Any good employer knows the importance of having a competitive benefits package to offer their employees. As health insurance costs continue to rise, many businesses are rethinking their health insurance plans. There are two primary types of plans to consider— fully-insured plans and self-funded plans, and understanding how both of these health plans work can help your company immensely. So, what’s the difference between a fully-insured and self-insured health plan? Let’s take a look! Fully-Insured Health Plan A fully-insured health plan is the more traditional way to structure an employer-sponsored health plan. As the employer you often feel less of the effects of rising medical

It’s good to have choices when it comes to health insurance that way you can find one that best suits you as an individual or you and your family. While there are a variety of health plan options to choose from, the most common plan types are an HMO, PPO, HDHP and EPO. Generally speaking, the difference in most health plans includes the size of the plan network, the ability to see specialists, the plan costs and the coverage for out-of-network services. Let’s take a closer look at each plan type to see how they’re alike, how they differ, and how you can choose the

Selecting a health insurance plan for your employees is no easy feat. Depending on the size or demographic of your business, there could be a variety of specific benefits or providers your employees desire from their health insurance plan. It’s important to note that this is not a decision that should be taken lightly. A new survey shows that *56 percent of U.S. adults with employer-sponsored health benefits said that whether or not they like their health coverage is a key factor in deciding to stay at their current job. Furthermore, 46 percent said health insurance was either the deciding factor or a positive influence