Your Small Dental Practice Can Get Group Health Insurance
Published on March 09, 2018
Are you looking around for group health insurance for your small dental practice? Although it may be harder for small businesses like yours to provide benefits to all of its employees, it’s not impossible.
There are plenty of ways to control your benefits costs without leaving your small dental practice employees completely without health insurance and other benefits.
Why does it matter to have health insurance for a small dental practice?
You may already know that, under current law, most businesses with less than 50 employees are not required to offer health insurance. Keep in mind that group and employee definitions vary by insurance company and state, so be sure to check with a licensed insurance agent to find out the details for your specific situation
Although you may not be required to offer health insurance, you should also take into account that refusing to offer benefits could affect the loyalty of your small dental practice employees such as your office manager, dental hygienists, and dental assistants. Offering benefits is one huge aspect of retaining your important employees, who you wouldn’t be able to continue your practice without.
Even without taking how health-care benefits could affect loyalty and retention into account, you know how important health-care benefits are more than most. As someone who works in the health-care field, you probably understand how important it is for people to have access to quality health-care practitioners and facilities. Opting out of a group health-care plans leaves your employees at risk for large medical bills, and does not show good health-care practice. With the assistance of quality health insurance that helps cover costs of office visits and check-ups, your employees might be more prone to making preventative care visits to practitioners like primary care doctors, OB/GYNs, optometrists, and dentists.
What would group health insurance plan look like for a small dental practice?
Small business health insurance (or group health insurance) works a lot like group plans that come from larger companies. The owner offers either one plan or a few options for plans, employees join the group, and everyone is covered under one policy.
With group health insurance plans, premiums are often significantly lower per individual. This is in part, due to the risk being spread across a group rather than one individual, and also because the employer usually splits the premium with his or her employees.
There are also some benefits that may be available to you as the employer. The employer is often required to contribute to 50% of each employees’ premiums, or more depending on where you live. You may be able to qualify for a tax credit to help you pay for your share of the employees’ premiums.
How can getting health insurance help your small dental practice?
Besides the clear benefit (getting quality health-care coverage for you and your employees), group health insurance can help your business in so many other ways.
- Your employees will have the chance to stay healthy. Sick days, major illnesses, financial ruin from unexpected medical costs. You could help protect your employees from all of these risks by offering a group health insurance plan for them to enroll in. And by avoiding all these health-related issues, you may find that your small dental practice benefits from healthier employees who need less sick days off. Running a dependable, healthy small dental practice requires a team of dependable, healthy employees.
- You only have to worry about your business. By getting a group plan, you can pass off one of your many responsibilities to someone else. You shouldn’t be concerned about your employees’ health all the time. And as a small dental practice, you especially don’t want sickly assistants or hygienists working on your patients’ mouths. By getting quality group health insurance, you can rest assured that they will be taken care of with the benefits included in whichever group plan you decide to enroll in.
- You can use a broker like eHealth to make the process simple. This goes along with letting you worry about your business—providing quality dental care to your patients. By using an online broker like eHealth, you’ll be treated to a simple, online process that clearly show you the benefits and prices of each plan. You will instantly have access to free quotes, and you won’t have to deal with an insurance company, since we serve as the middle man for no extra cost to you. Why waste your time hunting for the right plan for your trusted employees, when you should be focused on providing the best dental care that you can.