Group Health

Your Group Health, Your Options

We will work with you to determine the provider with the comprehensive package at the most competitive rates for your business. Group Health plan options include:

Fully insured plans, including HMO’s and PPOS: In selecting features and appropriate coverage, we will bring our expertise to discuss the amounts for plan deductibles, coinsurance, prescriptions, well visits, preventative and early detection, among other important factors that go into a plan.

Alternative funding options, including an HRA and HSA. A Health Reimbursement Account (HRA) is an IRS-approved, employer-funded, tax-advantaged employer health benefit plan that reimburses employees for out-of-pocket medical expenses and individual Health Insurance premiums. It allows an employer to make contributions to an employee’s account and provide reimbursement for eligible expenses. It’s excellent way to provide Health Insurance benefits and allow employees to pay for a wide range of medical expenses not covered by insurance. A health Savings Account (HSA) combines high-deductible Health insurance with a tax-favored savings account. Money in the savings account can help pay the deductible. Once the deductible is met, the insurance starts paying. Money left in the savings account earns interest and is the employees to keep.

Non-traditional plan designs, such as partially self-insured plans and medical captives. A self-funded plan, for example, allows employers to create their own medical coverage plan by paying for their own losses up to a certain amount – choosing the features they want, based on their own needs. You gain more plan control and flexibility, greater savings and the potential for tax savings. We can look at this option for you to determine if it’s a viable solution for your business.