It should be no surprise that the one thing that almost every employee wants and needs is health insurance. Most employees say that hospital and medical coverage is the most important benefit an employer can provide. Fortunately, as an independent agency, The DeChristopher Group has plenty of options to show you, each offering tradeoffs between flexibility and affordability.
Most employers are concerned with the increasting cost of health insurance. Here are some efficient and effective ways to offer coverage to your employees while keeping spending to a minimum.
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Cost share with employee for both the employee and his/her dependents.
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Cost share with the employee for the employee cost only and offer coverage for dependents, but without contributing to the cost.
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Offer plans that cost less for the Company, such as a health maintenance organization (HMO), a health savings plan (HSA), or a health reimbursement plan (HRA).
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Pair one of these less expensive options (HMO, HSA or HRA) with a preferred provider organizations (PPO), or a point of service plan (POS), giving your company the best of both worlds; flexibility and affordability. The Company can contribute the same amount towards each plan type and the employee will have the option of enrolling in a PPO or POS at a higher cost to the employee, not the Company.
These are just a few examples of how your company can offer health insurance at a reasonable cost. Please contact us for more information or suggestions.
It should be no surprise that the one thing that almost every employee wants and needs is health insurance. Most employees say that hospital and medical coverage is the most important benefit an employer can provide. Fortunately, as an independent agency, The DeChristopher Group has plenty of options to show you, each offering tradeoffs between flexibility and affordability.
Most employers are concerned with the increasting cost of health insurance. Here are some efficient and effective ways to offer coverage to your employees while keeping spending to a minimum.
-
Cost share with employee for both the employee and his/her dependents.
-
Cost share with the employee for the employee cost only and offer coverage for dependents, but without contributing to the cost.
-
Offer plans that cost less for the Company, such as a health maintenance organization (HMO), a health savings plan (HSA), or a health reimbursement plan (HRA).
-
Pair one of these less expensive options (HMO, HSA or HRA) with a preferred provider organizations (PPO), or a point of service plan (POS), giving your company the best of both worlds; flexibility and affordability. The Company can contribute the same amount towards each plan type and the employee will have the option of enrolling in a PPO or POS at a higher cost to the employee, not the Company.
These are just a few examples of how your company can offer health insurance at a reasonable cost. Please contact us for more information or suggestions.