Group Health Information
Benefits that Keep your Employees Happy
Like Life Insurance, Health Insurance is a valuable asset when it comes to safeguarding you and your family. Having proper health coverage will protect you from financial hardships that could arise if you or a family member are ever sick or injured and can’t work. For businesses, having the right health benefit package is often the key to keeping your employees happy and productive, while providing the assurance that they’re protected.
As an employer in today’s business world, you know how important it is to provide health insurance to the most valuable asset of your business – your employees. By providing each employee with a plan that meets his or her expectations, it can help your business lower turnover and keep a staff that is healthy and more productive.
At HealthQuotes 4u Inc we promise to work with you one-on-one to develop a group plan that is not only affordable, but complements your business’s needs and gives your employees peace of mind.
Which Plan is Right for your Business?
Group health insurance plans typically include HMOs (Health Maintenance Organizations) PPOs (Preferred Provider Organizations) HDHPs (High-Deductible Health Plans) – or a plan that incorporates combination of all three.
A traditional HMO offers comprehensive coverage through a network of doctors, hospitals, clinics, specialists and other care providers. When a participant selects an HMO, they must also select a Primary Care Physician (PCP), and will need to request referrals for all specialist doctor visits. These plans typically carry a higher premium price tag, and require co-payments for all doctor office visits.
A PPO offers the added flexibility of being able to select any doctor or specialist without the need for referrals. A traditional PPO offers in-network and out-of-network rates for all doctors, hospitals, clinics, specialists and other care providers. Premiums typically cost more than consumer-driven health care plan options, and participants will be responsible for meeting a deductible and paying co-insurance on services rendered.
High-deductible health plans are full coverage health plans that offer significant premium relief, in exchange for a higher deductible. These consumer-driven health care plans are available in conjunction with a tax-free Health Savings Account (HSA).
Is Your Business Required to Purchase Group Health Insurance?
Large businesses with 50 or more employees are now required to offer group health insurance under the Affordable Care Act. Small businesses with fewer than 50 employees are not required to offer coverage, but they can qualify for tax credits to help offset the cost if they choose to offer healthcare and pay for at least half of each employee’s premium.
Contact Healthquotes 4u Inc today to receive Group Health benefits that keep you, your family, and those around you happy.