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 achieve that goal.
Case #1: Small Business Owner Needs Individual Coverage
A small business owner with five employees had not previously offered a group health plan and was not sure she wanted to move in that direction. She had been paying $12,000 a year out of pocket just to cover herself on the individual market. The current dearth of individual plan options led her to us for help. We suggested that she explore a community-rated group plan, where she would be covered as well as her employees. The price tag could be the same for better coverage, and she would get the added bonus of making her employees happy. With Wharton Insurance, there is no charge to explore your options with us and it only takes about a day to complete. The final result could end up serving your needs better!
Case #2: Manufacturing Company Needs to Compete for Employees
A manufacturing company in Indiana came to us exasperated with the current state of their human resources activities. With 130 employees operating in five states, they did not have the formal HR structure that size of organization needs—they did not even have an employee handbook. In addition, they were struggling with attracting and retaining employees because of their current health insurance plan. Offering a competitive plan with multiple choices had been a problem, and they needed to figure out an option that would allow them to challenge the larger competitors attracting their workforce. WorkSmart Solutions, an Indiana-based Professional Employer Organization or PEO, was the best solution for their issues. PEOs allow small businesses to work like Fortune 500 organizations through the power of pooling. Their employees join the over 7,000 others managed under the PEO umbrella, allowing the business to offer their employees a rich benefit package with many plan choices. The HR Admin services included with PEO partnership also helped the management team get their HR needs under control.
Health insurance is not what it used to be. If it has been a while since you explored your options, you may be surprised by what is possible. The Wharton Insurance Team would be happy to help. Send us an email, or give us a call at 317.663.4138.