The question of cost versus value is always a difficult one when it comes to choosing a health plan offering. During the pandemic, the need to balance low costs with the benefits and coverage employees need has become even more pressing. By using our small group health plan comparison chart, you’ll be able to guide your clients to make the right decision for their company and employees.
Each quarter, we release a new plan comparison chart to help you assess the value of the top small group health plans in Massachusetts. Now that carriers have released their Q3 plan details, let’s look at how their premiums and benefits add up to provide value to your clients’ businesses and their employees, or for your own company’s planning.
As April approaches, brokers are helping their clients make a final decision about which plans to select with the most value. To help you keep track of some of the new plans and benefits in Q2, we’ve updated our small group health plan comparison chart. This free chart is a great resource for getting a full picture of the value of a plan, beyond just premiums.
With the new year fast approaching, health insurance carriers are releasing their plan designs for 2020. For brokers, that means keeping track of updated benefits, expanded perks and programs, and brand-new plans. These changes have the potential to throw established comparisons out the window, leaving you to start from scratch when determining the value of a given plan. But, our free plan comparison chart is a great place to start.
Figuring out how one small employer health plan stacks up against another involves more than just calculating premiums and deductibles. You need to look at the whole picture, from network size, hospital access, and unique benefits, to really understand the value of a plan. To make that a little easier, we created a free chart to help you with your own Massachusetts health plan comparisons.