Benefits Insurance Products & Services

Group Health Plans

Your employees are your greatest investment. And health insurance is a critical factor in retaining and recruiting employees, as well as maintaining productivity and satisfaction.

Offering the “right” health insurance plan is one of the most important decisions you can make as a business owner – keeping employees happy and healthy benefits you in the long run. But making sense of the complex and often expensive health care insurance system has become increasingly difficult for employers, especially businesses like yours.

Company health benefits can help you:

• Recruit and retain quality employees
• Increase employee engagement
• Improve employee satisfaction
• Reduce absenteeism

Poor employee health costs you more than you might think. For example, one study indicated that the loss of productivity from coming to work sick was four times greater than the medical or pharmacy costs associated with the illness.

The good news is that employees want to be, and in many cases already are, responsible for their health. And you can help by offering incentives for doing so. By helping make health care coverage affordable, we make it easy for you to empower your employees to live a healthy lifestyle.

What Type of Plan is Right for Your Business?

We take the stress out of finding a plan.

You may be most familiar with traditional health care plans, such as HMO, PPO or POS. These plans typically offer low deductibles, low copayments and little or no out-of-pocket employee costs for network care. You may choose to offer a traditional plan for recruiting or retention purposes or because your employees demand it.

Another option is a consumer-driven health plan, which encourages employees to take more responsibility for their own health care needs. Consider such a plan when:

• Health care costs are limiting your company’s ability to grow.
• You need employees to share more of the costs of health care.
• You want to help your employees get access to quality health care.
• You want employees to make better decisions about their health.

Consumer-driven plans offer both short- and long-term savings. Flexible benefit designs and an extensive provider network offer savings in the short term. Lower premiums and smarter health care use can lower costs in the long run.

Encourage employees to take responsibility for their health. Consumer-driven health plans usually have high deductibles, which keep your premiums low. They are usually paired with a Health Reimbursement Account (HRA) or Health Savings Account (HSA) to defray health care costs.

Self-insured (self-funded) health plans are another way to provide medical coverage for your employees. Typically, these plans are used in companies that have a large employee base (250+) and have a staff to manage the program. If you are contemplating a self-insured program or need to have an assessment of your current plan, we can help.

So whether you choose a consumer-driven health plan, self-insured or a traditional one, we can help you tailor it to meet your unique business needs and budget.

Insure Oklahoma

Since Insure Oklahoma insurance coverage began, Oklahoma Business Insurors has been a leader in providing this addition to employer health plans. Give us a call to discuss how we can implement this program into your plan or visit the Insure Oklahoma website. For an overview of the employer plan, check out the qualifications for small business owners.

Dental, Disability, Life and Vision Group Plans

Today, employees expect more benefits and health plans are just one benefit you may offer. Dental, disability, life and vision are other group plans that can be added to your plan either funded or offered on a voluntary basis.
With our valued partner benefit companies, Oklahoma Business Insurors can tailor a plan to fit your needs.

Dental

Plans available that offer choice and flexibility, plans that help control costs, and plans that engage employees more than ever before.

• A wide variety of highly recognized products and services to meet the needs of all sizes of companies – from 2 employees to thousands of employees
• Built-in flexibility for customization to best match group needs
• Product designs that emphasize the importance of diagnostic and preventive care with optional services available for major and orthodontic services

Disability

When we think of our most important assets, it’s easy to forget that our income may be the one that needs protection most. Missed time at work can mean lost income. Common causes of disability absence include:

• Maternity leave
• Cancer treatment
• Back injury

Disability benefits can replace part of your income so you can focus on recovery instead of worrying about your ability to pay the bills.

• Short term disability coverage provides benefits when you are unable to work for a short period of time due to a covered illness or injury. These policies typically cover periods from 13 to 52 weeks.
• Long term disability coverage provides benefits when you are unable to work for a longer period of time and may last until you are able to return to work.
• Individual disability coverage can help supplement long term disability benefits by protecting a higher percentage of income or covering types of income like commissions and bonuses that may not otherwise be covered.

Life

Your employees count on you for most of their benefits – including life insurance. In fact, the workplace is now the primary way people obtain and/or purchase life insurance.

With today’s underinsurance gap and the number of baby-boomers approaching retirement age, employers need solutions for an age-diverse employee population. Adding employer-paid coverage may be one solution and another is offering an employee-paid (voluntary) plan. Employees need personal life insurance coverage.

Financial support after a loss will help families after the death of a loved one. Most group life plans offer a basic level of term life protection with no health questionnaires; and offer workers the opportunity to purchase higher levels of coverage at an affordable price. Coverage, in most cases is portable even when an employee leaves.

Whether you decide to offer a paid or voluntary life insurance program, we can help you find the right solution between term and universal life coverage.

Vision

Your vision is important to your overall health. Chances are you and your employees need corrective eyewear, as do nearly 80 percent of U.S. adults. Whether your vision is 20/20 or less than perfect, everyone should receive regular vision care.

Did you know that comprehensive eye exams can spot symptoms of many health problems, such as diabetes, hypertension, high cholesterol, glaucoma, and cataracts? Our partners offer network providers where members receive comprehensive vision care.

Don’t take chances with your most precious possession – the gift of sight. Add a vision plan today!