Group Health Insurance
Many people are fortunate to have an excellent health insurance plan available through their employer. However, finding affordable group health insurance can be difficult without a group health insurance broker. Many employers can benefit from the expertise and knowledge of the insurance experts at Insurance Care Direct.
Types of Group Health Insurance
Group health insurance plans offered by employers generally fall into three categories: true group, HSA (health savings account) and list bill plans. True group means that the plan accepts all employees with all health conditions, is generally a major medical plan with high levels of medical coverage, and the employer pays for all or part of the premiums, which are higher than individual plans because of the acceptance of pre-existing conditions and the high level of protection. An HSA is a health savings account, which in this case is set up by an employer (an individual may do so as well), using pretax dollars. This means that a portion of a persons income is put into an investment account tax-free. This money is used to cover a high deductible and other out-of-pocket expenses incurred with their health insurance plan. A list bill is when an employer agrees to pay for the entire cost of an employee insurance plan, but may or may not want to incur the higher expense of true group insurance. With a simple list bill plan each employee would sign up individually at the lower rates but the employer still pays the entire premium. An employer may also choose the list bill method of payment with a true group plan as well.
Choosing group health insurance can be difficult, and its best to consult with a group health insurance broker that is knowledgeable in these types of medical plans.
Insurance Care Direct: Qualified, Licensed Insurance Brokers
Insurance Care Direct is your one stop choice for all of your group health insurance needs. If you are looking for affordable group health insurance, get an instant group health insurance quote today. Then one of our qualified, licensed brokers will painlessly walk you through the process of protecting your valued employees and will help you set up the appropriate group plan, whether a true group, HSA or simple list bill.
Student Insurance
Although college students have always had health insurance policies available to them, more and more states and colleges themselves are now making such coverage mandatory. Such insurance is quite affordable with individual premiums running around $1000 per year, while deductibles are nominal, perhaps $250-500 per year. Student health insurance, offered by Insurance Care Direct, is designed to provide basic protection for day-to-day sickness and injuries which may occur after the policy’s effective date. Routine examinations are usually not covered and pre-existing conditions normally have a six month waiting period before they are covered. Acceptance is guaranteed for qualified students taking a minimum number of credits. Vision and dental services may or may not be included, although prescriptions are covered and most often on a tiered system with annual limits usually around $1000.
Student insurance does not cover elective or cosmetic medical procedures. When medical services are rendered at the SHC (student health center) deductibles are usually waived and the costs are often covered 100%. Some medical services such as annual pap smears, annual physicals, required immunizations, and HPV vaccines are sometimes mandated to be provided at the SHC. Student health insurance is generally considered to have the advantages of a large group plan without the usual high cost large group insurance requires.
Many intercollegiate athletes will opt for an additional sports benefit package with specific coverage for injuries incurred while participating in such activities. Such additional benefits cost about $300-500 extra per year and have separate deductibles. Exclusions for sports coverage typically include heat exhaustion, hernia and appliances such as crutches. Student health insurance, offered by Insurance Care Direct, is affordable and offers good protection, but it is important to know that the limits of coverage are considerably lower than with traditional major medical. Student plans typically have policy limits of $100,000-500,000 while individual major medical plans usually have $1,000,000-5,000,000 limits. Insurance Care Direct intends to aggressively enter the student health insurance market within the next few months as its home state of Florida is among the first to make such coverage mandatory.
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