Group Health Insurance
For a long time, health plan choices included only Preferred Provider Organizations (PPO’s) or Health Maintenance Organizations (HMO’s). These were available for both individual and group coverage plan designs. With rising health insurance costs, Health Reimbursement Arrangements (HRA’s) and Health Savings Accounts (HSA’s) were created to offset these costs and put more control in the hands of employees for the management of healthcare costs.
HRA and HSA options are designed to improve health insurance programs. These plans can offset rising premiums, eliminating the need to reduce benefits by encouraging employees to choose cost effective healthcare options.
The Patient Protective and Affordable Care Act (PPACA, ObamaCare) has brought with it many new regulations, and our clients have found it very challenging to navigate these changes. We diligently follow the latest rules on behalf of our clients. In addition to being a knowledgeable resource for PPACA-related questions, we offer our clients access to additional options like Self-funded Plans.
Rising costs and rapid change in health care are causing many employers to look at self-funding as a more affordable option for their employee health benefits. Self-funding offers flexibility, control of benefit design, and financial control.
Allow us to consult with you on which healthcare options best fit your organization.