Group Health Insurance in Texas

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Group Health Insurance

Building a successful business is enough hard work, without the added headache of finding affordable, quality health insurance.

If you have a Group Health Insurance plan for your employees but you haven’t talked with our Group Health Experts at Pasadena Insurance, you may be paying too much money.

Whether you're just starting out or own a small business with multiple employees, you're going to need help finding and securing health coverage.

Who Needs a Group Health Plan?

oing into business for yourself can be a bit of a gamble. But not insuring yourself, family, or employees only raises the stakes. The two groups who should be most interested in a group health plan are:

  • Self-employed persons who often think health insurance is an unaffordable luxury
  • Small business owners who know employer-sponsored health insurance is one benefit workers truly value

Health insurance helps protect your finances in the following ways:

  • Discounted rates for medical care. Insurance companies negotiate rates with health care providers. Without that feature, even the cost of a regular checkup or office visit can be twice as high
  • Spares you unexpected medical costs. Bankruptcy, due to hospitalization over an unforeseen injury, happens more often than you’d think
  • Protects your ability to work. If you don’t have your health, it isn’t possible to work
  • Improves access to quality care. With a group health insurance plan, you gain access to a broader network of health care providers than you would have, otherwise
  • Encourages a healthier lifestyle with regular checkups and preventive care that won’t cost you too much and are likely included in your policy.
  • Shields your business from personal medical costs. Unexpected personal medical expenses can impact your personal liability for medical costs. Health insurance can help you keep your business protected
  • Hire and retain great workers. Employer-sponsored group health insurance coverage is a valuable inducement to top talent, as well as an important consideration in complete compensation packages
What Kind of Health Plans Are Available to Business Owners?

What Kind of Health Plans Are Available to Business Owners?

There are two primary categories of health insurance for small business owners and self-employed persons to choose from:

  • Individual and Family Plans purchased by individuals to cover themselves or their families
  • Small Business/Group Plans that are employer-sponsored health coverage

After that, there are more plan options to choose from:

Preferred Provider Organization (PPO) plans are the most popular for individuals and families. It’s your responsibility to make sure that the health care providers you visit participate in the PPO. A PPO plan may be right for you, if:

  • Your doctor already participates in the PPO
  • You want to direct your own health care and can work with the predetermined preferred provider list

Health Maintenance Organization (HMO) plans offer health care services through a network of providers who contract exclusively with the HMO or who agree to provide services to members. An HMO plan may be right for you if:

  • You’re willing to coordinate your care through a primary care physician and follow the rest of the HMO guidelines
  • You enjoy preventive care, such as coverage for checkups, immunizations, and similar services

Health Savings Accounts (HSA) eligible plans are usually PPO plans with higher deductibles, designed for use with HSAs. Similar to a flexible spending account (FSA) or 401(k), an HSA is a special bank account, which allows participants to save pre-tax money, specifically for future medical expenses. An HSA-eligible plan may be right for you if:

  • You want to pay for health care expenses with pre-tax dollars
  • You’re relatively healthy and don’t need lots of care or doctor visits
  • You prefer a cheaper monthly premium, even if it means having a higher deductible
  • You want to “roll over” your contributions each year

Indemnity plans allow members to direct their own health, visiting any doctor or hospital they like most. Because of this freedom, Indemnity plans are sometimes more expensive than other types of plans. An Indemnity plan may be right for you, if:

  • You want the greatest level of freedom possible in choosing which doctors or hospitals to visit
  • You don’t mind coordinating the billing and reimbursement of your claims, yourself

Well Designed Group Health Insurance

To maintain employee productivity at a high level, a well designed plan is an important ingredient. Our insurance professionals at PIAI Life, Inc. will access the multiple insurance companies we represent to provide the perfect benefit package for your company.

Many benefit plans are available and we tailor the plans to meet your employee’s needs, whether employer paid or voluntary options. We assist you in providing coverage for the catastrophic medical condition to the day to day things like prescription medications and preventive care.

Don’t wait another minute to take care of this vital issue…Complete the Free Quote Request Form on this page, today. We will contact you when we receive it to begin a no-obligation consultation about your group health insurance needs.

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