New York group health insurance companies can issue a group policy for at least 2 eligible employees with 1 contract covering the whole group. The group usually consists of the employees of a business but also may be the members of a professional organization or labor union.

New York group medical insurance providers offer advantages in addition to medical care. A New York group insurance company also will have lower premiums and greater coverage for a group health plan because the financial risk is distributed between all of the members.

Three key points that affect the premium of New York small group health insurance are:

1. The preferred provider organization. A New York group medical insurance company usually requires that a policy holder's health care provider be a member of the plan’s designated PPO.

2. Policies with lower deductibles are more expensive. The deductible is the amount the employee pays before health insurance companies in New York will pay for treatment.

3. Policies with a higher coverage limit will be more expensive. This is the maximum amount that New York group health insurance providers pay for a given treatment.

Action Steps
The best contacts and resources to help you get it done

Use New York group insurance companies that furnish network-based health care

Network-based health care offers a broad spectrum of services including exclusive provider organization, health maintenance organization, point-of-service and preferred provider organization plans.

I recommend: Choose one of the plans available at Health Plan of New York. This health care company serves about 1.4 million members in Connecticut, Massachusetts and New York.

Consider local NY group health insurance companies that cater to small businesses

Do business with an insurance company that will be able to design plans for small business group health insurance. New York has complex laws regarding health insurance, making this expertise especially valuable.

I recommend: Complete the quote form at HealthPlansNY.com, including the census section for your employees. This firm specializes in health insurance for small businesses, especially those with 10 employees or less.

Get customized quotes for NY group health insurance

To avoid any costly surprises, supply the most complete information you can about your business and its employees when seeking a customized quote from a specific agency for group health insurance in New York.

I recommend: Provide the information required by Insurance Plus on its group health insurance quote form, including the detailed section concerning the types of health insurance coverage desired.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Provide part-time employees a health care plan that is customized for their needs. New York group insurance companies are usually best able to serve your employees with a less expensive plan that provides basic coverage for essential benefits and discounts on some services that are not covered outright. Flexible Spending Accounts are another method that a part-time employee can use to manage health care costs.
• •  Offer a consumer-driven group health insurance plan for employees who wish to be more engaged in their group health insurance. New York plans usually offset a low-cost, high-deductible plan with Health Reimbursement Accounts and Health Savings Accounts that allow a member to manage expenditures more closely than with a traditional health care plan.