Call Us Today! (866) 639-1662
Alderette Insurance Agency, Inc.
Call Us Today! (866) 639-1662
Fully-Insured Plans
Fully-insured plans are one of the more traditional types of health insurance. These plans involve an insurance company taking on the risks of health care costs and charging a business an annual premium which is partially paid for by the employees.
Self-Funded Plans
Self-funded plans involve the employer assuming the financial risk of health care costs. Contributions by the employer and employees create a claims fund to pay medical costs. These plans are typically administered by a Third Part Administrator (TPA). Self-funded plans can often lead to more affordable rates and more control over a plan. Large employers with thousands of employees have been known to provide this type of coverage. However, small and medium sized groups can also take advantage of self-funded strategies.
Level-Funded Plans
Level-funded plans look similar to fully-insured plans except that premiums are based on a monthly rate. Insurance carriers will use census information to determine the monthly premium. The premium is based on factors like claim allowances, fees and stop-loss coverage premiums (i.e. “reinsurance”). The carrier will adjust the monthly premium annually based on medical claims that the group has experienced.
Small Business Health Options Program (SHOP)
SHOP was created by the Affordable Care Act and is a way for small businesses to shop for group health insurance. SHOP applies to companies with up to 50 Full-Time Equivalent employees. Eligible employers can choose coverage options for their employees. You can offer a single plan or let your employees choose from multiple options. Your business can choose how much you pay toward your employees’ premiums and whether to offer coverage to their dependents or not.
You may also qualify for a tax credit that could be worth up to 50% of the costs you pay for your employees' premiums. To qualify for the tax credit, all of the following must apply:
To speak with a group insurance specialist, call us now at (866) 639-1662 or click here to get a free quote.
Fully-Insured Plans
Fully-insured plans are one of the more traditional types of health insurance. These plans involve an insurance company taking on the risks of health care costs and charging a business an annual premium which is partially paid for by the employees.
Self-Funded Plans
Self-funded plans involve the employer assuming the financial risk of health care costs. Contributions by the employer and employees create a claims fund to pay medical costs. These plans are typically administered by a Third Part Administrator (TPA). Self-funded plans can often lead to more affordable rates and more control over a plan. Large employers with thousands of employees have been known to provide this type of coverage. However, small and medium sized groups can also take advantage of self-funded strategies.
Level-Funded Plans
Level-funded plans look similar to fully-insured plans except that premiums are based on a monthly rate. Insurance carriers will use census information to determine the monthly premium. The premium is based on factors like claim allowances, fees and stop-loss coverage premiums (i.e. “reinsurance”). The carrier will adjust the monthly premium annually based on medical claims that the group has experienced.
Small Business Health Options Program (SHOP)
SHOP was created by the Affordable Care Act and is a way for small businesses to shop for group health insurance. SHOP applies to companies with up to 50 Full-Time Equivalent employees. Eligible employers can choose coverage options for their employees. You can offer a single plan or let your employees choose from multiple options. Your business can choose how much you pay toward your employees’ premiums and whether to offer coverage to their dependents or not.
You may also qualify for a tax credit that could be worth up to 50% of the costs you pay for your employees' premiums. To qualify for the tax credit, all of the following must apply:
To speak with a group insurance specialist, call us now at (866) 639-1662 or tap here to get a free quote.
Fully-Insured Plans
Fully-insured plans are one of the more traditional types of health insurance. These plans involve an insurance company taking on the risks of health care costs and charging a business an annual premium which is partially paid for by the employees.
Self-Funded Plans
Self-funded plans involve the employer assuming the financial risk of health care costs. Contributions by the employer and employees create a claims fund to pay medical costs. These plans are typically administered by a Third Part Administrator (TPA). Self-funded plans can often lead to more affordable rates and more control over a plan. Large employers with thousands of employees have been known to provide this type of coverage. However, small and medium sized groups can also take advantage of self-funded strategies.
Level-Funded Plans
Level-funded plans look similar to fully-insured plans except that premiums are based on a monthly rate. Insurance carriers will use census information to determine the monthly premium. The premium is based on factors like claim allowances, fees and stop-loss coverage premiums (i.e. “reinsurance”). The carrier will adjust the monthly premium annually based on medical claims that the group has experienced.
