Mini Med Health Isurance — Mini Answer. BIG problem.
- Posted by admin on August 24th, 2007 filed in Business Health Insurance
Mini Med Health Plans vs. Major Medical Health Plans
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Surveys show that hundreds of thousands of employees face getting “priced” out of group health insuance benefits in the US. This isn’t from us, but from surveys done by payroll and benefits management companies. Every year, health benefits rise, and more and more businesses are struggling to pay a share, and possibly, passing more costs onto employees, OR they are eliminating group health benefits alltogether.
However, business knows that employees expect group health insurance, and when they do not offer it, employees may move on or accept another job offer. Sometimes a mini-med plan, with a premium of about half of traditional major medical insurance, can be used to provide basic health benefits without straining business and employee budgets.
Since mini med plans have much lower limits on benefits than major medical, adding a supplemental health or accident insurance policy can provide fairly comprehensive coverage for much lower premiums. In a perfect, world, I would want everyody to be able to have a great group major medical insurance policy, but in this world, a mini-med plan may have to fill the gap!
Does Your Small Business Need Group Health Insurance
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August 24th, 2007 at 12:50 pm
[...] Med Health Insurance Plans I found an article in BusinessInsuranceStore.com on Mini Med Health Plans and the general impact of high health insurance benefit premiums on business today. Of course, I [...]
June 20th, 2008 at 12:16 pm
[...] a hospital may end up costing $30,000, and a $2,000 a day benefit will not meet that. The article Mini Med Health Insurance has one solution to this problem. They suggest buying a supplemental critial illness and accident or [...]
June 21st, 2008 at 11:28 pm
[...] Mini Med Insurance - It may be easier to qualify for a mini-med plan then a major medical plan, but will it provide good coverage for you? [...]