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Guide to Group Health Insurance
Providing a decent group health insurance plan retains employeesGood group health insurance providers can find you a policy offering coverage ranging from just basic hospitalization to full-blown medical coverage.
Decent small group health insurance plans will include:
1. Hospitalization and surgery benefits.
2. Medical emergency room benefits.
3. An option for single or family coverage.
4. Visits to the doctor of your choice.
5. No need to undergo a physical exam to qualify.
6. Affordability for all participants in the group health insurance plan.
Action Steps
The best contacts and resources to help you get it done
Get a wide range of group health insurance quotes
Since there's a wide range of group health insurance services available, it's a good idea to get several quotes on premiums from different group health insurance providers.
I recommend:
Major providers are more than willing to discuss the various options available to you and may be able to give you an instant group health insurance quote for coverage either on the phone or via their websites. A few of the major providers include Aetna Small Group, Blue Cross and Blue Shield, United Healthcare or a regional provider such as ConnectiCare.
Consider using an agency for a group health insurance quote
There are many agencies that can provide good group health insurance information on the various small group health insurance plans. Often it's easier to compare group health insurance quotes by obtaining group health insurance info from an agent who has researched the industry and can give you tons of choices.
I recommend:
A few of these agencies available online are MostChoice, the Small Business Heath Insurance Network, netQuote, Health Insurance Finders and eHealthInsurance
Consider HMO, PPO or POS group health insurance services
There are several types of health group insurance plans including Health Maintenance Organizations (HMO), Preferred Provider Organizations (PPO) and Point of Service (POS) plans.
I recommend:
HMO and PPO plans require that you use specific doctors and hospitals, while a POS allows you to use any doctor or hospital you want. One of the biggest HMOs is Kaiser Permanente. Most health insurance companies offer a choice between HMO, PPO and POS plans including Cigna and AssurantHealth.
Tips & Tactics
Helpful advice for making the most of this Guide- Offer your employees the option of paying a reduced premium for a group health insurance plan. They end up paying the full cost of the plan, but at a highly reduced rate, and you're able to give them coverage.
- Many health insurance providers won't insure part-time employees. Consider this if you're looking to provide coverage for all of your employees.
- Consider a 'cafeteria'-type plan, where your employees select the exact coverage they want. These can help reduce the cost of the coverage for you and your employees.







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