The Best Group Health Insurance for Small Businesses
May 2021   HEALTH AWARENESS

The Best Group Health Insurance for Small Businesses

Scroll to read

Employees are the pillars of every organization. You must strive to keep them satisfied and content if you want your business to soar to new heights of success. If you are the owner of a small business enterprise consisting of more than 50 full-time employees, then you must check out and buy the best small business health insurance policies for your employees. In the Middle East, it is also mandatory for employers to provide health insurance to employees. There are various group health insurance options that offer great advantages. You can select the best group insurance for small businesses by checking the multiple factors that would benefit your employees the most. This step will also let your workforce get the assurance that you care for their health and wellness, and it will even encourage them to assert their loyalties towards the organization.

How does small business health insurance work?

If you are wondering how a small business health insurance works, then below are some points that you can check out:

  1. Number of Employees: For your business establishment to qualify for a medical insurance for small business, there needs to be at least one employee on the company’s payroll. You can take the help of a licensed insurance agent to get the best small business health insurance plans and help you understand if your establishment qualifies for the insurance plan.
  2. Coverage: If your small business enterprise is eligible for a small business health insurance plan, then all the eligible employees of the establishment and their eligible dependents will be covered under the plan regardless of any of their pre-existing medical conditions.
  3. Employer Contribution: Your business establishment might typically need to pay at least a percentage (the minimum percentage varies by the insurance company and state) of the monthly health insurance premiums for each of your employees. Contributing towards the premiums of the employee’s dependents is an option.
  4. Option to Choose a Plan at Any Time: As a small business owner, you can opt for the best health insurance for small business at any time of year. There is no set date or special enrolment period to start the plan. However, once the plan has been finalized, the premiums for the current employees will be locked in for a year. During this time, if new employees join, they and their dependents can be added to the plan. The coverage for employees who leave the establishment can be cancelled as well. Upon the completion of the one-year term, you can choose to renew the coverage or choose a new plan.

Things to consider while selecting small business health insurance package/policy for employees

Benefits

While opting for the best health insurance options for small businesses, you must look out for coverage plans that do not let your employees go through the hassle of submitting a lot of paperwork. The more accessible the services are, the better are the chances of keeping your employees content. Coverage choices such as in-patient treatment, maternity care, pre-existing and chronic conditions treatment, day-care surgery, mental health services, cancer treatment, etc., are some of the most sought-for and important options. You must check for plans that include such options.

Costs

Cost is one of the prime considerations that many small organizations consider before selecting the best health insurance for small business owners. The rates for the best small business health insurance policies are defined by several variables, including premiums and deductibles. For instance, if you wish to get a low premium every month, then you must opt for a deductible plan.

Facilities

While opting for the best group health insurance, apart from other options, you must also check the list of hospitals that are covered. Selecting a plan that includes hospitals that are near your organization or to the places where your employees stay might be beneficial.Add-ons

The best business health insurance policies come with add-ons, such as dental treatment, hearing treatment, vision treatment, and mental health care services. If your organization has many expatriates, then to ensure that they feel at home or are comfortable in a new place, you can opt for mental health care services.

Tax Benefits

By providing the best small businesses' health insurance coverage plans to your employees, your organization will benefit too. You can claim a tax deduction and decrease the total price of health insurance.

Choose The Right Small business Health Insurance for Your Employees with Cigna

At Cigna, we offer the best small business health insurance plans that are flexible and affordable. Our plans aim to deliver enhanced benefits for you and your employees while ensuring that they cost less.

The SmartCare Plan

The SmartCare Plan is an affordable plan designed to offer high-value health benefits and care at the right cost. There are three SmartCare plans with a wide array of options that you can select from. These plans will provide access to health care services across the Middle East without going through any complicated process.

Some of the other key features that come with the plans are as follows:

  • Annual maximum cover of up to AED 5 million
  • Coverage for pre-existing illnesses and chronic conditions
  • Full cancer treatment coverage as per the opted plan and without co-insurance
  • Mental health services and counseling via the Employee Assistance Program (no member cost)
  • Psychiatric face-to-face consultations without co-insurance
  • Cover for pandemics as per the opted plan
  • Coverage for optional routine checkups, daycare, and in-patient services including private accommodation
  • Regional cover (option to extend it to your home country)
  • Flexible payment terms
  • Dental and vision treatment Add ons
  • Employee Assistance Program

For more details download our SmartCare Plan brochure here

.

GlobalCare Flexible Plan

The Smartcare plan, which has three plans to choose from, is designed for regional coverage with an optional add-on for expats, while the Globacare flexible plan is designed to provide healthcare protection for your employees from the GCC to all over the world. It features eight types of fully compliant and inclusive plans and also offers employers dedicated client managers along with the assurance of higher benefits.

Benefits for the employees include the following:

  • 24/7 telephonic customer care service
  • Direct settlement options
  • Reimbursements and pre-approvals in no time
  • 3 Network Options
  • 4 Maternity Annual Maximums
  • 2 annual cover limits
  • 5 annual maximums
  • 3 areas of cover
  • In-patient cash benefits
  • Free doctor consultations (audio/video conferencing through the Cigna Wellbeing App)
  • Find a doctor and easy reimbursement via Cigna Envoy (global servicing platform)
  • Optional Add-ons for wellness services, dental treatment, and vision treatment

For more details download our Flexible Plan brochure here.

Related Articles
Cigna-ME-Importance-of-Health-Insurance

What is Health Insurance and Why is it Important

Learn about the benefits of health insurance including how it can protect you from financial burdens of huge medical bills while providing preventative care.

Cigna-ME-Virtual-Telehealth

Role of Telehealth Services in Employee Wellbeing

From booking appointments online to consulting doctors over a call, learn how virtual care and telehealth services have made managing healthcare easier.