Health Insurance

Health Insurance

As Healthcare reform changes the way employers must manage benefits, Reliance Payroll can help you navigate through the evolving landscape. Our advisors will meet with you to understand your objectives, business model and your employee dynamics and then offer support in managing your health insurance program. We work with brokers to secure just the right plan your business.

Keeping up with healthcare and all of your company?s options can be daunting. The options in health insurance plans can be daunting. Below are the different types to be considered. But fear not ? we?ll be your co-pilot in navigating the process.

Health Maintenance Organization (HMO)

  • Provides or arranges managed care for health insurance, self-funded care benefit plans and more. Is a liaison with healthcare providers who treat patients in accordance with the HMO guidelines and restrictions.

Point of Service (POS)

  • Combines characteristics of an HMO and PPO. POS offers lower medical costs in return for more limited choice. Patients choose a primary care physician from within the healthcare network and that becomes their point of service.

Preferred Provider Organization (PPO)

  • Managed care organization of hospitals, medical doctors and other providers who contract with an insurer of third-party administrator (TPA) to provide care at a reduced rate to the insurer?s or TPA?s clients.

Health Savings Account (HAS)

  • Tax-advantaged medical savings account for people are enroll in a high-deductible health plan. Owned by the patient, the funds they contribute are not subject to federal income tax at the time of the deposit. HSAs roll over funds not spent which accumulates year to year.

High-Deductible Health Plan (HDHP)

  • A health insurance plan with lower premiums and higher deductibles than typical health plans. An HDHP is required for individuals choosing a health savings account.

Reliance Payroll can help ensure cost management of your health insurance plan with payroll deductions, invoice reviews and much more. You can rely on our expertise, experience and knowledge to make sure you choose the right health insurance ? and manage internal administrative processes ? at a cost that won?t break the bank.

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