Large Group Health and Medical Insurance Plans
LARGE GROUPS - The
Benefits Group has helped many
companies in the self-funded, partially
funded or fully insured markets. With health care premiums increasing across the board, many companies are looking for alternative options to decrease spending without losing employee coverage. Now employers have the option to maintain the quality of coverage for their employees and lower their costs by as much as 25% by taking preventive measures through Health Reimbursement Arrangements (HRA).
An HRA is a government-based program created to encourage small businesses to provide benefits to their employees. HRA’s are usually offered as part of a consumer-directed health plan, which provides employees with important new benefit options while raising consumer awareness of cost; which then empowers consumers with greater decision-making control over their health spending.
To contain the cost of insurance premiums, The Benefits Group focuses on creative plan design, switching to high deductible health plans (without lowering benefits to employees), which greatly lowers premiums. Due to a climate change in the health insurance industry and a double-digit increase in premiums, many companies have been forced to reduce benefits, shift more costs to employees or drop coverage entirely. HRA’s are open to employees employed by companies of all sizes, unlike some plans. The HRA contributions are an unfunded liability and are only paid if claims rise above a set point and are capped to a known liability and are free from state, federal and FICA taxes.
Get the process for finding competitive group health quote started! Basically
all we need in order to accurately prepare
a competitive quote for your group health
plan are the following:
1. Census (Gender, Age,
Dependent Status, Occupation, Home Zip Code and
Earnings)
2. Copy of current billings
3. Copy of Claims Loss Reports from last
two years
Call or email us today and
speak with one of our benefit consultants.
They will be able to assist you and help
answer any questions you may have.
Our toll-free number is
800-472-5005 or email us at info@healthbrokers.com.
A consultant will call you back within 24
hours during our normal business
hours.
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