Whether you’re searching for insurance for your own family, or you’re looking for a health insurance agency in Austin to help your business get covered, there are several tips to consider. Among the most important are the types of health plans offered, how much coverage you should choose, and the options available for routine issues such as annual exams.
Affordable care act (ACA) coverage in Texas
ACA coverage in Austin is available to residents through their employer or through the Health Insurance Marketplace. There are plans that vary in the amount patients pay for office visits and other out-of-pocket costs.
The Affordable Care Act requires all ACA health insurance plans to offer a set of standard benefits. The plan must cover a wide range of services, including prescription drugs, maternity care, and vaccinations. The law also caps the premiums paid by residents. Those with high incomes are required to pay at least 8.5% of their household income toward their premiums.
Another ACA feat is the requirement that all plans must cover 10 essential benefits. These include preventive care, such as vaccinations, and certain tests. However, the ACA also bars cost-sharing for preventive services.
Large group health insurance plans in Austin
Providing your employees with health insurance is a big business in the Lone Star State. Whether you are a startup or an established company, there are a number of reasons to offer employee benefits. Besides boosting employee productivity, providing employees with insurance can help you keep them happy and loyal.
The best way to find the right insurance plan is to shop around. There are several companies out there who offer affordable plans, such as Humana and Blue Cross Blue Shield. Some of these companies offer cheaper dental and vision coverage as well. Choosing the right insurance plan is important because it can impact your bottom line.
The most comprehensive and cost effective insurance coverage is offered through a level-funded health plan. The level-funded health plan pays for the majority of your employee’s healthcare costs. Depending on the size of your company, this may prove to be the most economical plan for you and your employees.
Small business health insurance in Texas
Whether you have just opened your business or are looking to renew your current coverage, there are many options for small business health insurance in Texas. A health insurance broker can help you navigate the insurance market to find the best plan for your needs. The licensed agents at eHealth can provide you with personalized recommendations, free quotes and guidance through the application process.
Small group health insurance plans are the most popular choice for businesses in Texas. This type of insurance requires an employer to pay a fixed premium for each employee. However, this option is not suitable for all situations.
Another small group health option is the Small Business Health Options Program, which allows employees to choose from a selection of plans. This type of coverage is administered by the Department of Health and Human Services.
Paying sick leave and vacation time
Whether you have an employer in Austin or elsewhere in the state, the city has passed an ordinance requiring employers to provide paid sick leave. The new law will take effect October 1, 2018, for employers with five or more employees. Those with fewer than five will be required to comply with the ordinance on October 1, 2020.
Paid sick time provides multiple benefits for employers and communities. In addition to providing more opportunities for workers to avoid hospitalization, the policy reduces the spread of illness in the workplace. It also helps parents take care of their children, especially those with chronic illnesses.
It is also more likely that workers with paid sick leave are able to seek preventive medical care and take other steps to keep their health in good shape. This includes having mammograms and endoscopies. It is especially important for women.
Mandating telehealth options for routine issues
Whether you’re looking to purchase a new policy or trying to find a new job, you’re likely looking for a low cost, high quality plan that will cover your family’s medical needs. It’s important to remember that while there are many health insurance companies to choose from, only a handful will have your best interests in mind. Those that do deserve your business. This is the reason why it pays to be informed and educated. The right policy can provide you with the peace of mind you’ve always wanted while allowing you to get the most out of your budget. Luckily, our health insurance experts are here to help. If you’re in the market for a new policy, please call us at (888) 824-9921.