For many companies the ability to provide Illinois group health insurance to their employees is a huge benefit that hard workers will truly value especially if they have a family to take care of at home. However sometimes the task of setting up group health insurance in Illinois can be difficult for many new and smaller companies. Fortunately an Illinois group health insurance broker like Larry Smith from Health Insurance Services, Inc. can be readily and easily used to setup and administer such a program for any company desiring to provide health insurance to their valuable employees.
A reputable group health insurance broker in Illinois will normally answer any questions a company may have about providing health insurance to the members of their company. For instance did you know that a group health insurance plan will only cover full time employees? Your group health insurance broker is responsible for providing answers to questions similar in nature. In fact many health insurance companies define a full time worker or employee as someone that works a minimum of 30 hours a week at their place of employment.
In order to qualify for group health insurance a company must have at least 2 full time employees on the payroll. Naturally more is better and an Illinois group health insurance broker like Health Insurance Services Inc. will advise a prospective company of facts just like this. Additionally at a minimum 50% or more of a company’s full time staff must enroll in the offered group health insurance and coverage provided by the company. There are additional rules and regulations to follow when it comes to adding dependants and newborn children to an existing health insurance plan that covers an individual as part of a group.
One of the best benefits a group health insurance broker like Health Insurance Services, Inc. can provide assistance to a company with is the proper administration of their health insurance policy. Generally speaking it normally takes about a week for a health insurance provider to review any group health care plans submitted by a company hoping to obtain health insurance for it’s workers. Sometimes this waiting period can drag on especially if there is a multitude of paperwork that needs to be completed in order to obtain the health coverage.
Clearly in the case such as the one mentioned above a knowledgeable group health insurance broker is worth their weight in gold as they can be tasked to properly prepare all of the administrative paperwork needed to complete the group health care coverage application. Their knowledge and expertise can also be used to handle or field any questions during the
insurance underwriting process which can sometimes be a very complex procedure.
As you can see the difficult process of setting up a group health insurance plan or coverage for the full time employees of a company can easily be managed and controlled with the helpful assistance of a group health insurance broker.
At Health Insurance Services Inc, our goal, our focus is on working with small business owners to find the group health insurance policy that fits your specific needs. Please Contact us today so we can talk with you about your business and help you find the health insurance policy that will meet all of your expectations.