Health Insurance: A Necessity for Individuals & Businesses
For Individual & Family Plan Quotes & Consultation
Health care related expenses are of the most concerning issues facing Americans today. Obtaining health insurance coverage is not only a wise step but a necessary one to take. At Capital Shield, we assist our clients to find medical coverage that addresses their needs and fit their budgets. We achieve this by listening to the client’s concerns and educating them about the available options that can fulfill their needs.
Metal Tiered Plans: With the inception of the Affordable Care Act of 2010, also known as Obamacare, medical plans in America, for both Individual & Business Group Plans, were grouped into 4 tiers: Bronze, Silver, Gold, and Platinum. The grouping took place based on the richness of the plans with Bronze plans having the highest deductibles, annual out of pocket maximums and co-pays in exchange for the lowest monthly premiums, and, the Platinum plans with the lowest deductibles, annual out of pocket maximums and co-pays that carry the highest monthly premiums.
The following are descriptions of important health insurance terms that relate to both Individual as well as Business Group Plans.
Group Health Insurance for Businesses
In today’s business world, it is common knowledge that one of the keyways of attracting and maintaining dependable employees is through the offering of health insurance coverage. An employer has the option of paying for the employees’ premiums either partially or entirely, hence, having the ability to control business costs. Another important aspect of a business health insurance is that its’ premiums are considered business expense, hence tax deductible to the business.
Group Plan Implementation: Our Experience Does It Seamlessly: In setting up health insurance plans for business groups, we at Capital Shield, take care of all administrative steps, in order to make the process as seamless as possible to the business operation. Employer & Employee meetings, application processing, and finally plan implementation and service are all done with no business interruption whatsoever. We work with you flexibly to make it happen.