Group Health & Life
PPO, HMO, Deductibles, Co-pays? Understanding group health insurance and which group health insurance plan would be best for your employees can be a challenge. Oak Creek Insurance Agency (a division of Landscape Contractors Insurance Services, Inc.) reviews your current health insurance and employee benefits needs and develops a strategic insurance plan. Showcasing creative plan designs from all the major health insurance carriers like Aetna, Anthem Blue Cross, Blue Shield, Cigna, Healthnet, Health Plan of Nevada, Humana, Kaiser Permanente, Pacificare and Sierra Health & Life.
Oak Creek's licensed agents will explain in detail the plan options and help you choose the most affordable group health insurance plan for you and your employees.
With group healthy insurance all employees who enroll are covered by a single policy. The premium for group insurance is based on number of employees enrolling, average age, average sex, SIC code and zip code.
California and Nevada, like most states, have state regulations that a small business with at least two W-2 employees may apply for "guaranteed" group health insurance coverage. This is the major advantage of group health insurance over individual or family insurance. Without "guaranteed" coverage employees would need to apply for individual health insurance and may be penalized with pre-existing conditions or declined coverage.
Companies looking for employee benefits will fall into one of three group classifications; small group (2–50 employees), mid-size group (50–200 employees), or large group (200+ employees). Each group is regulated by different state statutes and different underwriting rules.