We offer group health insurance and small business plans.
The process of choosing a group health plan for you and your employees can be arduous and confusing. There are many decisions that need to be made, as well as a certain amount of research done to help make a decision. Ultimately, this decision must both support you and your employees’ families and fit your companies budget.
HMO plans generally have the lowest out-of-pocket costs for employees with the least amount of freedom to choose doctors. Usually, members see a Primary Care Physician, whom they can choose from a specific network of doctors. Members usually must be referred to a specialist, if necessary. The larger the network the more likely their present doctor will participate. While HMO plans traditionally have been the least expensive option, costs in relation to comparable PPO plans have changed over the last few years.
POS (Point of Service)
POS plans combine the low out-of-pocket costs of an HMO with the freedom of a PPO. A POS has an HMO tier, which allows members to go through a Primary Care Physician for the lowest out-of-pocket cost, and has a non-HMO option for freedom of choice. These plans offer either two-tier or three tier benefits for flexibility for your employees. These plans are typically the most expensive plans for employers and are not offered by every carrier.
PPO (Preferred Provider Organizations)
PPO plans provide more freedom while still controlling costs. These plans generally are comparable in cost to HMO plans, although pricing has been shifting over the last few years. Members choose from doctors within a network in order to keep costs down, or they can see a doctor outside of the network with higher out-of-pocket costs. Members are usually responsible for a percentage of the cost of covered services, both in and out of the network.
A health savings account (HSA) is a tax exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses for beneficiaries covered under a qualified high deductible health plan (HDHP). With an HAS, you can pay for current and future eligible medical, dental and vision expenses.
We offer all types of plans, not just medical. You can offer your employees benefits such as dental, vision or life. Mix and match plans within certain carriers to give you and your employees more flexibility in choosing plans.
Call us today and let us help you with your insurance needs.