It’s a tough world out there for small businesses. That’s one of the big reasons Chambers like ours exist, I suppose. But in recent years, the burdens of health insurance have grown remarkably, often being a key reason some have had to close their doors. So here’s a valuable blog from Forbes about the top 10 mistakes small businesses make when buying health benefits. Here’s the list, but read the full article for more detail:
- They fail to hire a qualified agent, broker or consultant to help.
- When selecting an agent, broker or consultant, they rush through the interviews.
- They fail to decide in advance what they can afford.
- They do not research the market.
- They release their employees’ personal information while shopping.
- They’re afraid of high-deductible medical plans.
- They offer their employees “free” benefits.
- They forget to make parts of the plan optional.
- They are careless when discussing healthcare options with employees.
- They enjoy shopping for health care plans too much.