If you are a Texas company looking for a group health insurance, you should expect the insurer to provide all these operations:
Installing the health insurance plan and communicating it to your employees
Assisting with the addition or deletion of employees in the plan
Assisting with claim problems that the employee or employers may have
Providing on-line access to your company's entire insurance plans for easy access and monitoring
Guiding you through continuation or COBRA concerns as needed by the employees
To be precise, there are 19 providers of small business/group health insurance in Texas. Because a major share of premium is paid by the employer, group health insurance is one of the most affordable health insurance plans in Texas. Though a lot of employers are rolling back these plans due to economic crisis, yet a lot of employees still depend on these plans.
Consumer-Directed Group Health Plans
Some examples of these group health insurance plans are:
Health Savings Account (HSA) plans are consumer-directed group health insurance plans. HAS is like a bank account where an employee and the employer contribute tax-free income to be used for almost any health-related cost.
Cafeteria Plans. This is a group health insurance plan in which your employees decide where their benefit dollars go. The options range from medical, dental, vision, disability, accident, and term life insurance. One major difference between an HSA and a cafeteria plan is that the money contributed toward benefits does not roll over — it has to be spent the same year it's deposited.
Comprehensive Group Health Plans
Some examples would be:
Health Maintenance Organization (HMO) is one of the most affordable group health insurance options available.
Preferred Provider Organization (PPO) provides comprehensive health benefits from an extensive network of care providers. In PPOs, unlike HMO, a consumer can go to a physician outside the network, but it will have higher costs.
Point of Service group plan (POS) is a combination of the HMO and PPO. A consumer can choose a primary care physician, but there would be no need to get a referral for specialist care.
