Better Insurance Solutions is committed to helping business maximize its dollar for group health insurance, group benefits, and voluntary employee benefits
There are many benefits to ABC's health insurance plan:
* The average co-pay on Doctor visits under the PPO plans is $25 - $30.
* The unlimited Co-pays for Inpatient Services with Blue Cross 320 plans, i.e, $200 for days 1 thru 5, are completely eliminated.
* The Co-pays for Outpatient Services with Blue Cross320 , also $200, are also eliminated.
* The Co-pays with Blue Cross for the ER Room ($200), each ER Doctor ($50) and ER X-ray and lab work ($50) are also eliminated.
* The Plan Deductible is one's maximum out-of-pocket expense each year.
* The Co-pays for Prescription Drugs under PPOs plan are lower than Blue Cross.
* The Merit Choice plan has purchased access to the Aetnaand Multi-Plan networks thereby covering 95% of all physicians state-wide and all hospitals.
Per the recent Wall Street Journal articles , ABC's Merit Choice plan also provides members with the flexibility to offer HSA accounts to employees who desire them and traditional PPO plans as well.
In short, you can some employees on an HSA plan and others on a traditional PPO plan.
. In fact, 35% of all businesses are now extending that option to their employees.
The average savings with an HSA plan is 30% to 35%.
BETTER INSURANCE SOLUTIONS
SPECIALIZING IN HEALTH INSURANCE SOLUTIONS FOR THE DAY
A CATASTROPHIC ILLNESS OR INJURY OCCURS
Are you looking for a competitive quote for Group Health Insurance for your Business?
Our Mission Our Mission at Better Insurance Solutions is a simple one. We are committed to helping Alabama businesses and their employees maximize their insurance dollar. Our focus is group health insurance.
This could save thousands for both your company and the employees.
We understand that cutting your company’s group health insurance cost could save the average employee paying for family coverage $250 to $300 a month. We are consistently able to reduce a Blue Cross customer's healthcare costs by 15% to 20% -- and recently did so for the 35 to 40 Alabama businesses on the attached list which left Blue Cross for Starmark or Assurant Health. Assurant is endorsed by State Farmto its customers under a 10 year marketing alliance between those companies.
Starmarkis owned by Trustmark which has been used by the National Basketball Association (NBA), the National Hockey League (NHL) and endorsed by Fortune 500 company Paychex to its 200,000 payroll customers nationwide.
Is Your Group Health Plan Single Coverage or Family Coverage or, A Four-level Rate Plan? Our carriers use a four (4) level rate plan which has one rate for an employee, a second rate for an employee with a child, a third rate for an employee with just a spouse and a fourth rate for a traditional family.
The typical rates we see at random ages and genders is as follows:
BlueAssurantStarmark
CrossHealthInsurance (Group) (Group) (Group)
25 m Employee $405 $200 $200
33 f Employee-Child $1090 $430 $450
40 m/f Employee-Spouse $1090 $600 $650
48 Full Family $1090 $850 $875
To generate a quote, the age & sex of each employee and whether coverage is required for a spouse or child is needed.
Be sure to email this information to Quotes@BetterBenefitsinc.com.
Health Savings Accounts (HSA)Insurance Plans Consistently Save
30% to 40%
We have helped many customers with Health Savings Account (HSA) insurance plans.
Insurance Benefits for Employees
We have a similar passion to provide good insurance benefits for employees.
At times, that commitment leads us to recommend a competitor's product, or recommend that a customer remain with his present carrier.
We aim to provide sound guidance and insight in choosing a health insurance plan.
We also understand that businesses want their employees to prosper and have access to the best benefits available at a competitive price.
Those benefits often involve life insurance, critical illness insurance, short-term disability, long-term disability and hospital indemnity policies.
If you share the desire to provide better benefits for a better price, be sure to contact us for a review of your current plan and a free quote. To obtain a free quote for your business, please click here.
Be sure to become a regular reader of our blog.
The tips and insights on business health insurance could make a difference in the life of you and your employees.
The same is certainly true as life insurance, critical illness insurance, short-term disability, long term disability and the product made popular by the Aflac TV commercial..hospital indemnity.
