Health Insurance

August 11, 2021

Small Employers Uncover a New Post-Pandemic Hiring Trend

As we have been talking to Indy small business owners over the past few months, they have been noting a new hiring trend in employee recruitment. Pre-pandemic, the gig economy was going strong with young workers looking for a big paycheck and flexibility. Post-pandemic, employers are now finding potential employees want more stability and health benefits – and they will not be hired without them. Businesses with under 20 employees who have relied on independent contractors to fill hiring gaps […]
July 28, 2021
employee health benefits

Looking to Hire? You Need to Offer Employee Health Insurance

How can you grow your business without the workforce to support it? That very question has been plaguing many of our clients during the recent shortage in the labor force. According to the Harvard Business Review, offering flexibility for workers who have to commute and ensuring your salaries are on par with market rates are just two ways you can boost your chances of attracting employees. However, one of the most important things you can do is offer a rich […]
July 19, 2021
Employee Health Insurance

When a Level Premium Employee Health Insurance Plan Could Suit Your Business

These days if you have 20-49 employees, offering employee health insurance is expected and frankly, necessary to attract and retain a quality workforce. However, group health plans can be expensive and seem out of reach for small businesses. Here is where a level premium plan may be a good option. In the group health world, there are two ways to fund a plan – fully funded by the insurance company, or self-funded by the employer. In the fully-funded model, the […]
June 16, 2021
Small Employers Need to Offer Employee Health Insurance

Why Small Employers Need to Offer Employee Health Insurance

When we talk with our small business clients about their largest challenges, finding good employees is at the top of the list. Small employers need to offer employee health insurance in this challenging hiring market. Beyond being able to compete with other employers, there are more key advantages to providing benefits: 1) Employee Satisfaction – Company culture is an important factor in enhancing employee engagement, productivity and performance. Organizations that support both their employees’ professional and personal well-being contribute to […]
October 11, 2018
BAGI group health

Health Insurance Options for Small Business Owners

It seems like the largest worry that small business owners have is findng good employees. Health benefits are a large factor for workers when they are choosing employment opportunites. Small businesses may be at risk of losing their employees to competitors that offer group health plans or not attracting additional personnel. As a small employer, you may feel there are just too many barriers to offering an affordable employee health insurance plan yourself. Too few employees, high costs and poor […]
March 11, 2018

Did Your Employee Group Health Insurance Rates Skyrocket? You Have Options.

Our clients who renewed their employee group health insurance plans for December 1, 2018 saw an average of a 10-12% rate increase. We expect the same for 2019. With the drastic changes in health insurance over the past few years, no one knows when this upward trend will level off. Fortunately, Wharton & Power Insurance has access to unique options for employers of at least two employees to reduce their benefit costs sooner rather than later. 1) PEO Program Professional […]
December 11, 2017
Group Health Insurance

Need A New Group Health Insurance Plan on 1/1/18? Start Now!

Business owners who have not offered their employees health insurance benefits in the past may have good reason to do so now. The individual health insurance market in Indiana is in shambles, making it difficult for everyone seeking coverage to find an affordable quality plan. Group health insurance plans are not just for large organizations anymore. If you are a business owner looking for coverage for yourself and your family, you may want to consider implementing a group plan for your […]
December 1, 2017
open enrollment

Managing Open Enrollment for Your 2018 Health Insurance Coverage

Whether you receive health benefits from your job, the marketplace or an association, you have probably been hearing a lot of urgent messages about open enrollment. It is this time of year where individuals and businesses alike have to make important decisions about their health insurance coverage. It is also the only opportunity to make changes to your plans without a qualifying event. Below we offer some items to consider as you make your way through open enrollment for your […]
November 2, 2017
employee health insurance

My Employees and I Are Losing Individual Health Coverage. What Are My Options?

With the demise of the individual health insurance market in Indiana, many small business owners are losing their health insurance right along with their employees. If you were relying on the ACA Exchange to cover you and your employees, you are well aware that option is now questionable. With your employees scrambling, you risk losing your workers to competitors by not offering health benefits. Besides, you and your family need them too! BAGI Group Health Insurance Plan As a BAGI […]
October 26, 2017
Employee Health Benefits

Your Employees Want Health Insurance. There Are Ways to Give It to Them.

Are you like many other Indiana employers who are struggling with attracting and retaining employees? The corrosion of the individual healthcare market coupled with low unemployment means that one way to deal with this issue is to offer group health insurance. However, smaller businesses do not always feel they have the resources to compete on that level. Below, we offer two case studies on how we were able to offer our businesses clients affordable and high-quality options to help them […]
September 27, 2017
employee health insurance

Don’t Lose Your Workforce Over Employee Health Insurance Benefits

The individual health insurance market has essentially collapsed in Indiana. With the largest insurers no longer participating in the exchange set up under the Affordable Care Act, people without access to a group plan through an employer find themselves in a difficult place. If you are a business owner who relied on grossing up wages to help your employees purchase their own quality health insurance plans, it is important to know what they no longer have that option. Your business […]
December 6, 2016
heath insurance

Renewal Dates Are Approaching: 2017 Individual Health Insurance Options

While the majority of the US population has health coverage through their employer, there are still many people who look to the private insurance market or the Affordable Care Act exchanges for their individual health insurance. Unfortunately, those people are facing premium rate increases of over 20%, with most of our clients falling into the 25-28% range. The affordability that was meant to follow the ACA is under question and predictions from the recent election tell of changes to come. […]
Request a Consult