ResourcesSmall Business Health Care Hub by JPMorganChase
Five steps to choosing the right health insurance for your business
Whether you're offering insurance coverage for the first time or looking for a refresher on the basics, these steps can help you understand the key parts of the process.
STEP ONE
Define your business goals for offering health insurance
with Molly Chidester, Executive Director and Michelle Basta, Vice President
Learn about the many reasons a business may choose to offer health insurance, including regulatory requirements, business strategy and company values.
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STEP TWO
Assess the needs and preferences of your employees
with Bea Capistrant, Vice President and Evan Cohen, Principal
Discover what you need to know about your employees to make informed health care decisions and how to ensure your health plan satisfies their needs and preferences.
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STEP THREE
Understand key health plan features
with Michelle Basta, Vice President and Brandon Batiste, Vice President
Explore all the key features of health insurance plans that may impact the overall cost, customizability and value of your health plan.
STEP FOUR
Develop a health insurance budget
with Brandon Batiste, Vice President and Aleks Golde, Associate
Learn how health insurance is often the second-largest employee-related expense after salaries and wages, making it crucial for businesses to master their budgeting strategy. Steps include:
- Evaluate and forecast your workforce dynamics
- Explore tax deductions and credits
- Decide how much of the cost your business will cover
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STEP FIVE
Find the right advisor to get started
with Aleks Golde, Associate and Evan Cohen, Principal
Discover how finding the right advisor to help you select and administer your health insurance benefits can help you make the best choice for your business and employees.
- Agents
- Brokers
- Professional Employer Organizations (PEOs)
- Small Business Health Options Program (SHOP)
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