Group Medical in Florida
As an employer, one of the best perks that you can offer employees is a group medical insurance program. Often, this is the benefit that proves to be the most powerful when recruiting and retaining the best employees. There are several types of plans that you can offer. To discover the best programs for your business and the people that work with you, talk to the agents at 925 Partners. We work with companies throughout the Jacksonville, FL area, so we understand employees needs in Florida.
Health Coverage Types
There are several common types of group healthcare plans available.
- Indemnity Plans – Offered by most major medical insurers, these carry a deductible. Following meeting the deductible, most carriers cover 80% of the remaining costs. These plans also give employees the option of doctors and hospitals.
- HMOs (Health Maintenance Organizations) – These plans limit who the employee can see. They are able to select a primary care physician from a list of providers in the insurance company’s network. All covered healthcare must come from this physician unless they refer you to a specialist.
- PPOs (Preferred Provider Organizations) – For these plans, insurance companies negotiate discounted rates with particular hospitals and physicians. This allows you to visit physicians or healthcare providers that are not designated as a preferred provider at a higher deductible or copayment.
- Health Care Savings Account (HSA) – While this is not a health insurance plan, it gives you the option to cover healthcare costs by saving for them on a tax-free basis. Many use these for over the counter medication costs.
There are many considerations when deciding the best plans to offer Florida employees. Call our office to discuss your options in-depth. At 925 Partners in Jacksonville, FL, we take pride in knowing we are helping businesses help their employees.