Employer Group Health Plans - What Types Are There?

Tom Carolan
April 8, 2009 — 2,465 views  
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The most important thing most employers want to be able to offer to their employees is an employer group health plan.

Through these plans the employer can rest assured that his employees are well taken care. It also helps retain current employees since they are more likely to stay to keep the great benefits. Many people will take a lower paying job if the benefits are worth the lower pay.

Having affordable health care is one of the first things people ask about when they start a new job and for many, it can be the reason they accept a position with one company over another. Being able to offer comprehensive, and inexpensive, health care for your employees is a must have in the current economic situation.

Options Are The Key

For an employer group health plan to be truly effective and offer the most flexibility and option to your employees, having a number of plans to choose from is wise. Many health organizations will offer different types of plans to fit the budget as well as the medical needs of a person or family. They are broken down into three normal categories:

Part-Time or Hourly Employees

This type of plan is created to offer general and limited coverage options for essential services. They may also offer discounts on certain products or procedures. This type of insurance is good for non-salaried employees as they generally take less money out of each paycheck while still offering substantial services.

Full Time Employees

This plan is the more traditional or value focused plan for permanent employees who may or may not be on a salaried basis. They offer affordable, more comprehensive plans, which can be specially tailored to the employer's desires. The benefits packages can be customized as well and flexible spending accounts are offered to help offset unexpected and costly medical procedures.

Low Cost - High Deductible Plans

This plan is designed for employees who are more engaged in their health care needs. They normally feature a lower cost per month with a higher deductible. Normally people who don't go to the doctor often aside from normal check-ups prefer this type of plan. In this program, health care savings accounts are normally offered as a way to put money away in case an expensive procedure is needed.

There are also other options for employer group health plans, which may include any of the following and normally these options are added at additional expense to the employee:

* Prescriptions - Including pharmacy costs. * Mental Health - Dealing with psychiatrists and other mental health institutions. * Dental - This includes normal checks ups to dental surgery. They normally don't cover much for cosmetic options. * Vision - Normal checkups, discounts on glasses and contact lenses. * Alternative Health Care - Such as chiropractic treatments.

Employers normally help offset the cost of health care by contributing a percentage of the cost for each employee so, finding an employer group health plan that is affordable as well as comprehensive is important. Employer health plans can mean the difference between retaining valuable employees and losing them to someone with better benefits.

About the Author

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Tom Carolan