Large Group Health Insurance Plans

Today’s marketplace has many competing insurance companies. The pool of customers is finite, so competition is active in the market.

The Affordable Care Act (ACA) changed the way many individuals approach health plan. Whether it helped the uninsured find health insurance or changed the way an existing group health plan function, the ACA changed the insurance market.

The demand for proper health insurance is rising for many reasons: 

  • Federal and select state laws require accessible and affordable health plan for all.
  • Younger generations are starting to seek health insurance for their family members.
  • Healthcare costs are on the rise across most states due to covid risk and other factors.
  • Established health plan providers are always on the lookout for new customers to remain in business.

But individual insurance plans are often not affordable with high premiums. 

And for individuals with preexisting conditions, finding an affordable insurance plan is near impossible.

Many insurance providers have started offering cheap plans through the state and federal exchanges as required by the ACA. These insurance plans are not sustainable at competitive rates, so these companies end up withdrawing from the exchanges or raising their premiums.

This leaves many Americans without adequate purchase coverage for their ongoing needs and potential medical issues.

Established insurance providers are not always reliable over the long-term. As an employer, you are looking to set up a large group health insurance plan that your employees can rely on.

Offering Large Group Health Insurance Plans In All 50 States

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Why You Should Work With Taylor Benefits Insurance

The best option today is to get help from an independent agency like Taylor Benefits Insurance. We can help you build a group health plan that suits your employee health coverage needs, including things like:

  • Access to essential healthcare and health maintenance services.
  • Affordable monthly premiums that will keep your insurance costs down.
  • Fully insured plans for employees and medical insurance coverage for major risk procedures.
  • Coverage for dental, vision, and prescription drugs for employees.

Our goal is to reduce your out of pocket costs by working with you to build the right group health plan. We know that insurance isn’t one-size-fits-all. That’s why we take the time to get it right for small group market and large group market.

What Is a Large Group Health Insurance Plan?

A large group health insurance plan is an insurance plan that covers a group of over 50 employees for large businesses or small.

There is no legal maximum number of group employees when it comes to large group health plans. Whether you run a local business, or you run a Fortune 500 firm, you can find group health insurance that will cover your employees.

Recipients of insurance with specific health care and risk needs may prefer an individual insurance plan to be tailored to their needs.

But keep this in mind.

Group health insurance plans are easy to work with and provide coverage for all employees. Every employee covered by the policy receives the same benefits package, so employees enrollment is quick and efficient.

You don’t have to worry about getting denied subsidized coverage because your employee has a specific condition.

Large group health plan is the best option if you are running a large business with at least 50 employees. A large group coverage plan is a good deal and provides insurance at lower costs down by providing you with a bulk discount for your large group health plan.

Another great use for a large group health insurance plan is for student health insurance. Group health plan is ideally suited to large groups of individuals that can’t afford individual health insurance. Employee and student health care is best taken care of with a group health insurance plan.

Do you have questions about large group health plans and what Taylor Benefits Insurance can do for you?

We can help you find the right group insurance plan

Get in touch with us today

What Types of Large Group Health Insurance Plans Exist?

There are several types of large group health plans that you can choose from. Each of them have unique pros and cons based on the coverage and resources you require for you and your employees.

The Most Popular Plans

  • Fully-Insured Plans: This is the traditional group health plan option that is risk-free for both large employers and small employers. Fully-insured plans offer full coverage for a minimum value annual premium. Premiums cost in this place are partially shared with your employees. Premiums are calculated by looking at factors like the size of the large employer group, average age of employees, claim’s history, type of business work, and what employee coverage and add-ons are needed.
  • Self-Funded Plans: Self-funded plans place the burden of risk on the employer. Large employers charge premiums from their employees, pool the money, and use it to cover medical costs as they occur. They do not purchase coverage for group health plans.
  • Level-Funded Plans: This plan includes paying set rates based on census data for your group. Payments are made monthly, and rates are adjusted at the end of the year based on group performance.
  • Health Maintenance Organization (HMO): An HMO requires large group members to pay monthly premiums for medical services. However, employees will only have access to a specific in network care of healthcare providers and facilities. Receiving care out of network can result in significant extra costs for the individual employee.
  • Preferred Provider Organization (PPO): A PPO plan functions much like an HMO, but members are able to use healthcare services outside of their in network care hospitals. Out of network visits will require a higher co-pay from employees.
  • High-Deductible Health Plan with a Savings Option (HDHD/SO): The HDHD/SO is a flexible and accessible group health plan option that provides health plan for a lower monthly cost. Employees will pay for medical expenses out of pocket and get a portion of them reimbursed by the company. Members can also pay into a savings account (tax free) and use this pool of money to pay for health costs.

