Although more Americans than ever a health insurance companies are tiring of 
cost and hassle required to provide to employees. As a small business owner, you are given the task of finding the balance between keeping your employees happy and make money every month yet. With the passage of the Affordable Care Act, all Americans are facing increased health care costs and insurance premiums and fines that are difficult to pay. How your business can turn these changes into a winning solution for you and your employees?
rebate programs that save companies money and their employees provide an ideal solution. Open enrollment is the best time to deploy the actual contribution of dollar plan your company can offer to keep your employees happy.
What Is Open Enrollment?
The registration period beginning generally starts at the first of November and ends in late January of the following year. This is the period during which employees can spend insurance plans or to sign a new plan without any restrictions or special qualifications.
Meanwhile, employees may be looking for ways to save money on their monthly and annual costs of health care. This makes it the perfect time to deploy a plan that offers a real contribution to you, while allowing them to find the lowest cost in the market.
Reduction in insurance costs, healthier employees
According to the Centers for Disease C ontrol and prevention , more than 5 percent of Americans avoid seeking medical care when needed because of high costs. Shockingly, nearly 0 percent of Americans do not have a place they visit for regular medical care.
With defined contribution health plan simplifies health insurance, employers offer a real contribution in dollars to the cost of health care. An amount is preset with your employees, and they are given the option to search through the private market to find a more affordable insurance coverage. Your company then reimburses employees with tax-free money to their insurance costs. Employees receive a refund for the amount that has been defined as the balance of health care.
Conclusion
During open enrollment, many Americans are looking plans that fit their budgets and reimbursement programs provide a practical approach that saves the money for companies and employees. This allows your company to employ the best talent in the industry and keep them healthier and happier.
What do you think are important factors to consider when open enrollment? Comment below.
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