Helping an employer find the right group health insurance plan can be complicated. Simplify the process with our associates at IBRG. We provide access to group health insurance quotes, enrollment and application scrubbing services as well as dedicated sales teams. Give your clients the option to select a group insurance plan from the top carriers in the nation utilizing various group products, including:
- HMOs (Health Maintenance Organizations)
- PPOs (Preferred Provider Organizations)
- HDHPs (High-Deductible Health Plans)
What are the Most Common Types of Group Health Insurance Plans?
A traditional HMO offers comprehensive coverage through a network of doctors, hospitals, clinics, specialists and other care providers. When a participant selects an HMO, they must also select a Primary Care Physician (PCP), and will need to request referrals for all specialist doctor visits. These plans typically carry a higher premium price tag, and require co-payments for all doctor office visits.
A PPO offers the added flexibility of being able to select any doctor or specialist without the need for referrals. A traditional PPO offers in-network and out-of-network rates for all doctors, hospitals, clinics, specialists and other care providers. Premiums typically cost more than consumer-driven health care plan options, and participants will be responsible for meeting a deductible and paying co-insurance on services rendered.
High-deductible health plans are full coverage health plans that offer significant premium relief, in exchange for a higher deductible. These consumer-driven health care plans are available in conjunction with a tax-free Health Savings Account (HSA).