Texas Group Health Insurance 800-272-0512

Texas Group Health Insurance Major Medical, Low-Cost Indemnity and Supplements Plans for Texas Businesses Group health insurance premiums in Texas have been going through the roof. Small employers have been forced to cut or entirely eliminate benefits. If you want to keep your rates down, you need to get creative. You need to look to the new types of plans that are appearing on the market. Any fool can give you a group quote from one of the major carriers. You will need someone who will combine supplemental plans, spending accounts and higher deductible plans to create a cost-effective solution without sacrificing benefits. We take a consultive approach to group benefits. Large corporations used to pay us huge fees for group health insurance expertise. We like to hear ourselves talk so much that we now offer our advice for free. Call us at 800-272-0512 and discuss your specific requirements. We also keep at least one fool on staff to give you standard quotes from the major carriers.

An Interesting Texas Group Health Insurance Alternative

Use a combination of individual and guaranteed issue plans to lower your group health insurance rates.

Premium Only Plan Section 125 + Individual Insurance + Group Insurance = Big Savings

Here is how it works.

Because individual health insurance is medically underwritten, it is much cheaper than guaranteed issue group health insurance. But, you have problems when switching to individual health insurance such as:

1. How do you legally make contributions to the health insurance premium?
2. Coverage for maternity and pre-exisitng conditions.
3. What about the employees who cannot qualify for individual health insurance?

We have found a way to solve all of these problems. I do not want to get into a full explanation on this site. But, I will outline it for you.

Let's use an employer who has 10 employees. This will work for any number. We are going to further assume that one employee has a pre-existing condition that requires group and another wants full maternity coverage found in group only.

Eight of the employees will obtain a high deductible HSA (Health Savings Account) plan with a $2500 deductible. The other two will use our group health insurance plan that does not have any participation requirements.

The individual plan can be list billed (a single bill for all the plans goes to the employer and is paid with a company check) and the employer will use after tax money from the employee to pay for the low cost plan. The group plan participants will also pay their plan from after tax money or, if they choose, the employer can use pre-tax money because it is group insurance.

Now, the employer, using the Premium Only Section 125 plan can make contributions to the HSA accounts or pay a portion of the group plan. So, he might want to contribute $100 a month for each employee. This will give the employee $1200 a year in their health savings accounts. Over time it will build and unless they have some extraordinary expenses, they will not have to reach into their pockets anymore.

The arrangement might go something like this:

The employee covers his or her first $500 of expenses from the HSA health plan. The next $2,000 are covered by the employer and then the plan kicks in. In most cases, the employer will never pay out anything beyond the employees share.

We can make this work a dozen different ways. The bottom line is that the employer has lowered their group health insurance costs by a wide margin.

Call me for details.

800-272-0512
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