Small Group Benefits West Palm Beach FL
Explore Group Insurance Plans from Humana, Aetna Health Plans in Florida and United Health Care . We specialized in Small Group Medical Insurance Plans for small employers, Group Dental Insurance,Disability Insurance and Group Vision Coverage, work site benefits and financial protection plans for your employees security and peace of mind.
Group health Insurance for your small Business including work-site Benefits for Individuals and Families that will provide the security and financial protection for your employees.
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Small Business 2-50 employees. Get Free Quotes on Group medical plans Florida.
Group health Insurance-Affordable health insurance plans for small business
Small Business medical Insurance. In its most basic form, group health insurance is an insurance product that provides health care benefits to those who are part of a employer group. Most frequently,this group is through an employer but it can also be through an association or some sort of membership opportunity such as a school, club,or professional organization.
Group health insurance plans are based on the premise of safety in numbers. Although a few members of the group will get sick, there is still a chance that the health insurance company will remain profitable because the majority of the group members will remain relatively healthy.
If available, most people choose group health insurance coverage through an employer because frequently the employer helps offset some of the premiums costs. Some group plans may behave other benefits that are not available with individual insurance, such as no waiting period, no physical requirements, or lower rates. Employees contribute anywhere from 10 to 60% of the premium cost. Small business medical insurance in West Palm Beach Florida.
Employer Group health insurance coverage
There are three main types of group health insurance plans: the health maintenance organization (HMO), preferred provider option (PPO) and point of service plans (POS).
- HMO Plans
In an HMO, each person must choose a physician from the network to serve as a primary care physician. In order to meet with another physician or specialist, the primary care physician must make the referral. In all likelihood, those going out of network or failing to get prior approval before seeing a specialist will not have any benefits paid.
- PPO Plans
These group plans also have network restrictions, but do allow the patient to go outside the network. If the patient goes out of network he or she will usually pay a higher rate than if the services were provided inside the network. Also, PPO plans usually do not require designating a primary care physician or receiving a referral before seeing a specialist.
- POS Plans
Point of service plans fall in the middle between the HMO and PPO. The patient is incentivized to stay in the network with better benefits or convenience. For example, if a patient visits a doctor or receives a service outside the network, he will have to submit his own paperwork and might be required have to pay up for the services and then get reimbursed by the insurance company.
Costs of Small Business Medical Insurance
Generally an HMO is the least expensive plan because it is the most restrictive. At the other end of the spectrum is the PPO because it is the most flexible. POS plans usually fall somewhere between HMOs and PPOs in terms of overall cost.
In some cases, there will be no choice. An employer or group may only offer one type of plan. In cases where both types of plans are offered – usually HMO and PPO – the employer requires different premiums. Overall, any quality health plan is generally considered better than not having one at all.
http://business.usa.gov/healthcare Affordable health care is a top concern for most businesses. In a few steps learn what you need to know about health insurance and other health care changes. The goal of The Affordable Care Act is to provide quality affordable health insurance for all Americans.
Commonwealth fund small business health insurance Small business medical insurance have change significantly since the Affordable Care Act.
NAHU consumer information for group health insurance. Group health insurance plans purchased by an employer and is usually paid by the employer and the employee.This is coverage is usually offered as a part of group health benefits. Health insurance plans are offered in Platinum the highest grade plans , Gold Plan s pays 80% of cost, Silver pays 70 % of cost must meet the Affordable Care Act