Recent legislation has many employers and business owners confused about what they must legally provide their employees by way of health insurance. As an established, independent insurance company, Pufalt-Pauley Insurance Agency has the understanding and resources to help. Our experienced insurance agents can explain your responsibilities under the Affordable Care Act, and we can also help you find affordable group insurance options through our network of insurance providers.
Many times, group health insurance is a money-saving option for both employees and employers. Individual participants in group health insurance plans benefit from group insurance pricing. Since the insurer is covering a large group of people, group health insurance is the equivalent of a product priced at wholesale rather than retail. For the company providing group health benefits to employees, there is the added benefit of proactive healthcare for workers. Companies that provide good health benefits tend to see lower absenteeism due to illness. Additionally, healthier employees are able to be more productive.
Our insurance experts will work with you to find the best healthcare options for your business and your employees. Here are the three primary options for healthcare coverage:
Traditional fee-for-service plans provide healthcare services at a set rate.
Managed-care programs such as HMOs and PPOs often come at lower out-of-pocket rates. These healthcare plans stipulate that consumers see only in-network care providers.
Consumer-driven health plans, a new type of program designed to give consumers maximum control, involves creating a health savings account (HSA) that is used for covering medical expenses.
We understand that choosing healthcare plans for your entire workforce can be a daunting task. You have a responsibility to care for your employees, but you must also look out for your company’s bottom line. Contact us today to learn how we can take the guesswork out of providing healthcare for your employees.
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