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Montana Group Medical Insurance & Employee Benefit Plans have a variety of options for individuals and families, and they include vital elements such as deductible amounts and payment options
Montana, like Georgia and other states, relies on the federal healthcare exchange for its marketplace. Still, it has created a reinsurance program to assist state insurers with managing the cost of high individual claims. The reinsurance program levies a fee on all major medical and disability solutions in Montana (excluding self-funded plans) to fund the program. Reinsurance has helped keep premiums down for those who purchase coverage through the exchange or independently. Our Georgia-based agents can provide access to these health solutions through our customer service portal or app.
The Affordable Care Act (ACA) requires large companies to offer healthcare insurance to their full-time, eligible workers. ACA rules eliminated restrictions on coverage for pre-existing conditions, which previously prevented people from obtaining care in some circumstances. As with our Georgia-based agents, our team can provide assistance in understanding the deductible amounts and payment options for these health plans.
The Affordable Care Act also requires insurance companies to allow dependents to remain on their parent’s policies until they reach the age of 26 and eliminate lifetime benefit caps. Policies issued in compliance with the Affordable Care Act must be affordable, meaning the premium paid by the subscriber is limited to 9.6 percent of their gross income for individual coverage. In addition, every policy must include these essential benefits:
Small businesses are exempt from the ACA requirement to provide small business medical insurance coverage. Still, they have resources to assist them in doing so. For example, suppose your business employees one hundred or fewer workers. In that case, you may be able to qualify for programs through the SHOP (Small Business Health Options) structure. Through our app, employers can easily access these resources and learn more about their options.
Rely on the reputed icon of Taylor Benefits to assist in ensuring that your plan abides by the law. Our insurance brokers have the experience, knowledge, and skillsets to handle healthcare reform and other issues that may arise throughout the duration of your health protection and employee provision programs. Give us a call today to learn more. Rest assured that after we help you come up with the perfect plan, we’ll provide you with a FREE quote!
If you are looking for Montana Collective Health Insurance & Employment Benefits, click the quote button to get an instant quote. Our service takes into account the specifics of your zip code and offers precise prices tailored to your location.
Scroll down to uncover concise answers to frequently asked questions about medical coverage in Montana, compiled from a variety of articles we have on different topics:
A large team health insurance is the ideal choice for businesses with over 50 employees in Montana. The key benefit of large-group medical coverage packages is that they offer a significant discount when you purchase them. Depending on your zip code, you could make an excellent contract with local health providers.
Student health insurance solutions are also available through large groups. People who cannot afford individual medical coverage can benefit from this health package. Other benefits include:
A large corporate medical coverage package is the best choice for businesses with over 50 employees in Montana. The key benefit of large-group solutions is that they offer a significant discount when you purchase them.
Student health insurance programs are also available through large groups. People who cannot afford individual medical coverage can benefit from this health solution. Other benefits include:
A perfect health program for your company depends on what you and your employees want and how much you are willing to spend. The following are four popular types of healthcare packages:
The “Health Maintenance Organizations” (HMOs) are health care organizations whose members receive health care services through a network of medical providers contracted with the organization. Most HMO plans require crew members to select a primary care physician (“PCP”) to handle the majority of their health care and refer them to specialists as needed.
An HSA-qualified plan is typically a PPO plan designed specifically for use with a Health Savings Account (HSA). HSAs are special bank accounts that allow participants to save money at pre-tax rates to use for future medical expenses. Due to their advantages for employers, Section 105 Healthcare Reimbursement Plans (HRPs) are often used instead of HSAs.
PPOs, or preferred provider organizations, are the most common protection programs. The insurance company will pay at the full level if they receive medical care from a doctor or hospital listed on the company’s preferred provider list.
With an indemnity package, members can choose their own doctors and hospitals. Insurers cover the remaining charges. A company may require them to pay upfront for some services and then apply for reimbursement from an insurance company.
A number of medical treatments and equipment are covered by health insurance solutions in Montana, including surgeries, doctor’s visits, and prescription drugs.
However, some healthcare services, such as plastic surgery, for instance, are not covered by most companies because it is viewed as unnecessary. Vision or dental services are not covered by most healthcare packages, so they must be purchased separately.
Regardless of the amount an individual contributes to company-sponsored medical coverage, everyone can make a contribution. In the United States, the typical person spends approximately three times more on healthcare annually. On average, this amounts to $3,240 per year, or $270 per month.
Todd Taylor oversees most of the marketing and client administration for the agency with help of an incredible team. Todd is a seasoned benefits insurance broker with over 35 years of industry experience. As the Founder and CEO of Taylor Benefits Insurance Agency, Inc., he provides strategic consultations and high-quality support to ensure his clients’ competitive position in the market.
Todd Taylor with Taylor Benefits gives our small business the kind of personal service we need. Insurance benefits are important to our employees and Todd helps us find a balance between benefits and value. Todd responds immediately to my phone calls & e-mails. He has even gotten in touch with me on a Sunday when we were in need of coverage answers immediately. We are very pleased with the hands-on service Todd and his staff provide.”
-Ken and Linda Orvick, Orvick Management Group, Inc.
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