Health insurance talk can feel like another language. And even for those of us who are fluent in it, there’s still room for confusion! Read on for a crash course in translating health insurance lingo into language you can better understand.
First, there are the words associated with healthcare insurance costs.
Here are a few more words and acronyms that will help you understand and maximize your benefits while keeping costs in check:
This is a lot of words and letters! Still have questions? Call us at (855) 624-6463. Our Maine-based Member Services team is happy to help!
Providing competitive benefits to employees is a great way to attract and retain talent to run your business and health insurance is often the cornerstone of the benefits mix. However, the cost of providing health insurance to employees often seems beyond the budget of small group employers.
As you may have read in the news or in our recent blog, Maine’s small group and individual health insurance markets are merging. With this merger, health insurance premiums are expected to decline in the first year or two, which may open the door for small group employers to consider offering health insurance for their employees.
This article explores what you need to know as you work with your broker to consider health insurance coverage for your employees.