How Do You Put Together An Employee Copay Health Insurance Plan?
While most people think of HMOs when it comes to copay health insurance, PPO plans also fit into this category. Both require copays for each office visit or prescription. When you put together an employee copay plan, there are a few things you should keep in mind. Discuss health coverage with your current employees. Whether you are offering insurance for the first time or changing providers or plan types, you should find out what each employee wants. If you are switching plans, find out whether any employee has a doctor she “must” see. Shop on Business.com for a broker or agent to help you put together health insurance for your company (see Resources below). Unless you run a large company, you will usually get better rates through a broker than by contacting the insurance provider directly. The broker can also administer the plans, freeing you up from extra work. Decide whether you want to offer a PPO or HMO plan. A PPO lets an employee choose her own doctor, paying a copayment and pos
