Fee-for-service plans, also known as indemnity plans, are traditional insurance plans that give employees absolute freedom in choosing physicians and medical facilities. In return, insurance ... |
Major medical plans are a special type of fee-for-service plan. They are designed to provide protection against long-term chronic or catastrophic illness or ... |
Dental care can sometimes be purchased in addition to basic medical care, or it can be purchased as a separate policy from a separate provider. Generally, there are two dental plans available: an HMO ... |
Vision care plans are most often offered as an additional feature on HMO or PPO plans. However, they can be purchased separately as well. |
Archer Medical Savings Accounts (MSAs) are a variation of Flexible Spending Accounts (FSAs). Both MSAs and FSAs are similar to IRAs in the sense that each ... |
Once you've decided which benefits you want to offer, you must begin the process of talking with benefit providers. Trying to figure out who to contact can ... |
One way to find the most prominent and popular benefits providers is to ask other employers. This is just as easy as it sounds. Some places to do your informal survey could be: |
If you want to get plenty of information and competitive offers from vendors but don't want to spend a lot of time doing the legwork and analysis, hiring a consultant may be an option for you. ... |
Small businesses have a particularly hard time finding good, reasonably-priced insurance coverage. Often, insurance companies are not eager to insure small businesses because the risk pool is small ... |
One thing you can do to help expedite the process of getting quotes from insurance agents is to prepare what is known in the industry as a census. A census is a list of your employees and certain ... |
