Providing insurance coverage for Business Employees

[Tony Pellettieri]

Our Business has been growing rapidly as we've employed our capital in the acquisition department. We've decided to scale back on acquisitions and have started scouting out talent to add to our team to be better prepared for what's to come.

While we believe we could greatly benefit from bringing on an Integrator, project manager, and construction manager as soon as possible, we are looking at cost/benefit for our first hire. We are leaning towards bringing on a hard working administrative assistant to lighten the load and free up more time to focus on more pertinent tasks.

Wondering if anyone can give us suggestions on the starting the process of being able to provide/offer health insurance to our employees. We're talking with someone who may be coming into our company's leadership that will require health coverage. This is something we're interested in providing for our company's employees including ourselves. Any insight would be much appreciated.

[Chris Seveney]

Quote from @Tony Pellettieri:

Our Business has been growing rapidly as we've employed our capital in the acquisition department. We've decided to scale back on acquisitions and have started scouting out talent to add to our team to be better prepared for what's to come.

While we believe we could greatly benefit from bringing on an Integrator, project manager, and construction manager as soon as possible, we are looking at cost/benefit for our first hire. We are leaning towards bringing on a hard working administrative assistant to lighten the load and free up more time to focus on more pertinent tasks.

Wondering if anyone can give us suggestions on the starting the process of being able to provide/offer health insurance to our employees. We're talking with someone who may be coming into our company's leadership that will require health coverage. This is something we're interested in providing for our company's employees including ourselves. Any insight would be much appreciated.

 Tony,

I went through this 2 years ago with my company and getting started. My recommendation is to hire a business benefits group broker. They will act as a broker to source you health insurance (and other types like general liability etc) or other stuff you may want.I think we pay them around $1,000 per year, which if you tried to do that think of the time and effort. 

I used a link of the company we used and happy to do an intro. What is great is they also setup the portal for employees every year to update / renew etc. It is 90% hands off except when you have to renew programs each year you have to decide etc.