26 Essential Considerations for Group Health Insurance

There are so many options when it comes to group health insurance, dozens of providers, so how do you get started? Here is a sample of some providers regionally here in Asia:

First, work with a reputable broker to save yourself/HR time, headache & hassle. There's a stigma that brokers cost more. They don't.

Brokers get a commission by the provider, but it does not cost your organization anything more. So take advantage of a professional broker who:

1. Knows the market
2. Has good Google Reviews
3. Has modern technology like HR/employee portals
4. Can provide you professional guidance and provide you quotes that are suitable to your company's unique circumstances, needs & budget.

For a broker to do their job, they will cover a wide range of questions, such as:

Experience with Insurance

• What does an ideal plan look like for you? What concessions are you willing to make?
• What health insurance do you currently have, if any? If you could rate your current plan on a scale from 1-10, what score would it be? What would make it 10?

Structure & Budget

• Will everyone have the same benefits?
• Or are there tiers by level of employee? What are the definitions of each tier?
• Will dependents be allowed?
• What is your expected budget per person?
• What entity will be paying? Do you need a VAT invoice?
• Will you pay annually? Or do you want to pay quarterly or semi-annually?

Benefits & Coverage Area

• What benefits do you want?
• Do you want to see quotes with optional benefits like outpatient, dental or maternity?
• What coverage area is required?
• Do you offer group life insurance?

Census

• How many employees do you have?
• Do you expect to add many more people in the next year?
• Can you provide me a census with DOBs, gender, nationality, residence country, tiers, status employee, spouse, child?

Key Features

• What key features are important to you?
• MHD for pre-existing conditions?
• Outpatient direct billing?
• A provider that has an Employee Assistance Program?
• A provider that has direct billing at a specific hospital close to your office?

With dozens of providers, thousands of plans & ways to tweak things. Information is vital to begin the process of elimination so I can provide you suitable quotes, which are compiled into a comparison & presented to you followed by a Q&A session.

Your time is not wasted, nor is mine which I think we both appreciate.

From there you make an informed decision & have the support of broker on your side during the year to help with policy administration, claims, reimbursements, crisis management & an annual review.

If that doesn't sound too bad, let's talk.

Quinn Miller | Founder & Managing Partner

[email protected]