The health insurance landscape can be difficult to navigate. Here are a few important factors to keep in mind when deciding between Individual, Group Health Insurance, and Supplemental Insurance.
Individual Health Plan Options:
- Pick the insurance company, the plan and the options that meet your individual health care needs.
- Switch health insurance companies, and plans, during annual Open Enrollment.
- Switch jobs without losing your coverage, as your insurance isn't tied to your job.
- Pick a plan that includes the hospital's and doctors you trust.
- You may be eligible to receive a subsidy from the government to help pay for your insurance.
- Your company often divides the cost of premiums with you.
- You have no hassle choosing the plan options as your employer does it all for you.
- Premium contributions from your employer are not subjected to federal taxes, and your contributions are made pre-tax, which reduces your taxable income.
- The range of options available gives employees a chance to choose the voluntary benefits that suit their personal circumstances and lifestyle, whether they’re 19 or 55.
- Many voluntary benefits are also movable, meaning that if an employee should need to switch jobs, they can keep the coverage as long as they pay the premiums, making a voluntary plan easy to administer and appealing.
- As well as being less expensive if purchased through your the employer, voluntary employee benefits can usually be subtracted via payroll - meaning there’s no need to set up bank drafts or worry about missing premium payments.
If you’d like to talk to an insurance agent who can help you go over different plans and costs, call the Wilkerson Insurance Agency in Coppell, TX at 214.501.9613