Small Group Health Insurance in Maryland, District of Columbia and Virginia
Small Group Health Insurance Plans and SHOP ACA Compliant Exchange Health Insurance Plans for Small Business’s located in Maryland, District of Columbia and Virginia
The term Small Group(2-100) refers to the number of employees that you employ. Small Group is usually defined by the Insurance companies as Corporations or businesses that have more than 2 but less than 100 active employees. Other options include Dental and Vision as well as Indemnity plans. Most major providers add an additional Life and Disability policy option that can supplement the original plan. Also some carriers offer AD&D which is Accidental Death and Dismemberment Insurance to cover unexpected losses. As Business owners, there should also be a BUY-SELL Agreement in place as well as KEY Person Life Insurance. To help you navigate this complex strategy, and keep your bottom line in the black, Comrade Financial Group can customize a Group Plan that best suits your business. Plans that available are:
Group Health Insurance POS (Point of Service Plan) Plans
A managed care plan that combines the benefits of an HMO and PPO. Like an HMO, POS plans require members to choose a PCP. Like a PPO, they provide coverage with any IN or OUT of network healthcare providers.
Group Health Insurance HMO (Health Maintenance Organization) Plans
A managed care plan in which its members must recieve care for the network of doctors, hospitals, and other care providers. They must choose a Primary Care Physician (PCP) from the network to be the first line of defense, and to provide referrals to specialist care.
Group Health Insurance PPO (Preferred Provider Organizations) Plans
A managed care plan in which its members have insurance coverage with IN and OUT of network doctors, hospitals, and other health care providers.
HDHP (High Deductible Health Plan)
Plans with deductibles of at least $1,100 for individuals, $2,200 for families. Enrollment makes you eligible to open a Health Savings Account.
HSA (Health Savings Account)
A bank account where TAX-FREE income can be saved for health care expenses. Each year unused funds grow with interest.
Group rates and quotes from all brokers are the same. Choosing a Broker and working with a knowledgable broker that can help customize a benefit package to best suit the needs of your company are my main priority. There are many factors that determine where and how you apply either through an exchange with SHOP plans or Off Exchange directly through a broker and carrier.
If your company has an existing Group plan and have just received a rate increase but are unhappy with your current broker or what to explore other options. We would be happy to help you. Each company that provides quotes and rates for plans offered in your state may vary depending on the level of benefits and personal liability the employee is willing to assume under the health insurance or other insurance product. Platinum level plans are offered on and off exchange all the way through to the Bronze level. Something else to consider is the employee contribution as well as the company contribution amount.
The amount of work from quotes, plan choice, applications and enrollment are very time consuming, however Comrade Financial Group does not charge a consultation charge like other area agencies. We do however ask that you work with us in completing the multiple tasks and steps from plan choice, administration and enrollment. For rates and quotes please submit your Group Census to Jack@ComradeFinancialGroup.com
Please fill out this short company census contact form for more information. If your business is a family run business and meet the requirements we would be happy to show you Group and Family quotes on and off exchange to see what best fits your needs.