Some of life’s activities are not for solo players – board games, charades and team sports are examples. At other times, we’re on our own: Think running on a treadmill, completing a crossword puzzle or playing solitaire. The same is true of health insurance coverage. Sometimes it’s smart for employers to make group insurance available to workers, but at other times it’s best for them to provide individual coverage options.
How do employers know whether to make group or individual voluntary products available to their workers? There are many factors to consider, ranging from employee ages to health histories and other demographics.
As open enrollment approaches, your company should be looking for ways to enhance its appeal to workers by building a better benefits plan. Of course, you’ll want to talk to a benefits expert about your options, but you can also get the basics on group and individual insurance in this handy guide. … Read more >