Owning a medical practice comes with many rewards. But in today’s world it can also bring daunting new challenges.
The financial impact of Covid-19 has affected large and small medical practices throughout Texas. As a result, practice owners may be taking a closer look at their office expenses, exploring new ways to better manage their practice and operate more efficiently.
Open Enrollment will be over soon. But there’s still time to take advantage of opportunities to get a higher quality insurance plan potentially at a lower cost than what you may be paying now.
One such opportunity may appeal to solo and small practice owners who want the greater freedom and choice of a PPO health insurance plan.
During these tumultuous days of COVID-19 it practically goes without saying that health insurance protection is essential to every Texas physician.
So we want you to know that TMA Insurance Trust is here to provide support for all your health insurance needs – whether you need to find a new group plan for your practice, make changes to your individual policy, or sort through your many Medicare options.
This year has been especially challenging for practice owners ... and we don’t need to tell you why. What we do want to make clear is that we can make things a bit easier on you as you’re thinking about group health insurance choices for the coming year.
We all know that for individuals, health insurance renewals and changes happen during the November and December calendar months. But if you’re a practice owner or manager, your group health insurance can renew at any time throughout the year. Whether your plan is up for renewal, or you’re offering group benefits for the first time, we want you to know that TMA Insurance Trust can help you year-round. We do the research, look for superior options, and always provide the best in service. Read on to see how your practice can benefit from getting assistance from our team.
THE CLOCK IS TICKING
Consider a far-fetched scenario: What would happen if tomorrow morning, you walked in to your office and no one on your staff showed up for work. No one to greet patients. No one to answer phones, no one to to assist you with exams and procedures.
What if, without notice, you had to hire brand new employees. How long would it take to train them? To get them familiar with your procedures, your patients, your ways of doing things?
Of course, that’s unrealistic. But most medical practice owners would probably agree – without the support of their well-trained, efficient, enthusiastic employees their practice would barely function.
Health Insurance Open Enrollment has begun and is only open for a brief time: until December 15. Now is the time for Texas physicians to make important health insurance decisions for themselves, their families, and any of their practice staff. TMA Insurance Trust advisors are ready to help you find the right group coverage and assist you with health insurance enrollment before the deadline.
With the new Affordable Care Act Employer Mandate, companies with 50 or more employees are obligated to offer group health benefits. However, many smaller medical practices are also opting to offer healthcare benefits for their staff. This could be due to recent compelling statistics that show a direct correlation between quality benefits and employee retention.
