For a company that has between 25 and 50 employees, what is a typical amount of plans to offer during open enrollment?

While there isn’t really a typical number of plans, employers often offer anywhere from one to three plans. Location Matters If you choose to offer one plan, it’ll be one that all employees can access. If all employees are located in the same state or area, an HMO can work. Since HMOs can only be […]

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2018 HSA contribution limit

While there isn’t really a typical number of plans, employers often offer anywhere from one to three plans.

Location Matters

If you choose to offer one plan, it’ll be one that all employees can access. If all employees are located in the same state or area, an HMO can work. Since HMOs can only be offered in the state in which the company is located, if you’re looking to expand to another state, you could find yourself in a bind if you’re only offering an HMO. Therefore, if employees are located in multiple areas, then that one plan might be a PPO.

Final Tip

If you offer multiple plans, especially due to having employees in different locations, you might want to offer an HMO, PPO, and an HSA-compatible plan. This would offer a broad range of plan choices from low to high deductible, low to high copays, and varying levels of out-of-pocket maximums.

Helpful Links:

How to Choose Health Insurance for Your Business – healthcare.gov – Explanation of the plan categories

Type of Plan and Provider Network – healthcare.gov – Explanation of plan types

Comparing Health Plans – healthcare.gov – Tips on comparing health plans

How to Choose Health Insurance for Your Business – healthcare.gov – More information on how to choose a health plan for employees

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