Choosing the Right Health Insurance for Your Small Business: 4 Essential Methods

Medical insurance is a good investment for your small business. Medical insurance is not a “one size fits all” product. It’s important to choose the right insurer and plan for your small business.

Here are the four most important factors that our small business clients consider before they purchase insurance.

1. Worth Stability

Blue Cross NC (Blue Cross NC) is committed to helping employers maximize their health care dollars. Our strong networks are more than just a claims processor. We have a responsibility to manage your overall health care costs. we are also prepared to help you manage costs by programs such as care management, illness management and reporting.

Blue Cross NC is committed to lowering the cost of health care for its members. We’re leading the transformation of health care in the state through our Blue Premier program. This is the fastest and most complete transition to value-based pricing by any health plan. This program has three goals: better health outcomes, a distinctive patient experience and lower costs.

Offering group medical insurance is a smart business strategy. Blue Cross NC, with the lowest filed medical pattern in the market is an associate you can rely on for the long term. You will want to partner with a company that can provide predictability and value stability from year to year.

2. Your distinctive worker demographics

Understanding the demographics of your employees and their needs can have a direct impact on what kind of protection to choose.

It’s clear that the employees will be at the heart of the decision you make when it comes to choosing the right plan for your small business. You may want to consider group medical coverage after taking a good look at the employee base. With a younger population, you may want to reduce limitations on care (including adjusting copay prices and reducing deductible amounts) because millennials tend to avoid primary care doctors. You may want to consider plans with more flexibility in terms of cost options if you have an older workforce. Plans with Well being Reimbursement Associations (HRA) and Well being Financial savings Accounts. Telehealth is one of the many benefits that are available to all workers. Telehealth options allow workers to contact nurses and doctors remotely via telephone or video chat.

What will my employees value most in terms of their medical coverage? This is a good place to start when trying to choose a health plan that fits your company’s needs. When it comes to choosing group medical coverage, there is no one-size-fits-all approach.

3. Plan your choices

You have options as a small business!

You might ask: Is it possible to get all the services you need from a group medical insurance?

We are proud to be able to provide you with everything that you will need to create a comprehensive plan. This includes all types of plan designs and funding methods as well as value-driven networks. [1]

If you want to give priority to employee choice, you may be interested in our triple-option or dual-option plans. If you are looking for a consumer-driven health plan, we can provide our members with consumer-driven choices that are integrated with their existing well-being plan. These health plans offer tax-favored Health Financial Savings Accounts, Wellbeing Reimbursement Accounts and Flexible Spending Accounts. If you are a small business looking for a variety of funding options, it is advisable to consider both balance-funded and totally insured plans. Our stability-funded plans offer the best surplus refunds in the industry. Are you worried about costs? We offer employers who are looking to reduce costs, a range of community options that combine the best quality and lowest price.

4. Simplicity and complexity

Medical insurance is a complex issue. We work with more than 2,000 independent companies in North Carolina to simplify this complicated process. Our certified agents will guide you through all of the options available, as well as help with communication, management and compliance for your selected health plan.

We’re also actively working on offering extra tools and resources to our members. Three retail centers have been opened in North Carolina, (Raleigh Charlotte and Boone), so that anyone can walk in and speak to someone face-to-face. Do you have questions about which plan would be best for you or your family? Do you want to know the advantages of your current plan? Come and see us right now.

We’re also proud to offer tools and resources such as our health care cost estimator, Blue 365 Deals (exclusive reductions on the newest well-being gear and packages), Health Line Blue (a 24/7 nurse line where you can ask questions or receive help), dietary counselling, and wellness activities. [6]

Visit this page when you are ready to make a decision or if you want to learn more about our small business medical insurance plan.

The features that can be customized in our plan are dependent on the number of full-time employees your business employs.

[2] The twin-option plan is only available for teams that have more than 10 employees who are eligible to use it. Triple-option plans can be obtained by teams with over 50 workers.

[3] Blue Cross NC, the plan administrator, contracts with HealthEquity, Inc., a non-profit entity, to provide certain administrative services for HRA, HSA, and FSA. HSAs and HRAs can be paired up with any high-deductible health plan that has a deductible. Employers often offer these benefits to help reduce employees’ high out-of pocket limits.

[4] Customer-driven health plans are only available to groups with more than 50 full-time employees.

[5] The balanced-funding plans are only available to small businesses with more than 20 full-time employees. Special conditions apply. Please contact us at for extra particulars.

Blue Cross NC will not be held responsible for any providers purchased. Your health care decisions must be made in consultation with a physician. Blue Cross NC reserves its right to change or discontinue the packages at any point in time.