No matter what business you are in, it is important to periodically review the employee benefits that you are offering your employees in Loveland, Greeley, Longmont, Fort Collins, Windsor, and the surrounding areas. You may find that it would alleviate issues and headaches by having a team like that at Volk Insurance Benefits handle your employee benefits management. We have been helping businesses just like yours for more than 30 years with insurance and other employee benefits. Contact us today to learn more and to see how we can help relieve some stress in your life.
Group Health Insurance Plans
A group health insurance plan is a key component of many employee benefits packages that employers provide for employees. The majority of Americans have group health insurance coverage through their employer or the employer of a family member. Today more than ever, offering insurance plans as part of the employee benefits package is a necessity, not a luxury. Solid employee benefits packages ensure that quality candidates will apply for open positions, as well as helping to keep those you currently have on the payroll.
Levels of Health Insurance Coverage
When you are reviewing the different group insurance options with our team at Volk Insurance Benefits, you will come across the different levels of insurance plans that are available. Each plan offered by the different insurance companies will likely have several levels of coverage. Our team can help explain all of the differences, but in general, the plan levels follow this scheme:
- The Platinum Plan – these plans are the most generous and also the most expensive option. These plans are designed to cover as much as 90% of eligible medical expenses.
- The Gold Plan – these plans are designed to cover up to 80% of eligible medical expenses.
- The Silver Plan – these plans are designed to cover up to 70% of eligible medical expenses.
- The Bronze Plan – these plans are designed to cover up to 60% of eligible medical expenses. As you might guess, these are the least expensive option of the bunch.
Further information and details can be discussed with our team. These are not easy decisions so it is very helpful to have someone who fully understands employee benefits, like group health insurance, to answer questions. Businesses all over Loveland, Greeley, Longmont, Fort Collins, Windsor, and the surrounding areas have trusted Volk Insurance Benefits for many years, and you can as well. Contact us today to get started with your employee benefits conversation.