If you have been in business for a while and have a health care plan for your employees, you may have discovered by now that conducting proper research to fully understand your plan’s quality can be a bit of a rabbit hole. The more time you spend attempting to understand how your plan measures up to the best plans out there, the more moving parts you discover, and the more training you need. You may be smart enough to figure it out, but you may not have the time.
The professionals at CAP Insurance Services understand this problem completely. You want to save money on your healthcare plan. Yet you also want to make sure that you are offering a quality product for your employees. With an experienced broker like CAP Insurance Services, you can find the right plan to meet the needs of your labor force. For forty years, we have followed the insurance market closely, becoming familiar with every available policy and provider. We now offer that expertise to you.
Finding a Policy
Our first step in locating a policy that works for you is understanding your goals. Not every company wants to find the most affordable plan. Some companies want a specific type of provider network. Others want low deductibles. Others want extra coverage. No two plans are the same, and you may want an option appropriate for your business model or philosophy. CAP Insurance Services can assist you in generating a list of goals and objectives for your healthcare plan.
Furthermore, the best fit between a plan and a company also accounts for the goals of its employees. If you don’t understand what your employees want, then you may not make them happy with the plan you select. Choosing the right plan can add considerable value for your employees because you will be addressing their needs while providing security that they won’t find with other employers.
CAP Insurance Services talks to your HR team to understand the preferences of your staff and takes note of any potential deal-breakers that might interfere with your selection of a plan. If your employees are divided about what type of plan they prefer, we can offer solutions. Some employers offer multiple plans or even hybrid plans that enable certain employees to look for a plan on the public exchange. In any case, we are capable of finding a solution that meets everyone’s needs.
CAP Insurance Services also takes a look at your current plan to determine whether it is in compliance with all local, state, and federal laws, and also whether you are utilizing general accounting practices. Again, we stress that although many owners have the business skills to ensure that their company is in compliance with the law, in many cases they do not have the time to check. Laws change, and some policies and practices that were once practical may one day be obsolete, or even illegal.
Protecting your business from fines, lawsuits, and other legal entanglements is an essential part of what we do. When you shop for a new plan, we will work with your management team to help establish protocols for protecting your interests. After you find a plan you like, we will educate you on the particular problems that your plan may present. And once your plan is implemented, we continue to monitor your operation to make sure that you stay in compliance.
When we visit your company to examine your healthcare plan, we conduct a free audit. This audit not only identifies areas where your company is not in compliance, it can locate gaps between your current coverage and your desired level of coverage. It will also assess other areas where your current plan is not satisfying your goals. This audit assists us in the search for a new plan because it identifies key areas that need to change for the better, in both your coverage and in your management strategy.
Choosing the Best Plan
CAP Insurance Services has taken the time to establish healthy working relationships with all major insurance carriers. We know every plan available, and can help you offer multiple plans, and even provide options for your employees to find their own plan on the public exchange. If you have an interest in utilizing self-insurance as a feature of your plan or complementing a plan with catastrophic coverage, we can help you set up those options as well.
In addition to evaluating your employees’ qualifications for coverage and other demographic information when selecting a plan, we assess each option for its impact on your business. Each plan has tax implications for you and your employees. For example, some businesses employ flexible spending accounts to help their employees save money on taxes while paying for deductibles and copays. If you have an interest in features like this, we are happy to assist you in finding plans that use them, and in learning how they work.
Additional Coverage Options
Keep in mind, we have access to virtually the entire insurance industry. If you want to supplement your healthcare plan with a dental or vision plan, we can add any dental or vision plan available. We can do the same for accidental death and dismemberment insurance, short-term disability, and even life insurance. These options are often not our clients’ first priority. But we do offer them, and maintain the same commitment to excellence when supporting these products as we do with any other.
A Long-Term Partner
CAP Insurance Services does not simply help you select a healthcare plan. We provide critical ongoing support. When your HR staff needs to learn how to administer your plan, we can provide coaching. If your new plan or company makes use of new methods or technologies, we can assist you with that as well. We keep you in compliance, monitor the health insurance market for new opportunities, and provide quality vendors to handle other aspects of your operations and mitigate other issues that may arise. Our goal is always to lead you toward becoming fully self-sufficient. But we also understand that in the short term, you may have questions or face challenges. If you do, we’re here for you.
Our Four Pillars of Service
CAP Insurance Services remains committed to providing excellence in the field of group business health insurance. Our four key areas are: 1) Providing competitive products, 2) Keeping you in compliance, 3) Teaching our clients the process for creating a health care plan and helping them do it, and 4) Being a distinguished partner after your plan is in place. The best brokers do more than sell insurance. We provide an important alliance for your company moving forward, so that you can focus on other aspects of your operation that are more worthy of your attention.
CAP Insurance Services is not afraid of any unique challenges posed by insuring your company. We’ve seen it all. Whatever your goals may be for improving your healthcare plan, we can tell you in no uncertain terms how to get it done. Choosing a plan requires a thorough understanding of the market; let us put our knowledge to work for you. Contact CAP Insurance Services, and let us begin our journey towards improving your healthcare plan.