nyc

CareConnect Alternatives: How to Switch Health Insurance Providers

Posted September 18, 2017 by Justworks in Benefits and Perks
If you’re one of the many companies leaving CareConnect, know your options to re-evaluate health insurance providers.

Finding a health insurance provider for your small business is a monumental task — especially when you have no other option but to switch.

As more health insurance companies are pulling out of the markets, employers are scrambling to find solutions — like the tens of thousands in NYC now looking for CareConnect alternatives.

If you've ever changed your company’s health insurance provider, you know it's a crucial decision for your business. And there are so many different factors to consider, from pricing to network availability.

Health insurance quality, cost, and network directly affects the health and happiness of your employees, and your benefits package is also a deciding factor for new candidates. Navigating the process can be overwhelming, regardless of how many times you've done it before.

How Do I Find a CareConnect Alternative?

Whether you're switching from CareConnect, or just changing providers during open enrollment, the first step is to pick how you want to access health insurance. The two main options are:

  1. Through a PEO, or Professional Employer Organization
  2. Through a broker for small group insurance

To get you started, we've built an infographic outlining the pros and cons of each option.

Get Started Switching Your Health Insurance

Switching your company’s health insurance provider has a lot of moving parts. But the process always begins with you deciding who you want to get health insurance through: a PEO, a broker, or independently through the health insurance exchange.

To help you get started, we’ve outlined each option and what they’ll mean for you and your team.

1. Professional Employer Organization (PEO)

PROS:

  • Your company gets access to top health insurance plans normally reserved for large corporations — but without the same price tag.
  • Support, always.
  • Online enrollment and management.
  • Automatic COBRA administration.

CONS:

  • PEOs offer payroll, tax filing, and access to health insurance in one package. If you’re looking for a la carte options for your company, a PEO may not be for you.

Learn which perks and benefits employees want the most.

Get the Guide

WHAT EMPLOYERS GET:

  • Access to high-quality health insurance plans below market price.
  • Time. PEOs manage the headache-inducing details of benefits administration for you.
  • Online health insurance enrollment and management.

WHAT EMPLOYEES GET:

  • Access to better health insurance.
  • A one-stop shop for access to health insurance, HR tools, and payroll tax administration — usually in one easy-to-navigate platform.

2. Small Group Through a Broker

PROS:

  • Brokers can present a few health insurance options for you to choose from. Automatic COBRA administration.

CONS:

  • The health insurance options are more expensive, and often feature plans with smaller networks.

WHAT EMPLOYERS GET:

  • Options.
  • But they’re complex and expensive.

WHAT EMPLOYEES GET:

  • Access to pre-tax health insurance (as opposed to many individual plans).
  • No online health insurance tools.
  • Less transparency in the plan details and resulting details.

Justworks Can Help Former CareConnect Customers

We built Justworks as a PEO because we believe it’s better for growing businesses. Our national partnership with Aetna ensures that our customers have access to top-notch health insurance, in addition to payroll tax administration, HR support, and company perks.

Want to get started? Call us at (888) 534-1711 or email us at hello@justworks.com

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal or tax advice. If you have any legal or tax questions regarding this content or related issues, then you should consult with your professional legal or tax advisor.