How Does Group Health Insurance Work?

Group health plan provides a streamlined way to link all of your employees with the same benefits and offer coverage at minimal value. It’s perfect for large employers with many employees, each of which needs to be insured with proper resources.

The modern large group market keeps insurance companies always on the lookout for new customers and their family members to offer health plans. Insurance providers are happy to give generous discounts off their standard rates for large group health plans since they are getting a lot of guaranteed business over the terms of a contract.

How Much Does Group Health Insurance Cost?

Group health insurance is a good deal for employees, but how much does it cost large employers and small employers? Most states mandate group health plan for employees, so taking care of your employees is in your interest.

The average group health premium for each employee is between $1,500 to $4,000 per employee. But you can split these costs with your employee based on the percentage of the monthly premium that they pay.

How Do the Insurance Costs Get Split?

Costs are split for your employees’ group health insurance premiums between you and each employee. Both you and your employee will save money when you implement a group health plan.

Employers will pay between 70 and 90 percent of the group health insurance premium, depending on what the employee can afford. Subsidized coverage is also available for employees who can’t pay for their healthcare by themselves.

Financial Assistance

Employees that want to opt into your group health insurance plan but can’t afford it themselves can still apply for enrollment. The government provides subsidies and financial assistance to individuals who are below a certain level of poverty.

These subsidies apply to a group health plan just as much as to an individual market plan. The ACA requires that everyone have some level of health insurance. Government grants have been put into place precisely for this exact reason.

What Does Group Insurance Cover?

If you have a large group, the health plan will provide complete coverage to all of the employees at a competitive price. Employees will also get the needed resources to file claims.

Here are just a few of the health benefits that a group insurance plan provides:

  • Pre-existing conditions
  • Deductibles
  • Coinsurance
  • Employer-sponsored (funded) Medicare/Medicaid enrollment
  • Dental plans and dental coverage for employees
  • Health Savings Accounts (HSAs)
  • Vision insurance and vision care for employees
  • Drug coverage for employees
  • Co-pay
  • Comprehensive health plan
  • Major medical expenses for employees
  • Out of pocket expenses
  • Wellness programs for employees
  • Other services including registered massage therapists (RMTs), physiotherapists, and more
  • Medical devices

Typical Health Care Coverage

Typical health care coverage varies when it comes to large group health insurance and small group health plans. Most group health plans will cover the basics, like life insurance and disability coverage, and may provide various coverage options based on your group’s specific needs. It can be family coverage with open enrollment from an employee at nominal premiums.

It isn’t easy to find affordable group health insurance plans that also cover all the health benefits and coverage that your employees need. Independent insurance agencies are most capable of providing you with the employee insurance policy you need. They can offer you large group health plans you will not find anywhere else.

Essential Health Benefits (Affordable Care Act)

Since the passage of Obamacare, or the Affordable Care Act (ACA), you are entitled to essential health benefits in your group health insurance plans. The Affordable Care Act covers most basic medical necessities, but not all in contrast. It’s essential to be informed about what services you need your insurance policy to cover.

The benefits that the Affordable Care Act provides include:

  • Inpatient and outpatient hospital care costs for the insurer
  • Pregnancy and childbirth
  • Mental health service
  • Hospitalization
  • Emergency services
  • Low deductible
  • Prescription drugs

Don’t Get Caught Out of Network

Getting caught out of network can drastically increase insurance costs for employees. The people relying on your group health insurance might end up having to pay out of pocket costs. Uninsured service can cost your employees tens of thousands of dollars.

