What are Mini Med Health Plans?
We’re all familiar with the Health Savings Accounts that have been all over the news lately as the government pushes to expand on consumer-driven health care. But there is another option for those that are interested. Its called limited health benefits or a mini-health plan. These lower cost plans can provide an opportunity for employers, especially small to medium sized business owners to offer health insurance plans to their workers. These plans provide coverage to full-time, part-time, entry-level and seasonal employees and any other employee who cannot afford or are not eligible for the employer’s traditional major medical plan. It also provides coverage for employees of companies that are unable to provide major medical coverage but want to provide some health insurance coverage and security for their employees.