"Helping Business Get Better Value for the Dollar" ----------------------------------------------------------------------- * Life * Health * Critical Illness * Disability
I enjoy helping companies and employees understand the benefits of group health insurance with an HSA insurance plan. Every company concerned about the cost of business health insurance should consider an HSA plan option.
The average employee on family coverage will save $3500 to $4000 in insurance premiums. The employee and his family, rather than the insurance company, can spend that money to cover routine office visits and prescriptions. The money under the Plan Deductible that is not spent belongs forever to the employee.
Many employers do not recognize they can have an HSA insurance plan and a PPO insurance plan. One does not have to choose one or the other.
There are many employees at your company who would prefer to manage the $3500 to $4000 savings that often results from an HSA plan rather than give that money to the insurance company to pay for routine office visits and prescriptions.
Give your employees the option to choose!
The $3500 to $4000 that is currently going to the insurance company can instead go into their HSA account. They would gladly prefer to pay for the average office visit of $100 from their own pocket via the HSA plan.
Why not allow your employees to choose?
A company like Starmarkwill allow some employees to be on an HSA and some to be on a PPO plan. Find out if your carrier will give you choice.
BETTER INSURANCE SOLUTIONS
HELPING YOU
GET BETTER BENEFITS
FOR A BETTER DOLLAR
Are you looking for a competitive quote for Health Insurance for your Business?
Our Mission at Better Insurance Solutions is a simple one.
We are committed to helping businesses and their employees maximize their insurance dollar.
Our focus is group health insurance.
We have a similar passion to provide good insurance benefits for employees.
At times, that commitment leads us to recommend a competitor's product, or recommend that a customer remain with his present carrier.
We aim to provide sound guidance and insight in choosing a health insurance plan.
We also understand that businesses want their employees to prosper and have access to the best benefits available at a competitive price.
Those benefits often involve life insurance, critical illness insurance, short-term disability, long-term disability and hospital indemnity policies.
If you share the desire to provide better benefits for a better price, be sure to contact us for a review of your current plan and a free quote.
To obtain a free quote for your business, please click here.
Be sure to become a regular reader of our blog.
The tips and insights on business health insurance could make a difference in the life of you and your employees.
The same is certainly true as life insurance, critical illness insurance, short-term disability, long term disability and the product made popular by the Aflac TV commercial..hospital indemnity.
Many employers looking for group health insurance overlook the option they could make available to those on Family Coverage with an HSA insurance plan. In a practical sense, this option gives most families nearly $4000 to spend on healthcare needs instead of allowing the insurance company to spend that money for them.
Each employee has the option to continue allowing the insurance company to spend $4000 or so in premiums to cover routine office visits. The second option is to allow the employee to keep that $4000 in a health savings account and spend those funds himself when a family member must see the doctor for a routine visit for a sore throat, fever or cold and pay any related prescriptions at negotiated rates.
Which option would you rather have?
Some carriers like Starmarkallow some employees to give that 'routine office visit' money to the insurance company to manage, and under the same plan allow other employees manage the premiums for 'routine office visits' themselves through an HSA account.
Those considering options for group health insurance for their business often miss the bottom line of health savings account insurance plans. There is around $4000 on the table each year to be spent on routine office visits and prescriptions.
At the present time, most families are giving this money to the insurance company each year without thinking twice about it. This is particularly true for those on a group health insurance plan at their job.
The details of how an HSA insurance plan operates often hides the bottom line for most families.
The bottom line for most families is that you have the option to spend roughly $4000 of insurance premiums each year instead of giving that option to the insurance company. That $4000 would go into your personal savings account to spend on office visits and prescriptions.
Stop and pause...do you want a fresh $4000 in your account each year to spend on any office visits or prescriptions?
Or, would you rather give that $4000 to the insurance company to cover the cost of your $100 dollar office visit and prescriptions?
If you would rather pay the doctor for your routine office visit yourself with this $4000, be sure to learn more about HSA accounts at HSAInsights.com.
Many individuals and small businesses could cut their health insurance cost by 25% or more with individual plans instead of a group health insurance plan. Unfortunately, they have been persuaded by the myth that Group health insurance plans offer better rates or better benefits. If your business is getting quotes for health insurance, be sure you understand the myth surrounding rates with group health insurance plans.
I was contacted by a small company with less than ten (10) employees where the employer offered to pay a flat amount, i.e., $250, toward the costs of health insurance for each employee. The employee I spoke to shared that she was on the Blue Cross 320 Plan at her previous employer.