Taylor Benefits Insurance offers centralized access to all of the most significant insurance networks on the large group market.

Your group health plan members can’t always control where or when an injury occurs. The most important thing is that your employee receives essential medical care during an emergency. But sometimes that means you get treated out of your network.

We make sure that your employees are covered by a large group coverage no matter where they happen to be.

We can help you find the right group insurance plan

Get in touch with us today

Which Health Insurance Company Is Best For You?

Different insurers specialize in various types of group health plans. Some companies may offer excellent dental insurance, while others specialize in handling major employee life events. Which is the right large group company for you and your employees?

The answer to this question depends on what you need in the group health plan. Most insurers are primarily interested in closing a deal, so you might not be able to rely on their benefits and premiums information. That’s why it’s best to have an insurance broker choose your health insurance company for you.

Insurance Companies In Taylor Benefits’ Network

Taylor Benefits Insurance connects you with several of the large group health insurance providers in the country. No matter what happens, you can always rely on us to negotiate you a favorable deal on your large group coverage plans.

As your insurance broker, we take care of all the details for you, leaving you with more time to focus on running your business. With our full range of insurance providers, you can be sure you’re getting the best deal on the large group and small group markets.

Here are some of the insurance companies we work with:

  • Blue Cross
  • Blue Shield
  • eHealthInsurance
  • Humana Group
  • Kaiser Foundation Group
  • Unitedhealth Group
  • State Farm
  • Coventry Corp. Group
  • HIP Insurance Group
  • Carefirst Inc. Group
  • UHC of California
  • Metropolitan Group
  • HCSC Group

List of Major Group Health Insurance Providers

The market for group health insurance is a complex matter for large employers. With so many large group health providers competing for the same clientele, it can be challenging to find a large group market company that serves your own needs well enough.

Here’s a breakdown of some of the most popular health insurance providers out there, including their enrollment advantages and drawbacks.

Kaiser Permanente

Kaiser Permanente is one of the largest provider network options for large group coverage. As of 2021, Kaiser Permanente provided health insurance coverage to more than 12.5 million health plan members. It also has more than 724 medical facilities spread throughout the United States for managed care services, preventive care and more.

An experienced company for large group coverage, Kaiser boasts over 12.5 million members and 724 medical facilities around the country. They have a dedicated team in most states to offer coverage for employees at nominal premiums.

Pros

  • Low premiums for employee
  • High number of large group health plan options for customized coverage
  • Resources such as live classes, open enrollment, and other medical contact information

Cons

  • Employee must use the company’s own contact systems and doctors
  • Coverage only available in 8 states, while other states not covered

United Healthcare

United Healthcare provides large group health coverage to a huge number of Americans. It offers everything from basic health plans to prescription drug coverage, eHealth service, HSA (health savings account)-eligible plans and more. It has more than 49.5 million customers across the world, mostly located in the United States, and has many large group plan options available for employees.

This insurance company serves over 49.5 million clients worldwide, though most of them live in the United States. It offers large group health plan benefits option as well.

Pros

  • Large healthcare network to work with
  • Many health plan options for customized coverage
  • Some health plans cover preventative care completely

Cons

  • Long wait times for certain medical procedures (4 to 6 week in some cases)
  • No coverage for pre-existing conditions of employees

Aetna

Aetna is a very popular provider of business health insurance. It’s a subsidiary of CVS health, and offers a wide variety of small group health plans including health insurance for employees and family members, dental benefits, vision insurance Medicare plans and more. There are also options to compare health plans and find a plan with tax credits and subsidy benefits, thanks to health care reform.

A popular and long-standing healthcare solution for large group and small group markets wanting coverage for their employees, Aetna serves as a subsidiary of CVS health.

