Small Business Health Insurance Quotes
Small Business Health Insurance Quotes: Maternity Coverage
Small business health insurance quotes will vary based upon your industry, number of employees, age and gender of your employee population, and state. Smalll business health quotes are also driven primarily by your plan design:
Instant small business health quotes provide you with sample rates and policy configurations. Complete this simple webform to see a sample comparison between a traditional health plan, and a catastrophic plan where the holes are filled by supplemental insurance - custom designed by each individual employee.
Employee Census and Health Insurance Quotes
The final rate any small business pays for group health insurance depends primarily upon the employee census. Your carrier will ask for certain census data in order to project the likelihood of claims payments. For each employee, a small business will be asked to provide: age, gender, and zip code of home address.
Most small group health plans rely on the census, and experience rates for all small business employees across the state where the policy is issued. Looking at experience across a statewide pool of employees lowers the overall risk rating for any single small group.
Employee demographics drive health insurance utilization. Older workers tend to be less healthy, and file more claims. Female workers tend to utilize the healthcare system more frequently, and are more prone to chronic conditional. Female employees have babies.
Quotes for Small Business Maternity Programs
Female employees of childbearing age are most expensive to insure for one simple reason: pregnancy and childbirth generate significant claims. Normal childbirth requires prenatal care, monitoring, and a hospital stay. High risk pregnancies and preterm deliveries require lots of expensive care.
Have you ever wondered why many small doctor offices employ so many part time female employees? They attract female workers, but by keeping them are part timers, they don’t count on the employee census.
If you are a small employer looking to attract female employees, adding maternity benefits is a great differentiator. But it can be extremely expensive, unless you understand how to leverage voluntary employee benefits, and couple that with the right plan design. Voluntary employee benefits allow a small business to offer maternity benefits, without adding to cost. Find a plan with a hospital deductible, and plug the hole with hospital indemnity insurance. Provide paid maternity leave benefits by providing short term disability.