WE PROVIDE CONSULTATION AND ARE HELPING IN INSTALLING GROUP HEALTH PLANS FOR BUSINESSES IN NY AND NJ.
Businesses come in every shape and size so there is not one plan that fits every model. Companies that have between two and 50 employees qualify as a small business. We also are offering our services to groups that employ more than 50 employees.
Small group health insurance can only be used for companies that have between two and 50 employees that are eligible for health care. This means that they must be full time and not seasonal or contract employees. Usually full time applies for those working over 25 to 30 hours in a given week.
A small business can fall into a few obstacles. For example, if a company has only two employees and they are husband and wife, they would not be eligible for group health coverage with mist insurance companies.
BENEFITS OF NEW JERSEY SMALL BUSINESS HEALTH INSURANCE
No matter the economic climate, small companies are always trying to be competitive to attract the best employees. When companies have a solid foundation of employees they will have better productivity and save money over all. Part of attracting the best employees is having good benefits. Group health insurance is just one way that employers can set themselves apart.
Potential employees look at more than just salary when they see where they want to work. There is location, opportunities of advancement and of course, health benefits to consider. Yes, people need to work, but that does not mean that they will settle for the first job offer. Large companies can attract the top candidates with all the above, but small businesses can compete by leveling the medical insurance playing field.
TYPES OF SMALL BUSINESS HEALTH INSURANCE
One of the most common types of small business health insurance is a Health Managed Organization (HMO) option. This means that employees have to stay within a specified network if they want to receive full benefits. An HMO plan is the most restrictive of the managed health care plans. Even if an employee requires emergency medical attention it must be within the network otherwise the plan will not cover the care. In addition, another stipulation is employees must have a primary care physician that is in the network.
A second type of managed care for NJ and NY small business health insurance is Preferred Provider Organizations (PPO). This group health insurance option lets employees use their personal physician as their preferred provider and not has to worry if he or she is in the network. In addition, if emergency care is required outside of the network an employees benefits can be used, although the benefits will be reduced.
The co-pay is generally around the same as an HMO, but the deductible is how much
The third type of managed care is Point-of-Service (POS). This type of small business health insurance is more flexible for employees than an HMO or PPO plan. When an employee needs patient care, they can go outside of the network at the referral of their primary care physician and receive full benefits. However, if the employee does not have a referral then their benefits will be reduced.
Similar to the PPO plan, a group health plan that uses a POS uses copayments and coinsurance. To help curb the cost of this more costly plan, employees may want to choose a higher deductible so their premium rate will be lower. This type small business health insurance plan is great for employees who want the most flexibility.
One final option to consider is a Health Savings Account (HSA). This gives employees full control of the plan. A portion of their income is taken and placed into an account that will pay for routine health services like checkups and physicals. In most cases, the employer itself will also contribute a portion, sometimes a matching portion, to help the account be more of a benefit.
WE PROVIDE CONSULTATION AND ARE HELPING IN INSTALLING GROUP HEALTH PLANS FOR BUSINESSES IN NY AND NJ.
Businesses come in every shape and size so there is not one plan that fits every model. Companies that have between two and 50 employees qualify as a small business. We also are offering our services to groups that employ more than 50 employees.
Small group health insurance can only be used for companies that have between two and 50 employees that are eligible for health care. This means that they must be full time and not seasonal or contract employees. Usually full time applies for those working over 25 to 30 hours in a given week.
A small business can fall into a few obstacles. For example, if a company has only two employees and they are husband and wife, they would not be eligible for group health coverage with mist insurance companies.
BENEFITS OF NEW JERSEY SMALL BUSINESS HEALTH INSURANCE
No matter the economic climate, small companies are always trying to be competitive to attract the best employees. When companies have a solid foundation of employees they will have better productivity and save money over all. Part of attracting the best employees is having good benefits. Group health insurance is just one way that employers can set themselves apart.
Potential employees look at more than just salary when they see where they want to work. There is location, opportunities of advancement and of course, health benefits to consider. Yes, people need to work, but that does not mean that they will settle for the first job offer. Large companies can attract the top candidates with all the above, but small businesses can compete by leveling the medical insurance playing field.
TYPES OF SMALL BUSINESS HEALTH INSURANCE
One of the most common types of small business health insurance is a Health Managed Organization (HMO) option. This means that employees have to stay within a specified network if they want to receive full benefits. An HMO plan is the most restrictive of the managed health care plans. Even if an employee requires emergency medical attention it must be within the network otherwise the plan will not cover the care. In addition, another stipulation is employees must have a primary care physician that is in the network.
A second type of managed care for NJ and NY small business health insurance is Preferred Provider Organizations (PPO). This group health insurance option lets employees use their personal physician as their preferred provider and not has to worry if he or she is in the network. In addition, if emergency care is required outside of the network an employees benefits can be used, although the benefits will be reduced.
The co-pay is generally around the same as an HMO, but the deductible is how much
The third type of managed care is Point-of-Service (POS). This type of small business health insurance is more flexible for employees than an HMO or PPO plan. When an employee needs patient care, they can go outside of the network at the referral of their primary care physician and receive full benefits. However, if the employee does not have a referral then their benefits will be reduced.
Similar to the PPO plan, a group health plan that uses a POS uses copayments and coinsurance. To help curb the cost of this more costly plan, employees may want to choose a higher deductible so their premium rate will be lower. This type small business health insurance plan is great for employees who want the most flexibility.
One final option to consider is a Health Savings Account (HSA). This gives employees full control of the plan. A portion of their income is taken and placed into an account that will pay for routine health services like checkups and physicals. In most cases, the employer itself will also contribute a portion, sometimes a matching portion, to help the account be more of a benefit.
I am very grateful for your professional help with choosing right Medicare coverage. You did it on very high professional and personal level. Everything you’re doing from baking amazing bread to helping people to manage their insurance are superb. People feel very comfortable around you. Your customers are recommending you one to another.
ELENA LEZHEN
I am very grateful for your professional help with choosing right Medicare coverage. You did it on very high professional and personal level. Everything you’re doing from baking amazing bread to helping people to manage their insurance are superb. People feel very comfortable around you. Your customers are recommending you one to another.
ELENA LEZHEN
© 2020-2021 DMK Pro