Group Medical Insurance
What is it?
Medical insurance protects against loss by illness or bodily injury. It provides coverage for medicine, visits to the doctor or emergency room, hospital stays and other medical expenses. Policies vary greatly in how they are structured, what they cover, the size of the deductible and co-payments, coverage limits and treatment options.
Why does your business need it?
Employees usually rank health care coverage as the most important of their total benefits package. In fact, it has been reported that inadequate benefits were a significant reason for employees to leave their job. Respondents to the 2005 Small Business Basic Medical Coverage survey said they would look for work elsewhere-perhaps at companies offering more generous employer contributions towards the cost of basic medical coverage-if their take-home pay were lowered to balance soaring healthcare costs.
When should you buy it?
Because medical insurance is one of the most important benefits to your employees, and a significant expense to your business, it is worth taking the time to ensure that the medical insurance consistently meets your needs. Many companies make it a point to reevaluate their health care plans on an annual basis. This is an especially valuable practice, considering the changes that can happen each year-premiums can increase, your employee base can change considerably, and state and federal rules can impact costs and coverage in unpredictable ways. Post Benefits will explore and understand your business in order to recommend the most suitable medical plan for your and your employer needs.
- Insured Indemnity Plans
- Point-of-Service (POS) plans
- Health Maintenance Organization (HMO) plans Preferred Provider Organization (PPO) plans Healthcare Savings Account (H.S.A.) plans Healthcare Reimbursement Account (HRA) plans Self-insured Plans Minimum Premium Plans
Why Trinity Brokerage?
Trinity Brokerage is uniquely qualified to help you and your business satisfy your insurance needs. We search the marketplace for best-in-class providers to bring you tailored solutions for your business protection plan. We pride ourselves in providing outstanding personalized service. For more information please contact us.