Pros

  • Generally low prices to offer coverage at minimum value
  • Comes with extra benefits like dental, vision, student, and international insurance
  • Fewer employees can receive additional insurance to complement current health plans

Cons

  • No short-term coverage options for small group plans
  • Finding a small group premiums quote on the company’s website takes time

HCSC (Health Care Services Corporation)

Health Care Services Corporation is based in Illinois, but you can also get a quote in other states of the United States. It has more than 17 million members, with a wide variety of copay options and different large group health plans to fit organizations of any size, including indemnity health plans. Get a summary of benefits and a self insured quote now to learn more.

The HCSC, operating from Illinois, provides insurance to employees all around the nation. The company gives varied health plans to both small business and large business members.

Pros

  • Health plans for both families and individuals
  • Serves Medicare and small business employer

Cons

  • No dental or vision plans available

Anthem

With an Anthem ID card, you can get medical care just about anywhere. Anthem is one of the largest group health providers in the United States, and it’s part of the Blue Cross Blue Shield alliance, with more than 43 million members in the US alone. With a huge variety of group insurance options, Anthem is a good choice for small group plans and large group health plans.

Anthem is a member of the Blue Cross Blue Shield alliance, meaning that clients can receive care from many hospitals around the country including Ohio and Georgia. Small group or large group, businesses of all sizes can benefit from Anthe's health plans.

Pros

  • Easy to add insurance plans to your roster
  • Dental, vision, and other types of insurance benefits available
  • Affordable rates for employees at minimum value

Cons

  • Not enough family plans for an employee
  • Coverage limited to certain states

Cigna

Based in Pennsylvania and Connecticut, Cigna provides medical insurance, dental, disability, life and accident insurance. It has more than 86 million customers worldwide, and more than 37,000 employees. With a wide variety of small group and large group health plans available, you can easily find one that meets the needs of your organization.

The coverage Cigna provides runs in compliance with the Affordable Care Act, and the business’s offerings range from global coverage to dental plans.

 

Pros

  • Large number of available doctors
  • High-deductible plans and health savings accounts are available
  • Excellent website with various resources and information, including coverage status of various medications

Cons

  • Health plans only cover medical work in 12 states
  • No short-term large group or small group plans

Blue Cross Blue Shield Of Massachusetts

With more than 3.8 million policyholders, Blue Cross Blue Shield of Massachusetts is the largest single health care provider in Massachusetts. It’s a non-profit, and the majority of its customers are subscribed through large group and small group plans, though health care reform has made some self insured individual plans available.

The largest provider in its titular state, this company is a non-profit organization serving many Americans. It specializes in small group and large group health plans, but some individual ones are accessible as well.

Pros

  • A Great, friendly, and knowledgeable customer support team
  • Access to a nurse hotline that you can use to discuss basic medical issues

Cons

  • Their customer support team is busy and wait times can be long
  • Some basic procedures that other companies cover may not be covered

Blue Shield Of California

Blue Shield of California covers more than 4 million members in California, and is one of the largest insurers in the state. It works with nearly 65,000 physicians across the state, providing it with a very large and extensive network for California residents, and it works with more than 340 hospitals. It offers a wide variety of group health plans.

Employers use Blue Shield of California to provide large group health plans to their employees so that they get access to 65,000 physicians and 340 hospitals.

Pros

  • They are the second largest health insurance provider in California
  • Offer a mix of networks, including both PPO and HMO
  • Access a large network of doctors, hospitals, providers, and other specialists
  • You can refer yourself to a specialist if needed

Cons

  • Not as flexible as other insurance options on the market
  • You must stay within your HMO
  • Treatment options may be restricted based on cost constraints
  • PPO plans are costly

Blue Cross Blue Shield Of Michigan

Blue Cross Blue Shield of Michigan is one of the largest state insurance companies in Michigan, and offers large group plans, small group plans, individual employee plans, Medicare and Medicaid business plans, and more. It has more than 900,000 members and works with more than 6,000 doctors in the state of Michigan, making it a top choice for health care coverage in this state. 

Blue Cross Blue Shield is the top choice for Michigan clients in the individual market group plans.

