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Orlando Florida Group Insurance Quote

Keeping good employees is a challenge for both large and small businesses. However, offering a robust benefits package that includes health insurance  is a good start.

Group medical insurance can be divided into two types: small group health insurance and large group health insurance plans. Whether you own a small business or employ more than 50 W2 employees, there are three key aspects to consider:

1) Offer several plans to your employees: Most insurance companies will provide at least two different group health plans for your employees; and some companies may provide up to four plans. The differences in coverage and price between the plans will allow your employees to select the most appropriate insurance plan for their needs and goals.

2) Shop your health plans yearly, rather than automatically renewing them: Group health insurance companies constantly compete for market share. As a result, rates fluctuate between companies. As your insurance agency, we will identify these rate trends and work with you to help you offer the best plans at the lowest costs.

3) Choose an insurance company with a network to local providers: Some insurance companies have a wider reach in the metro and rural areas, where as other companies contract with fewer providers in certain areas. To make sure your insurance plans will be useful to your employees, we will advise you on providers’ networks as part of your assessment of insurance plans.


We offer the following types of plans:

 

HMO

If you enrolled in a health maintenance organization (HMO), you may be required to have a primary care physician (PCP) manage your health care. To receive lab work or see a specialist, your PCP will have to write you a referral for an “in-network” provider. If you elect to see an “out-of-network” provider, an HMO may require you to pay out-of-pocket for most or all of your care.

PCPs may include internal medicine physicians, family physicians, gynecologists, and pediatricians for children. In network providers are physicians who are contracted to work with your particular insurance agency.

 

PPO

A preferred provider organization (PPO) is a network of “preferred” providers from which the insured can choose their physicians.

The primary differences between HMOs and PPOs is: with a PPO, you can direct your own health care, rather than having a PCP manage it, and therefore referrals are not obligatory to see specialists. Additionally, PPOs cover part of the cost of care administered by out-of-network providers.

 

POS

A point-of-service (POS) plan is a combination of HMO and PPO plans. You can elect to have your care managed by an in-network PCP , or you can see an out-of network provider and pay partial cost. You can choose to use HMO or PPO coverage at the time of service. With a POS, you have the flexibility to see physicians, regardless of their network status, while still receiving most insurance benefits.

 

HSA

A health savings account (HSA) is a distinct tax-deductible savings account that can only be used for medical expenses. Similar to a traditional IRA, it has been called a “Medical IRA” and a “Super IRA.”

HSAs work with high deductible health insurance policies to provide comprehensive health insurance coverage at the lowest overall cost. HSA funds are often used for smaller expenses and medical care not covered by insurance, such as vision, dental and alternative medicines.

 

Regardless of the type of your insurance, you should be aware the new insurance regulations for people with pre-existing conditions.

 

Pre-existing Conditions

One of the most commonly we asked questions we receive is, what about pre-existing conditions? Those with group health insurance cannot declined coverage for a pre-existing condition. There is a caveat: individuals who do not have insurance for more than 63 days, may be subject to a twelve month waiting period for pre-existing medical conditions to be covered. Insurance companies will want to see your most recent letter of credible coverage before making this determination.

If you are unsure whether group insurance is the best option for your company, we will be happy to discuss your situation and provide you several options, to help you make an informed decision.