Oxford Health Offers High End Group Health Insurance options

Oxford Health Offers High End Group Health Insurance options

Oxford Health Offers High End Group Health Insurance options Normally we write about ways to help businesses lower health insurance premiums, however there are some who are looking for more high end group health insurance options for their NY small business. Oxford Health Offers High End Group Health Insurance options. These options can be for the entire company, for a select class of employees such as management or owners, or it can be as a voluntary option for all employees to choose from. Regardless of the reason, Oxford Health Plans offers multiple high…Read more …
Telemedicine for NY Small Business Health Insurance Plans

Telemedicine for NY Small Business Health Insurance Plans

Telemedicine for NY Small Business Health Insurance Plans What is Telemedicine? Telemedicine leverages the use of telecommunication and information technologies in order to provide clinical health care at a distance. Telemedicine is a health and wellness program designed specifically to save you time and money by utilizing technology to provide you with effective, immediate access to Healthcare all from your phone or computer. This is a unique program that is now being offered by all NY small business health insurance carriers, and we believe it will be an even more prevalent practice in…Read more …
New York Small Group Health Insurance Owner Only Guidelines

New York Small Group Health Insurance Owner Only Guidelines

New York Small Group Health Insurance Owner Only Guidelines All New York small group insurance carriers have updated their small group guidelines for businesses with only the owner and/or the owner’s spouse enrolling in the plan (aka Owner Only groups). All carriers will now require one common law employee enrolled for a group which has only 1 owner. They will allow for LLC, S and C corps with 2 or more owners to enroll only 1 owner if they are not husband and wife. This is the key to working on ways to…Read more …
Who is considered an employee for small group health insurance plans?

Who is considered an employee for small group health insurance plans?

Who is considered an employee for small group health insurance plans? As a business owner, you need to know who is eligible to join your small business health insurance plan. There are many questions including how many hours are needed to qualify, can 1099 employees join a group plan, and can dependents be included on a plan. We trust the information below will help answer those questions. Small Business Health Insurance Eligibility for Employees and Dependents Small group health insurance plans cover employees and their eligible dependents. Employees who meet the below requirements…Read more …
Basics Of Small Business Health Insurance Plans

Basics Of Small Business Health Insurance Plans

Basics Of Small Business Health Insurance Plans Buying health insurance for your small business (group health coverage) has different rules than buying just for yourself or your family (individual coverage). Below, we outline the basics behind small business health insurance coverage. What is a small business health insurance plan? A small business health insurance plan refers to a single policy issued to a group (typically a business with employees, although there are other kinds of groups that can get coverage) that covers all eligible employees and sometimes their dependents. Individual medical coverage, on…Read more …
Reasons to Purchase Group Health Insurance for your Small Business

Reasons to Purchase Group Health Insurance for your Small Business

Reasons to Purchase Group Health Insurance for your Small Business In addition to offering access to affordable healthcare services, group coverage also helps businesses in ways relating to tax benefits and employee retention. Below, we outline the main ways that purchasing a small group health insurance policy can benefit you, your business and your employees. Tax Benefits for Your Business Better Access to Care Manageable Costs and Financial Security Better Employee Recruitment and RetentionRead more …
Top Group Health Insurance Questions

Top Group Health Insurance Questions

Top Group Health Insurance Questions We have compiled a list of the Top 6 Group Health Insurance questions we receive to help you better understand small business health insurance. HOW DOES GROUP HEALTH INSURANCE WORK? With group health insurance, the employer selects the plan (or plans) to offer to employees. The premium cost is usually split between the employer and employee as a percent of the premium, or as a fixed monthly contribution by employer. Employer Groups with under 50 employees are not required to pay towards the premium, although most do. WHAT…Read more …
What is Coinsurance?

What is Coinsurance?

What is Coinsurance? Unlike your car insurance, homeowner’s and renter’s insurance which often cover 100% of your costs once you hit your deductible, health insurance is different – coinsurance. Instead, most health insurance plans split the costs of your medical care between you and your health insurance for a brief period of time after you hit your deductible—usually through a cost-sharing method called coinsurance. What Is Coinsurance? Coinsurance is the percentage of health care services you’re responsible for paying after you’ve hit your deductible for the year. With coinsurance, you’re sharing the cost…Read more …
Updates for Oscar Health Insurance in 2020

Updates for Oscar Health Insurance in 2020

Updates for Oscar Health Insurance in 2020 In 2020 Oscar will be entering many new markets throughout the country. While the Oscar Health NY small business market was granted a larger than usual increase this year, they remain competitive in the NY small group market. There will be no changes to their networks this year, as they are still offering products on their Circle and Circle Plus networks. Below is a quick recap the difference between the 2 networks: Oscar Circle Network: this is the new name for the Original Oscar network which EXCLUDES:…Read more …
What are Health Insurance Premiums?

What are Health Insurance Premiums?

What are Health Insurance Premiums? A health insurance premium is a monthly fee you pay to an insurance company or health plan to provide you with health coverage. The scope of the coverage itself (ie, the amount that it pays and the amount that you pay for health-related services such as doctor visits, hospitalizations, prescriptions, and medications) varies considerably from one health plan to another, and there's often a correlation between the premium and the scope of the coverage. The less you have to pay for your coverage, the more likely you will…Read more …