Pros

  • Options include small group plans and large group plans
  • Medicare and Medicaid supported
  • Access to Blue Cross Blue Shield’s broad network of physicians and hospitals

Cons

  • Customer service may be difficult to reach

Highmark

Highmark is a not-for-profit healthcare company based in Pittsburgh, and it primarily serves Western Pennsylvania, as well as some in Delaware and West Virginia, with a total of 4.5 million members. It offers individual plans as well as large group health plan options.

Highmark is a non-profit operating in Pittsburgh. It’s a relatively small company serving 4.5 million clients across Pennsylvania, West Virginia, and Delaware.

Pros

  • Many types of plans are available, including Medicare and Children’s Health
  • Great tools for human services to manage their accounts and find healthcare providers
  • Focus on quality customer service

Cons

  • Limited business service outside of those 3 states
  • Customer service is not 24/7

Blue Cross And Blue Shield Of Florida (Florida Blue)

One of the largest Blue Cross and Blue Shield affiliates, Blue Cross And Blue Shield Of Florida has more than 4.2 million members, providing it with a market share of nearly 30% in the state. It offers large group health plan, as well as individual, Medicare and Medicaid plans.

Florida’s division of Blue Cross Blue Shield is one of the alliance’s largest. 4.2 million clients make up 30% of the insurance market in the state.

Pros

  • Significant support for large group health plan and individual plans
  • Support for Medicare and Medicaid patients
  • Employers have many options for insurance

Cons

  • Limited service outside of the state

Independence Blue Cross

Based in Philadelphia, PA, Independence Blue Cross serves more than 2 million members in Pennsylvania and more than 7 million people nationwide, and it works with more than 160 area hospitals and 42,000 physicians in its network. It also has a number of subsidiary insurers.

42,000 physicians and 160 hospitals make up the network of Philadelphia’s Independence Blue Cross. The company serves 9 million policyholders, a decent percentage of whom come from Pennsylvania.

Pros

  • Clients can choose from multiple plan options, such as Medicare, Medicaid, and Children’s Insurance
  • Online accounts for clients to manage insurance and electronic payments
  • Support, resources, and advice regarding prescriptions and doctor’s visits

Cons

  • Not available in some states
  • Customer service is not 24/7

Blue Cross and Blue Shield of Kansas

Blue Cross And Blue Shield Of Kansas has been operating for more than 75 years, and covers more than 925,000 people in Kansas with large group health plan coverage, individual plans under health care reform, Medicare and Medicaid and more. It serves all of Kansas except for Johnson and Wyandotte counties. 

Blue Cross Blue Shield of Kansas is a well-experienced organization in the individual market of large group health plan, having served for over 75 years. It currently has 925,000 users in its state.

Pros

  • Support for Medicare and Medicaid
  • Access to Blue Cross Blue Shield’s extensive healthcare network

Cons

  • No coverage for Johnson and Wyandotte counties in Kansas

Harvard Pilgrim Health Care

Harvard Pilgrim Health Care is based in Massachusetts and was founded in 1994. It offers large group health plan options. Harvard Pilgrim Health Care is a not-for-profit company that serves more than 2.4 million members in New England including Maine, Connecticut, New Hampshire, Massachusetts, and Rhode Island, making it one of the largest human services insurer in the area.

Known for its large group health plan coverage, Harvard Pilgrim is another non-profit organization with 2.4 million members. It’s most active in the New England area.

Pros

  • Many large group health plans to choose from, such as Medicare, student packages, and family coverage
  • Eligibility for certain discounts on dental care, fitness programs, and other additional perks
  • Excellent customer service

Cons

  • Not available in most states outside of the New England area

Centene Corporation

Based in Missouri, Centene Corporation provides Medicaid insurance, ACA health insurance marketplace coverage, large group health plans, small group plans, Tricare and Medicare. It has more than 15 million enrolled members, and is one of the largest providers of Medicare in the United States, but also offers traditional commercial insurance for companies.