Under her new employer's proposal, if the election is made to use the Blue Cross 320 Plan as most companies do in Alabama, she would pay $155 and the company would pay $250 of the Individual Rate of $405 for Group health and dental under the Blue Cross rates for $2010.
Should these employees go with a Group Plan or an Individual Plan? What factors should be considered? Would you be better off asking your employer to contribute a certain amount to your insurance and allowing you to pursue an individual plan?
If your business needs health insurance, or wants to cut its healthcare cost, be sure to understand the myth that group health quotes provide better rates and may not be better for you. Our latest blog entry with a few sample rates may surprise you.
Those getting quotes for group health insurance often make the mistake of assuming group plans are better than individual plans. In the debate over healthcare reform, one will notice that there is never an emphasis on securing a group plan for business insurance. In many instances, individual health insurance plans are better than group health insurance plans.
This is particularly true in companies with less than 50 employees where the average employee is under the age of 50. A few examples may be of benefit:
BCBSAssurant HealthStarmarkAssurant
(Group) (Group) (Group) (Individual)
25 m Employee $380 $225 $175 $150
33 f Employee-Child $973 $450 $425 $330
40 m/f Employee-Spouse $973 $700 $550 $395
48 Full Family $973 $875 $775 $705
Any reader of this blog knows this author is a fan of Starmark and its parent company, Trustmark, for business health insurance - and is equally a fan of Assurant Health, which is endorsed by State Farm to its customers.
Yet, sometimes, an individual health plan can provide the same benefits as a group health plan at a greatly lower cost.
One of the objectives of healthcare reform is to reduce the cost of health insurance by 10% to 15% each year for small businesses. For Alabama businesses, there is no need however to wait for the state exchanges under Healthcare reform for options to Blue Cross.
One can get those savings today by using the carriers which will be participating in the state exchanges now instead of in 2014.
We are typically are able to reduce a customer's healthcare costs by 15% to 20% -- and recently did so for the 35 to 40 Alabama businesses on the attached list which left Blue Cross for Starmark or Assurant Health.
The rates we typically see per the ages listed for a single employee, an employee with child, an employee with just a spouse or a full traditional family are as follows:
Blue Cross Starmark Assurant
25 m Employee $380 $200 $200
33 f Employee-Child $973 $450 $450
40 m/f Employee-Spouse $973 $600 $600
48 Full Family $973 $875 $875
To generate a quote for your group, we need the age & sex of each employee and whether coverage for a spouse or childis needed.
Please send this Census info to Quotes@BetterBenefitsInc.com. We will be in touch with you shortly.
Health Saving Account (HSA) plans are being considered for group health insurance for the first time by many. As you seek quotes on group health insurance, be sure to avoid the mistake of focusing on the
cost of the office visit co-pay. The more important focus is the cost of the office visit.
Why is the cost of the Office Visit, you may ask, so important to one's decision for small business insurance? The answer lies at the heart of why HSA insurance plans are beneficial for most small groups
and most employees.
Under HSA qualified insurance plans, one is billed the rate negotiated by the insurance company and the doctor's PPO network. The negotiated rate for a routine doctor visit is between $100 to $150 on average.
In smaller cities, and in rural and urban areas, the negotiated rate is $75 to $100. That is the cost of one's Office Visit. That is how much you would pay from your own pocket for a cold, sore throat, fever, sprained ankle and the like.
An HSA plan is often saving employees $1500 to $2000 a year in premiums. The savings for couples is routines $2500 to $4000 a year. The HSA plans requires one to cover the cost of the routine Office Visit
from one's own funds.
Here is what the HSA plan offers for the average single employee: $1800 in annual savings while spending $350 to $500 a year for routine office visits. A net savings of $1300 to $1500 a year on average.
As you shop for business health insurance, understand why Health Saving Account insurance plans benefit most of one's employees. For group health, consider business health insurance with Trustmarkand its arm for group health insurance for small business: Starmark. We also encourage consideration of a carrier endorsed by State Farm Insurance...Assurant Health. Assurant Health actually was one of the first carriers in the marketplace to embrace HSA insurance plans. Starmark's HSA plans are equally competitive and provide an equal financial incentive.