Group medical coverage provides protection for you and your employees against catastrophic financial loss due to illness or accident. By paying a deductible and a percentage above the deductible, with the insuring company picking up the remainder, expenses are kept in an affordable range. Hicks Insurance will work with you to choose options available that will best fit the needs of you and your employees and stay within your business budget.
In the not too distant past, medical coverage was limited to indemnity plans: You paid 100% up front, filed a paper claim and the insurance company would reimburse you their portion. While that option is still available, now, there are:
HMO (Health Maintenance Organization): you choose a group of providers and all your health and medical needs are met within that group. You will have a primary care physician and they will refer you to other providers as needed. There is no coverage outside your chosen group.
PPO (Preferred Provider Organizations): you choose a preferred group of providers that meet your needs, you pay a co-pay to your physician, then a deductible and coinsurance for other services and hospital care. The insurance company pays their share directly to the provider.
POS (Point of Service Plan): an HMO with out of network benefits.
Hicks Insurance will gather the unique information of your business and employees and work with a number of insurance companies to find the plan that best suits your need. Once you are a client of Hicks Insurance, we keep in regular communication with you in order to stay aware of your situation and head off any problems. If a problem should arise, we are there to help you resolve it as quickly as possible. We are available to answer questions you have and provide information you need.
At least once a year, and more often if you request, we review your plans and rates then work with you to make whatever adjustments are needed.