Providing your medical staff with health insurance benefits is becoming increasingly expensive. Because of this cost, some business owners have made the uncomfortable choice to not offer health benefits to their employees. In a medical practice, however, the choice to not offer health coverage comes with hidden costs.

Your Employees Value Health Coverage

According to Glassdoor’s 2015 Employment Confidence Survey, 40% of employees would rather have health insurance than a pay raise. Because of the strong desire for health coverage among employees, it’s important to weigh the value of this benefit. Will you attract the best employees without offering this coverage? Will you be able to retain your staff, or will your team members depart as soon as they’ve found a better benefits package?

Health Coverage and Productivity

Consider the effects of health insurance on employee productivity. When your employees begin to feel ill, they are much more likely to push through it if they do not have health coverage. When they forego treatment, their health problems may get worse, leading to more serious issues and more absent days. Additionally, sick employees who come to work can potentially cause their coworkers to get sick. This can lead to more lost time and decreased productivity. It’s easy to see why adequate health coverage leads to a healthier and more productive staff.

Most practice owners see the value in health insurance for their staff, and want to provide excellent benefits. But with premium costs rising every year with no end in sight, what will you as a practice owner do to ensure you’re offering the best coverage to your staff at the most competitive rate for your business?

Insurance benefits packages are complicated; for each team member, there are multiple options and factors to contemplate. Because there are so many ‘moving parts’ to consider when creating the right group insurance package, it makes sense to enlist the help of a health insurance advisor. Indeed, the easiest way to find the right plan for your practice is to contact an insurance advisor who is deeply knowledgeable about the many changes to the 2017 health insurance marketplace in Texas.

Health Insurance Benefits without the Hassle

TMA Insurance Trust advisors have helped over 265 medical practices across the state set up cost-effective employee benefits programs. We provide superior one-on-one support to practice owners and managers, helping them to find a plan that fits the needs and priorities of the practice.

When you contact TMA Insurance Trust, your advisor will obtain basic information from you, then review plan options. Your advisor will then share more than just premium costs; you’ll know about deductibles, co-pays, co-insurance, drug coverage, and other details that might otherwise get lost in the fine print. Then, during and after the enrollment process, your practice will receive support.

Your advisor will stay in touch with the group’s contact person on a regular basis, making sure everyone receives their identification cards and policy booklets, and making sure premium statements are received and paid in a timely manner. If there is ever a claim or service issue, TMA Insurance Trust will, to the best of our ability, act as a liaison between your group and the insurance carrier. After investigating the issue, your practice will receive our continued support through the process.

Setting up an employee health insurance program for 2017 may seem daunting, but with TMA Insurance Trust in your corner, it won’t be a hassle. We’re ready to take the burden off your shoulders so you can get back to doing what you do best - running your practice.

For over 60 years, TMA Insurance Trust advisors have been serving Texas physicians, their families and staff. TMA Insurance Trust prides itself on offering unbiased information and strategies to members, along with exclusive group rates on a range of the highest-rated plans in the industry.