According to state law, companies with more than 50 full time employees are required to provide health insurance to their employees, otherwise, they may risk being fined. Although the law does not require companies with less than 50 full time employees to provide health insurance, small business owners are still able to purchase health insurance plans for their employees. However, they might still run into a few issues while choosing a health insurance plan for their company.
The first issue is the cost. This year, there seems to be an increase in many company group health insurance plan renewal costs. Because of this, many employers have to reduce the benefits so that they could save on premiums. Another issue employers might run into is that if employees want to add or remove family members from the policy, they would have to wait until the company’s renewal month to do so.
However, this April, KCAL Insurance Agency is teaming up with a well-known group health insurance company to launch an exclusive deal through early renewal! We can’t tell you which insurance company it is since some offers are exclusive to KCAL clients only, but what we can tell you is that it has a good medical network, a good medical center, and reliable, quality service. And! They also have doctors who speak Chinese! So if you would like to find out more information, contact KCAL immediately and get a free quote!
Better Coverage and Lower Premiums
Several companies that renewed their insurance in April not only reduced their premium but also lowered their co-pay and improved their benefits. For example, the co-pay for some test items decreased from $20 to $10. Through early renewal, we were able to help another company lower their premium by 10%, saving about $500 per month. The premium for a small business in Pico Rivera was reduced by 6%, saving about $600 a month.
Switch to the Plan and Renew Now!
Many employers might be thinking, “We already renewed the insurance in November or December of last year… we can’t change plans now, can we?” You can! Regardless if you’re already insured under the insurance company you want to switch over to or if you’re a new insurer, you can take this opportunity to renew or switch into the insurance company and get the same low prices and improved benefits for the entire 2018. Many companies have already successfully changed their plans, with their new plans becoming effective on April 1. If this is something that interests you, contact KCAL Insurance Agency as soon as possible, have your new insurance become effective on May 1, and start saving!
Renew Early and Add/Remove Your Family Members to the Policy
Typically, company group health insurance plans can only be changed once a year. If you renewed your insurance in November 2017, then you would have to wait until November 2018 to change plans. However, with this offer, you can make any adjustments in April or May. For example, if the employer or employee wants to make adjustments to their plan and needs to add a family member onto their policy for any reason, then they would be allowed to do so if the company participates in this early renewal promotion.
This is the first time KCAL Insurance Agency has this kind of offer, so take advantage of it while you can. This offer is for a limited time only so act now! To all the business owners out there, feel free to contact KCAL Insurance Agency and we will be more than happy to assist you!