From the standard commercial insurance for businesses to plans for individuals, Missouri’s Centene’s 15 million member count makes it one of the largest Medicare providers in the nation.

Pros

  • Wide variety of large group health plan options, including ACA marketplace coverage, Medicare, Medicaid, and Tricare
  • Publicly traded company with extensive resources

Cons

  • The company has a large business and the claims process can be slow (1 week)
  • You must follow their rigid rules if you want to maintain eligibility for employee coverage

Humana

Humana has over 13 million customers in the United States, making it one of the largest insurers in the country. It primarily offers large group plans and other types of employer-sponsored coverage, but also offers individual plans, Medicare, Medicaid and more. Thanks to its business size, it works with tens of thousands of doctors, healthcare facilities and hospitals across the United States.

Humana is a well-established health brand with companies and individual clients alike, bringing in 13 million customers in the United States.

Pros

  • Excellent options for business-sponsored coverage and other large group plans
  • Medicare and Medicaid support available
  • Network of many doctors and hospitals for health coverage
  • Relatively low rates for small group premiums

Cons

  • Restricted to 22 states
  • No short-term healthcare solutions

CareFirst Blue Cross Blue Shield

This Blue Cross Blue Shield subsidiary is located in Maryland and Washington D.C., and is one of the top insurers in the area. It covers more than 3.3 million people with large group plans and individual policies, and is part of the Federal Employees Health Benefits Program. It has a 75% market share in Maryland, making it the largest insurer in the state by far.

Blue Cross Blue Shield owns this division for over 3.3 million Maryland and Washington D.C. citizens, taking up the largest market share in the former.

Pros

  • Company is part of the Federal Employees Health Benefits Program
  • Policyholders can pay bills, view plan details, and download relevant forms through the company easily
  • Great customer service; voted “Most Ethical Company” for 3 years in a row

Cons

  • No Medicaid plans
  • No short-term insurance for employees

Excellus Blue Cross Blue Shield

Based in Rochester, NY, Excellus Blue Cross Blue Shield is the largest nonprofit health plan in Upstate New York. It’s been operating for more than 80 years, and offers small group and large group plans and other employer-sponsored plans, as well as individual coverage, with more than 1.5 million customers.

Few providers can boast the 80 years of operation that New York’s Excellus has. The company is a long-running non-profit with over 1.5 million customers.

Pros

  • Medicare support, group insurance, and HSA-compatible plans available
  • Company portal helps users find doctors, hospitals, plan details, and other resources
  • Rewards program that encourage healthful lifestyles

Cons

  • Large group health plan limited to New York
  • The business suffered a hack in 2013 that exposed the records of its business clients

HAP

HAP was founded in 1956 in Detroit, Michigan. It offers both small group plans and large group plans, as well as individual and family insurance. It’s available throughout the entire state of Michigan, with hundreds of thousands of customers in the area. It offers unique features like discounts for healthy lifestyles, digital ID cards and electronic benefits statements.

This Michigan-based provider specializes in business, group, and family insurance plans, having served the state for over 50 years.

Pros

  • Special-case coverage available, such as discounts for maintaining a healthy lifestyle
  • Offers electronic benefits and digital ID cards
  • Offers large group health plan along with small group market plan

Cons

  • Poor customer service
  • They are known to elongate the 30-day appeals process
Horizon logo

Horizon Blue Cross Blue Shield Of New Jersey

As the only licensed Blue Cross Blue Shield member in the state, Horizon Blue Cross Blue Shield Of New Jersey provides individual, large and small group coverage to more than 3.3 million people in the state. With thousands of doctors and a wide range of medical facilities, it remains the top choice for health care coverage for small group market in New Jersey.

Over 3.3 million residents of New Jersey are under an insurance plan from this provider. The network in question involves thousands of doctors across multiple hospitals in the state.

