It’s no secret that small employers are getting frustrated with rising renewal rates – and they’re especially sensitive to the savings that lower-wage earners can get through subsidies. These are important issues to weigh.
Consider this strategy: Drop the small group major medical, provide a defined contribution toward benefits, and permit employees to enroll in individual major medical – on or off the exchange.
With this approach, the loss of coverage is a qualifying life event that triggers the special enrollment window, which permits enrollment within 60 days of the event. Coverage is guaranteed acceptance – no health questions asked!
We provide individual major medical options in all 50 states – on and off the health insurance exchange.
Each employee can utilize the employer contribution to obtain the benefits needed for them and their family. And, if eligible for tax credits or cost-sharing, it will stretch their benefit dollars even further.
Call us to learn more about this solution. This is just one of the ways that Enrollment First can make a difference.