Group Health Insurance
GROUP HEALTH INSURANCE
A group health insurance plan is a health insurance plan that provides coverage to members of a group that tends to be employees of a company or members of an organization. Members of the group usually receive insurance at a reduced cost because the insurer’s risk is spread across a group of policyholders.
More details on a group health insurance plan
For more info-https://www.investopedia.com/terms/g/group-health-insurance-plan.asp
Carriers Partners:
- Aetna- For more info-https://www.aetna.com/
- Assured Benefits Administrators (ABA/American National)- For more info-http://www.abadmin.com/
- Blue Cross Blue Shield of LA- For more info-https://www.bcbsla.com/
- Blue Cross Blue Shield of MS- For more info-https://www.bcbsms.com/
- Cigna- For more info- https://www.cigna.com/
- Companion Life- For more info-https://www.companionlife.com/
- Healthcare Highways- For more info-https://www.healthcarehighways.com
- Humana- For more info-https://www.humana.com/
- National General Benefits Solutions- For more info-https://ngicbenefits.com/
- Starmark- For more info-https://www.starmarkinc.com/home/
- UnitedHealth Care For more info- https://www.uhc.com/
Important Links:
- A.M. Best Rating- For more info- http://www.ambest.com/home/ratings.aspx
- Federal Marketplace (Exchange) Policies- For more info-https://www.healthcare.gov/
- LA Department of Insurance- For more info-https://www.ldi.la.gov/
- LA State Senate Insurance Committee- For more info-http://senate.la.gov/Insurance/
- LA House of Representatives Insurance Committee- For more info-http://house.louisiana.gov/H_Cmtes/Insurance.aspx
- MS Department of Insurance- For more info-http://www.mid.ms.gov/#&panel1-1
RELATED GROUP BENEFITS:
Flexible Spending Account (FSA or also known as a Section 125 Cafeteria Plan)
A flexible spending account (FSA) is a type of savings account available in the United States that provides the account holder with specific tax advantages. Set up by an employer for an employee, the account allows employees to contribute a portion of their regular earnings to pay for qualified expenses, such as medical expenses or dependent care expenses.
For more info- https://www.investopedia.com/terms/g/group-health-insurance-plan.asp
Health Savings Account (HSA)
A Health Savings Account (HSA) is a tax-advantaged account created for individuals who are covered under high-deductible health plans (HDHPs) to save for medical expenses that HDHPs do not cover. Contributions are made into the account by the individual or the individual’s employer and are limited to a maximum amount each year. The contributions are invested over time and can be used to pay for qualified medical expenses, which include most medical care such as dental, vision and over-the-counter drugs.
For more info-https://www.investopedia.com/terms/h/hsa.asp
Health Reimbursement Arrangement (HRA)
A health reimbursement account (HRA) is an employer-funded plan that reimburses employees for medical expenses not covered by company-sponsored insurance. Because the employer funds the plan, any distributions are considered tax deductible to the employer. Reimbursement dollars received by the employee are generally tax free. A health reimbursement account is also known as a “health reimbursement arrangement.”
For more info- https://www.investopedia.com/terms/h/hra.asp