GROUP INSURANCE

Building a successful business is not easy. Combine that with the added headache of finding affordable, quality health insurance for your employees.

Whether you're just starting out, or own a small business with multiple employees, you're going to need assistance in securing health care coverage.

Who needs a Group Health Plan?

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Going into business for yourself can be risky, but not having insurance for yourself, your family, or employees can be even more risky.

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Group Health insurance is recommended for the following reasons:

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• Self-employed persons who often think health insurance is an unaffordable luxury. Being insured protects your
  financial future against unexpected medical costs, long-term illness or hospitalization.

• Small business owners that recognize that an employer-sponsored health plan is one benefit that is truly valued by its employees. Offering a group health insurance plan can make you more competitive, attracting responsible employees.

• You’re provided discounted rates for health care depending on the amount of employees you have. Insurance companies negotiate rates with a variety of health care providers, which enables keeping the costs of regular checkups affordable.

• Alleviates unexpected medical costs. Bankruptcy due to hospitalization over an unforeseen injury or illness can happen more often than we realize.

• Having a reliable health plan, ensures your your ability to work. Without your health, it isn’t possible to work.

• With a group health insurance plan, you have access to a broader network of health care providers than you would otherwise.

• Encourages a healthier lifestyle with regular checkups and preventive care. Preventative or wellness checkups often are covered by your insurance and there is no out of pocket costs.

• Shields your business from personal medical costs. Unexpected medical expenses can impact your personal liability for medical costs. Health insurance can help you keep your business protected.

• Employer-sponsored group health insurance coverage is a valuable inducement to top talent, and an important consideration in offering compensation packages.

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Navigating through the health insurance world isn’t easy, especially if you are choosing health insurance coverage for your employees and their loved ones. With the assistance of our trained and professionally licensed agents, we can help make this navigation a smooth transition.

There is no better way to preserve the health of your loved ones than with the right insurance policy.

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Major Types of Health Coverage

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There are basically four major types of health insurance policies to choose from when offering benefits to employees. These are often referred to as EPO (Exclusive Provider Organization), HMO (Health Maintenance Organization), POS (Point of Service), and PPO (Preferred Provider Organization).

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These health insurance plans help cover your medical, surgical, and hospital expenses. They may even cover additional health expenses including dental, mental health services, and prescriptions, depending on the coverage you choose.

Exclusive Provider Organization (EPO): A managed care plan where services are covered using doctors, specialists, or hospitals in the plan’s network (except in the case of an emergency).

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Health Maintenance Organization (HMO): A health insurance plan that usually limits coverage to care from doctors who work for or contract with the HMO. This type of care generally won’t cover out-of-network care except in the case of an emergency. An HMO may require you to live or work in its service area to be eligible for coverage. HMOs often provide integrated care and focus on prevention and wellness.

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Point of Service (POS): A type of plan where you pay less if you use doctors, hospitals, and other health care providers that belong to the plan’s network. POS plans require you to get a referral from your primary care doctor in order to see a specialist.

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Preferred Provider Organization (PPO): A type of health plan where you pay less if you use providers in the plan’s network. You can use doctors, hospitals, and providers outside of the network without a referral for an additional cost.