ATHENS, Pa. — In addition to the wide range of health plans available to employers (for more information on health plans, click here), there are other considerations to think about when designing a health insurance plan for your employees. A few of these topics are deductible levels, out of pocket maximums, prescription drug coverage, and provider networks:
- Deductibles can vary widely, from as little as $0 to several thousand dollars. The size of the deductible chosen directly affects the cost of the plan. Consider what you and your employees may be comfortable with.
- Out of pocket maximums are the most an individual will pay during the year for covered medical services. These too can vary greatly and directly affect the cost of the plan.
- For prescription drug coverage, you should consider what drugs are covered and which pharmacies participate in the plan.
- You should also consider provider networks. Some plans have networks with a very broad range of providers available, while others use a very limited set of providers. Does the plan cover medical care received from non-participating or out of network providers and what is the cost? Always make sure you know if your local provider, hospital, and pharmacy are part of the participating provider network.
Health insurance can be sometimes be confusing, frustrating and even expensive. These are just some of the parts of a health plan you should be thinking about. For more information or to discuss how each of these topics can affect health care costs, call the leaders in agricultural insurance – Agri-Services Agency, we’ve been insuring farmers and agri-businesses for 50 years. ASA works with some of the best insurance companies in the country, we can help design a health plan that meets the unique needs of your business. Your business has enough challenges, insurance shouldn’t be one of them! Give us a call today at 1-877-466-9089 or visit our website at www.agri-servicesagency.com for more information on what we can offer. You can also click here to fill out a form and request additional information.