Small Business Health Options Program (SHOP)
SHOP was created by the Affordable Care Act and is a way for small businesses to shop for group health insurance. SHOP applies to companies with up to 50 Full-Time Equivalent employees. Eligible employers can choose coverage options for their employees. You can offer a single plan or let your employees choose from multiple options. Your business can choose how much you pay toward your employees’ premiums and whether to offer coverage to their dependents or not.
You may also qualify for a tax credit that could be worth up to 50% of the costs you pay for your employees' premiums. To qualify for the tax credit, all of the following must apply:
To speak with a group insurance specialist, call us now at (866) 639-1662 or tap here to get a free quote.
By using this site, you acknowledge that you have read and agree to the Terms of Service and Privacy Policy. Please read our privacy policy carefully to get a clear understanding of how we collect, use, protect or otherwise handle your Personally Identifiable Information in accordance with our website. Alderetteinsurance.com is privately owned and operated by Alderette Insurance Agency, Inc. Submission of your information constitutes permission for an agent to contact you with additional information about the cost and coverage details of health plans. Possible options include, but are not limited to Major Medical Plans, Short Term Plans, Dental Plans, Vision Plans, and more. Descriptions are for informational purposes only and subject to change. Insurance plans may not be available in all states. For a complete description, please call 1-866-639-1662 to determine eligibility and to request a copy of the applicable policy. Alderetteinsurance.com is not affiliated with or endorsed by the United States government or the federal Medicare program. We do not offer every Medicare plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE (TTY users should call 1-877-486-2048) 24 hours a day/7 days a week to get information on all of your options. Our company complies with applicable state laws and federal civil rights laws and does not discriminate, exclude people, or treat them differently on the basis of race, color, national origin, ethnic group identification, medical condition, genetic information, ancestry, religion, sex, marital status, gender, gender identity, sexual orientation, age, mental disability, or physical disability.
By using this site, you acknowledge that you have read and agree to the Terms of Service and Privacy Policy. Please read our privacy policy carefully to get a clear understanding of how we collect, use, protect or otherwise handle your Personally Identifiable Information in accordance with our website. Alderetteinsurance.com is privately owned and operated by Alderette Insurance Agency, Inc. Submission of your information constitutes permission for an agent to contact you with additional information about the cost and coverage details of health plans. Possible options include, but are not limited to Major Medical Plans, Short Term Plans, Dental Plans, Vision Plans, and more. Descriptions are for informational purposes only and subject to change. Insurance plans may not be available in all states. For a complete description, please call 1-866-639-1662 to determine eligibility and to request a copy of the applicable policy. Alderetteinsurance.com is not affiliated with or endorsed by the United States government or the federal Medicare program. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE (TTY users should call 1-877-486-2048) 24 hours a day/7 days a week to get information on all of your options. Our company complies with applicable state laws and federal civil rights laws and does not discriminate, exclude people, or treat them differently on the basis of race, color, national origin, ethnic group identification, medical condition, genetic information, ancestry, religion, sex, marital status, gender, gender identity, sexual orientation, age, mental disability, or physical disability.
By using this site, you acknowledge that you have read and agree to the Terms of Service and Privacy Policy. Please read our privacy policy carefully to get a clear understanding of how we collect, use, protect or otherwise handle your Personally Identifiable Information in accordance with our website. Alderetteinsurance.com is privately owned and operated by Alderette Insurance Agency, Inc. Submission of your information constitutes permission for an agent to contact you with additional information about the cost and coverage details of health plans. Possible options include, but are not limited to Major Medical Plans, Short Term Plans, Dental Plans, Vision Plans, and more. Descriptions are for informational purposes only and subject to change. Insurance plans may not be available in all states. For a complete description, please call 1-866-639-1662 to determine eligibility and to request a copy of the applicable policy. Alderetteinsurance.com is not affiliated with or endorsed by the United States government or the federal Medicare program. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE (TTY users should call 1-877-486-2048) 24 hours a day/7 days a week to get information on all of your options. Our company complies with applicable state laws and federal civil rights laws and does not discriminate, exclude people, or treat them differently on the basis of race, color, national origin, ethnic group identification, medical condition, genetic information, ancestry, religion, sex, marital status, gender, gender identity, sexual orientation, age, mental disability, or physical disability.