Group Health Insurance Plans and Employee Benefits Packages
Serving Oregon and the communities of:
Portland, Lake Oswego, Sherwood, Clackamas, Hillsboro, Forest Grove, West Linn, Troutedale, Aloha, Kaiser, Sandy, Banks,Salem, Gresham, Beaverton, Corvallis, Tigard, Milwaukie, Boring, Oregon City, Wilsonvile, Newberg, Dallas, Hood River, Estacada, McMinnville, Woodburn, and surrounding cities.
Employee benefits are something that most businesses must manage no matter where you live. While they are an important, few employers have the time and resources to sit down and properly manage them. Montgomery & Graham understands this and has dedicated itself to innovative employee benefits planning.
Montgomery & Graham's innovative insurance strategies included:
- Health Reimbursement Arrangements (HRAs)
- Self-Funding Healthcare Plans
- Health Savings Account Administration
- Employee Wellbeing and Corporate Wellness Packages
- Risk Management
- Auto & Home Insurance
- GPS Fleet Management
- Individual & Family Healthcare Insurance
Group Healthcare Options
For group health insurance, there are two categories: large group insurance and small group insurance. The category of insurance is determined by the number of employees in the company. A company with less than 50 employees is considered small group insurance. A company with more than 50 employees would be considered large group insurance. The rates are different for large group insurance and small group insurance, as are the requirements.
Why should an employer choose group health insurance? One reason is that a good employee benefits package helps to attract and retain employees. If an employee has an opportunity to work at two different companies offering the same pay, but one of the companies provides better employee benefits packing, the employee may choose to work for the company with the better employee benefits package.
Corporate wellness programs have become very popular in recent years. Companies across the world are realising the importance of employee wellbeing. Happier employees are more productive and healthier employees are happier. Health, joy and productivity are all interlinked. Hence, the benefits of workplace wellness programs are quite obvious.
"What is Coinsurance?", "What is an EOB?", "What is a PPO?" Confused about common health insurance benefits terms? These FAQs cover the basics to take the mystery out of coverage terms
As an employer, you want employees to understand and appreciate the substantial value of their benefits. It is important that employees understand their benefits when they are enrolling to ensure they make the best choice for themselves, their family, their lifestyle and their budget.
What is Health maintenance organization (HMO)? Or how about Preferred provider organization (PPO)? This article defines managed care and several other terms related to medical insurance.