As the owner of a dental practice, you’re used to change. From new and innovative technology entering the industry to expanding your staff, you’re practically a pro at adapting when there’s a need. When it comes to transitioning to individual health insurance, however, you may be wondering the best way to do this so you and your employees can feel comfortable.
Last week, I wrote an article featured on DentistryIQ about how dental practices can transition to individual health insurance. Here are highlights from the recent Zane Benefits blog feature.
Cancelling your group health insurance policy may sound intimidating, but it’s not. If you keep your employees in the loop, the transition will be smooth.
It’s important to help your employees understand why you’re transitioning to individual health insurance and what the benefits are.
To help with the transition, many dental practice owners incorporate reimbursement for all or a portion of their employees’ individual health insurance premiums.
Making sure your leadership (i.e. office manager) is onboard and engaged in the transition to individual health insurance will ensure employees are well-informed.
“One of the best ways for your employees to transition to individual health insurance is to show them in real numbers how it is beneficial. In other words, put together some figures to show them how much they can save and how much the company saves by making the switch. Also show them how you’ll be allocating the dental practice’s savings. This can be done by contributing to premiums and adding new perks to the company, and can even go toward raises.”
If you’d like to read the full article, it can be accessed via DentistryIQ’s website and is a great resource for dental practice owners and managers.
DentistryIQ provides dental professionals worldwide with a comprehensive collection of information on what is happening in the dental industry. The DentistryIQ feature titled “Wise-up Wednesday from Zane Benefits: How your dental practice can transition to individual health insurance” walks through how a dental practice owner can seamlessly transition to individual health insurance.
What questions do you have about transitioning to individual health insurance?