Group health insurance and benefit solutions for construction companies and workers can be a strategic decision that benefits both you as an employer and your employees, especially in an industry where injuries and health concerns can be detrimental to your overall success as an organization. We have found that construction companies face many challenges when trying to offer a comprehensive and affordable benefits package to their employees. Whether you contract employees or have a full time workforce of skilled laborers, the Isure team has experience overcoming your unique challenges. One of those challenges that we often encounter is meeting participation to qualify for group benefits, we understand this challenge and know who to shop and how to present your case to give you the best chance at securing group coverage at a reasonable rate. We do this by asking detailed questions to find out the needs of all employees, shopping all types of polices, both underwritten and non-underwritten and negotiating with the top providers to leverage our relationships to lower your rates.
Another common benefit challenge in the construction industry is that lower-income earning employees decline the group benefits and opt to obtain a subsidy from healthcare.gov (or a state-based health insurance exchange.) This not only creates a participation issue but it also can pose several risks and potential consequences that both the employee and you as an employer should be aware of, including but not limited to, a clawback of premium assistance when taxes are filed by the employee. We can help you navigate these challenges, by educating your employees, helping them make informed choices that align with their healthcare needs and financial circumstances. We also make sure that you are aware of regulations pertaining to offering group insurance to help avoid potential penalties or fines. Get a quote for contractor insurance today.