Group Health Insurance in Bethlehem, Jericho, Lincoln, Littleton, Long Island, and Riverhead

When you started your Littleton business, you had a lot of decisions to make. That didn’t change as your business grew, and now you might be at a point where you would like to offer health insurance options to your employees. This is where group health insurance policies come into play.

The team at The Washwick Agency can help you navigate the often murky waters of group health insurance. They can help you to determine the differences and what will make the most impact on the policies and costs.

Why Are Group Health Insurance Policies Good?

Group Health Insurance in Bethlehem, Jericho, Lincoln, Littleton, Long Island, and RiverheadThe whole idea of a group health insurance policy is that the risk is spread over a larger number of people instead of a single individual. Typically, in order for a group policy to be available to a Bethlehem business, they need 70% of the employees to agree to join the group policy. What makes them hard to compare is that there are a number of variables, including the insuring company, plan types, costs, terms and conditions, and more. This is where your Lincoln area Washwick Agency agent can help as they will shop all of the different insurance companies they represent to get you the right options.

Types of Group Health Insurance Policies

Like much of life today, there are several choices in the types of group health insurance options that are available in Riverhead. The first option is the HMO or Health Maintenance Organization. This option usually requires that plan participants pick a primary care physician as their main point of contact, and this physician needs to be within the plan’s network.

PPO is the next option for Jericho businesses and stands for Preferred Provider Organization. With this option, you are not required to choose a primary care physician and instead can go to whom you wish in-network. Out-of-network care is covered but at a much lower rate. EPO, or Exclusive Provider Organization, combines the features of in-network physicians with PPO (don’t have to pick one), but you may not have any coverage outside of your network.

And there are other options besides these for Long Island businesses, though they may be less popular for a variety of reasons. POS, or Point of Service, plans are one option, as are options that work with HSAs, or Health Savings Accounts. Again, speak with your Washwick agent to learn the best options for your situation.