medical indemnity plans were originally designed as supplemental
insurance plans. However, when used alone they become low-cost
group health insurance plans. When combined with HRA or
Excess Medical coverage, they are extremely cost-effective
group plans for every level of employee.
rates on these plans have been constant for years!
If you have an organization where the majority of the employees
are minimum or low wage employees, the premiums for traditional
health insurance can sink your expansion efforts. Plus,
most of the employees cannot afford the group rates for
their families. These are group medical indemnity plans
with the features of a traditional group PPO plan.
As a standalone group plan, we can offer plans for as low
as $125 per employee. This includes prescriptions, well
visits, doctor fees and limited hospitalization ($1,000
per day). It even has PPO access and you don't have to pay
the doctor up front.
You can increase the benefits and still come in 30-40%
less than a regular group plan.
If you add excess medical you have removed all of the serious
limitations of this plan. It will still beat the heck out
of traditional group. Plus, it is not age or sex banded.
So, older employees won't bring your rates up. The rates
are the same for the entire state.
You can use limited versions of these plans to cover prescriptions
and doctor visits, use an HRA plan for other out of pocket
expenses. Then, attach an excess loss or very high deductible
group plan to cover catastrophic situations.
To lower your health insurance premiums you must get creative.
We are "benefit artists".
Please call us at 800-986-4786 for
more information about these and other Florida group health