When you're selecting health insurance for your business, it can be difficult to determine which policy is the best for your team and your budget. Since you're covering employees with unique needs, it's crucial to consider the best options for everyone who may opt for coverage. The insurance experts at Toohey Insurance Service in Somerset, KY explain what you should consider when selecting a policy.

Evaluate the Cost of Coverage

It’s beneficial to get a sense for how much you and your employees will contribute to the cost of coverage. More often than not, the business itself will make contributions to the premium costs, so determine what would be most realistic for your budget. Then, get a feel for how much your employees might be comfortable paying for a good plan. Most of all, understand what type of policies are available before electing for coverage so healthcare costs can be more predictable. 

Determine Number of Employees Who Need Coverage

While not all employees will sign up for coverage under an employer group health insurance plan, try to gauge what is important to the entire team and who may elect for insurance. Some may have families to cover, while others only need individual plans. Keep in mind that some employees may have pre-existing conditions that need extra coverage options, and others may want specialty services included, like chiropractor visits or acupuncture. 

Look Through Healthcare Options Offered

Not all health insurance is the same—so consider what is most important to your company. Ask about the stipulations when doctors are or are not in the network, if online doctor visits are available, or if there are various deductible options. Further, consider what benefits are part of the packages—for example, some offer dental and vision in addition to a general health plan. Others may have a PPO or HMO options—a general rule is to have a few options available so employees can select the best fit. 

If you're looking to offer health insurance for your business, whether you have one employee or hundreds, turn to the team at Toohey Insurance Service in Somerset, KY. Since 1983, this insurance agency offers comprehensive coverage for communities in Kentucky, Illinois, and Tennessee. Whether you need employer group health insurance or general business insurance, their agents will provide top-quality service. They also have an A+ rating from the Better Business Bureau. To learn more, visit them online or call (606) 678-0540 to speak with an agent today.