Pros

  • Access all essential forms and resources in one, convenient location
  • Wide range of employer coverage available

Cons

  • Ineffective customer service that is known to ping-pong customers around for a week
  • Poor administrative practices
  • No out of network employee coverage
Wellmark logo

Wellmark Blue Cross And Blue Shield Of Iowa

Based in Iowa, Wellmark Blue Cross And Blue Shield Of Iowa is the largest insurer in both Iowa and South Dakota, with more than two million members. It offers health insurance, dental insurance, life insurance and ACA insurance, and is a great option for large group health plan in Iowa and South Dakota.

2 million policyholders across Iowa and South Dakota enjoy health insurance from Wellmark. If you are an employer looking for large group plans, Wellmark should be on your list.

Pros

  • Varied individual market plans, including life, health, dental, and ACA insurance
  • Mobile app for keeping track of spending and managing employee insurance
  • Employee Rewards program that encourages healthful lifestyles

Cons

  • Limited to specific states, with little business support in other parts of the nation
  • No 24/7 contact for resources
Blue Cross Blue Shield logo

Blue Cross Blue Shield Of Tennessee

One of the dominant insurers in the state, Blue Cross Blue Shield of Tennessee offers large group plans, Medicare and ACA individual & family insurance. This not-for-profit company serves more than 3.5 million covered individuals in Tennessee, and is one of the best options for employer health insurance in the state.

A non-profit responsible for over 3.5 million individuals, Blue Cross Blue Shield’s Tennessee division remains as one of the best providers in the state.

Pros

  • Varied employee insurance plans, ranging from Medicare to ACA to family insurance
  • Access to Blue Cross Blue Shield’s extensive network of physicians, hospitals, and resources

Cons

  • Finding a main customer support line can be difficult
Priority Health logo

Priority Health

Priority Health is another top Michigan health insurance provider for large group plans, small group market plans, family & individual insurance, and Medicare and Medicaid, and it currently serves the entire Lower Peninsula of Michigan. It has more than 830,000 covered individuals and employees under its various employer plans.

Priority Health primarily serves 830,000 clients in the lower section of Michigan. It’s widely regarded as an excellent option for employee health insurance in the area.

Pros

  • Varied coverage options for both small and large employer groups, as well as families and individual employees
  • Medicare and Medicaid support
  • PPO and HMO plans are highly rated

Cons

  • Will not cover procedures that take place out of network for employees
  • Have a reputation of refusing to cover prescriptions recommended by doctors after a week
Premera Blue Cross logo

Premera Blue Cross

Premera Blue Cross is based in Washington, and it primarily operates in Washington, Oregon and Alaska. It serves a total of more than 2 million people with group insurance coverage, individual and family plans, and Medicare plans. In total, it has more than 38,000 partner physicians, hospitals and health care facilities in Alaska, Oregon and Washington.

This Washington-based provider serves not only the titular state but also Oregon and Alaska. Over 2 million clients enjoy the company’s many doctors and health care facilities.

Pros

  • Solutions for those looking for Medicare, individual, employer, or family plans
  • Membership comes with discounts on vision care, gym memberships, and other perks
  • Simple account management for employees through the app

Cons

  • No visible Medicaid support
  • No 24/7 customer support (only during business hours for employees and employers)
Tufts logo

Tufts Health Plan

Tufts Health Plan is based in Massachusetts, and is part of Tufts Associated Health Plans, Inc. It had more than 1 million members as of early 2019, with a network of 110 hospitals and 51,000+ health care providers, making it one of the largest providers in New England, along with Harvard Pilgrim Health Care.

Tufts owns a network of over 50,000 physicians and 110 hospitals, making it one of the largest New England health insurance companies.

Pros

  • HMO plans at low prices
  • Solid reputation with few employee complaints

Cons

  • Provider networks are limited, especially for traveling employees

Your Next Steps

Decide whether a large group health plan is right for you and your employees.

If you have no need for extended coverage for employees, and the essential health benefits required under Obamacare are enough, you may decide to go with a smaller employers plan.

Are you looking for broader and more comprehensive health care coverage for your employees? Consider contacting an independent agency that specializes in the large group health plans marketplace.

Let Taylor Benefits be your broker, contact us today!

We can help you find the right group insurance plan

Get in touch with us today

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