Here's how we can help. Our consumer-driven health plans serve more consumers than the next three most-popular carriers combined. So whether you choose a consumer-driven health plan or a traditional one, we can help you tailor it to meet your unique business needs and budget.
Employee benefits are a critical factor in retaining and recruiting employees, as well as maintaining productivity and satisfaction. Offering the "right" health insurance plan is one of the most important decisions you can make as a small business owner - keeping employees happy and healthy benefits you in the long run. But making sense of the complex and often expensive health care insurance system has become increasingly difficult for employers, especially small businesses.
You may be most familiar with traditional health care plans, such as HMO, PPO or POS. These plans typically offer low deductibles, low copayments and little or no out-of-pocket employee costs for network care. You may choose to offer a traditional plan for recruiting or retention purposes or because your employees demand it.
Another option is a consumer-driven health plan, which encourages employees to take more responsibility for their own health care needs. Consider such a plan when:
Consumer-driven plans offer both short- and long-term savings. Flexible benefit designs and an extensive provider network offer savings in the short term. Lower premiums and smarter health care use can lower costs in the long run.
Consumer-driven health plans usually have high deductibles, which keep your premiums low. They are usually paired with a Health Reimbursement Account (HRA) or Health Savings Account (HSA) to defray health care costs.
Studies show that employees with consumer-driven health plans use their health care resources more judiciously. Studies show:
You save through lower premium rates, while helping to protect your employees from excessive medical expenses. These plans usually provide employees with wellness incentives to lead healthy lifestyles, lowering medical costs even further.
Studies show that employers who support wellness have a positive impact on their workplace: increased productivity, reduced absenteeism and presenteeism (working while sick), lower overall healthcare costs and increased employee satisfaction.
Our health plans make employee wellness a priority by encouraging employees to become active, informed health care users. Your employees can learn to:
Improve their health
Improve the quality and lower the cost of medical services
Manage chronic conditions
Employees can journal, learn proper exercise techniques, start a nutrition plan, and use online quizzes, calculators, and demonstrations to start a healthier lifestyle.
Online Health Coaching classes, including weight loss, fitness, smoking cessation, stress management, heart health and diabetes programs
Their personal health record of conditions, medications, procedures and lab results
24/7 phone advice from nurses
Customized wellness e-newsletters
Health statements, including expenses, helpful reminders and tips to improve health based on their claims activity
Fitness, nutrition, weight management, vitamins and supplements
Alternative care (chiropractic care, acupuncture, natural medicine and massage therapy)
Dental care, including whitening, straightening and cosmetic care
Long-term care (adult day care, assisted living, home care, nursing facilities and medical supplies)
Hearing care, including hearing aids and other devices
Disability and Life insurance are some of the most important benefits you can offer your employees.
Disability coverage can help them pay bills that will not stop if they are disabled by an accident or illness. This allows them to focus on their recovery so they can quickly return to work. Many Disability plans offer return-to-work incentives and rehabilitative services which helps control lost productivity and revenue. It also saves on the cost of temporary employees.
Provide your employees with peace of mind with Life Insurance
Words can't describe what your employees and their families endue after a loss of a loved one. Life insurance helps families pay off debts and other expenses so they have to rely solely on savings. If your employees have anyone who depend financially on them, they need life insurance no matter their age or marriage status.
How much life insurance do your employees need?
One rule of thumb for recommended coverage is 10'x annual income (according to the American Council of Life Insurers). No one guideline applies to everyone, since all situations & goals are different from one person to another.