HEALTH

CARE

OPTIONS

Small Business Owners are faced with FOUR (4) separate options when considering Health Insurance for themselves and their employees.

HMO’s  - primarily offers access to a controlled network of doctors, and restricts treatment by forcing plan participants to seek approval from their primary care physician before seeing a specialist in the network.

PPO’s - is another option where the Preferred Provider organization (PPO) will allow participants to see any doctor they like within the PPO network, without referral, but often at a higher cost to the patients.

POS  - point-of-service health plans generally cost less for routine services and allows participants to stray outside the network for specialized care.   This usually has a co-pay and is more expensive.

DHP  - a Deductible Health Plan is the least costly of all programs available for the Employer, but more expensive for the insured’s under the plan.  First dollar deductible plans require more up-front costs to insured’s, HOWEVER, if coordinated with a TAX-FREE Health Savings Account, which can pay all of the deductible costs plus pay other medical and dental care not otherwise covered by the basic Health Care Plan, may be actually less of an expense.  The deductible is usually only $1,000 annually per person and $2,000 per family.                                     

* See HSA separate information sheet.                                                                                                                                                                                                                                                         

F. Darrell Lindsey

U. S. State Licensed Agent/Broker