subject: Group health insurance in Texas [print this page] Being an employer in Texas and looking for group health insurance plans for the employers is a stiff job. Sometimes, it takes hours to decide what types of plans should be offered to the employees, which could offer desired level of coverage to the employees and would be affordable for the business owner as well. Below are some activities that the business owner needs to do:
You need to install a health insurance plan and communicating it to the employees so that they can choose it
You need to assist the addition or deletion of employees in the plan
If the employees need to make claims, you need to assist in that or perhaps coordinate
If possible, you need to provide on-line access to company's entire insurance plans for easy access and monitoring
If the employees need to know about COBRA, you need to assist in that also
The options of providing health insurance to your employees could be explored with 19 carriers in Texas. As an employer, you need to know that major share of premium will be paid by you. For employees, this provision makes group health insurance as one of the most affordable health insurance options.
Consumer-Directed Group Health Plans
These plans have a consumer-directed approach. Examples of these types of plans would be:
Health Savings Account (HSA), which are like a bank account where an employee and the employer contribute tax-free income. This income, in future, can be used for almost any health-related cost.
Cafeteria Plans differ from HSA because in these plans the employees decide where their benefit dollars go. Employees may choose from medical, dental, vision, disability, accident, and term life insurance. Moreover, unlike HSA plans, contributed money can't be rolled over for the next year.
Comprehensive Group Health Plans
These plans offer more comprehensive options to the employees. Some examples would be:
Health Maintenance Organization (HMO), which remains one of the most affordable group health insurance options.
Preferred Provider Organization (PPO), which provides comprehensive health benefits from an extensive network of care providers.
Point of Service group plan (POS), which can be visualized as a combination of the HMO and PPO, and offers comprehensive health insurance options.
Group health insurance in Texas
By: Shaun Mike
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