Health insurance plans typically offer a range of benefits, including coverage for yearly checkups, medications, emergency services, health savings accounts, and even long term disability support for major illnesses or injuries. When selecting plan options for your company, it's important to assess the needs of your colleagues first. You may discover that your group requires access to more unique benefits than anticipated, and providing this access can help you retain talented employees. If possible, conduct a survey or focus group close to the beginning of your selection process to establish an effective initial direction and inform your research into insurance options.

Several important details should be compared when choosing health insurance. Consider the types of insurance plans available first. HMOs, PPOs, and EPOs all vary in their benefits and costs, and while you may be able to offer several types of plans, understanding the characteristics of each can help you choose the best and most cost effective options. Next, compare health plan networks and select one that will give your employees a wide variety of providers from which to choose. When determining costs for your company, take the employees' plan costs into account as well to ensure that the insurance will be affordable for your team. By following these steps, you'll be able to choose insurance plans that benefit your employees and remain within your operating budget.

Contact BBG Broker for more information about how to choose health insurance plans for your company. BBG's benefits consulting service provides you with a thorough assessment of your current offerings, employee needs, budget, and more before recommending a course of action and assisting in its implementation. Speak with the brokerage's benefits experts for a free initial consultation to discuss your unique needs. BBG Broker can be contacted online at https://www.bbgbroker.com/ or by phone at 844-201-3612. The firm is headquartered at 4069 Chain Bridge Road, Top Floor, Fairfax, VA 22030.

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