Wisconsin Group Health Insurance
Groups in Wisconsin have long had an issue in finding affordable Group Health Insurance Coverage for their staff. Employers have become disillusioned into believing there are limited plans avaliable and carriers to choose from. It is time to start making these carriers compete for your business. Employers in Wisconsin and across the US need to start analyzling the plan options in more detail and start using a specialized platform such as the Sanus Benefits Portal. The days of using a P&C agent, old family friend, or a PEO firm to handle the task of quoting out your benefits is gone. The Sanus Benefits portal is free and exceeds all expectations for employers in Wisconsin. Checking off all of the tips and tricks for employers looking to save on their group health cost in Wisconsin. Throughout the state, the Sanus Benefits Portal gives you access to unique, affordable, and comprehensive health insurance options. In Wisconsin, we also offer special Association Health Plans such as the Association of General Contractors Health Plan. You will be pleasently surprised to see the amount of options we have avaliable and all of the various plan funding types including: Fully Insured Health Plans, Level Self-Funded Plans, Self-Funded Plans, Limited Benefit Plans, and Reference-Based Pricing Options. Depending on your business size and employee needs, we can help you determine the best plan for your group.
Group Health Insurance in Wisconsin
The first step in saving on your group health insurance in Wisconsin is to get a quote. The process is simple and quick for most Wisconsin employers. You’ll need to provide your group’s census information and ideally, your claims history and renewal data. Through the Sanus Benefits Portal, you can easily submit your data and get quotes from multiple carriers. The entire process typically takes less than 5 minutes once your census is uploaded.
Wisconsin employers are subject to ACA regulations, which require them to offer health insurance to full-time employees. The state also has its own regulations, such as the Wisconsin Continuation Law, which requires employers to offer COBRA-like coverage to employees who lose their jobs. Again the most important aspect in saving on your group health insurance is to get a full view of the various market options and the specific benefits to each carrier. While Wisconsin has premier provider and hospital networks across the state it still is like most states in the fact that those providers work with multiple carriers. You no longer need to be tied to one or two carriers as an option.
| Wisconsin Health Plans Summary | |
|---|---|
| Fully Insured Health Plans | Traditional health insurance plans where employers pay premiums to an insurer for coverage. This is ideal for businesses that want to minimize risk. Major carriers include: Anthem, UnitedHealthcare, Cigna, and more. |
| Level-Funded Plans | These combine aspects of fully insured and self-funded plans. Employers pay a predictable, level premium and assume some risk for their claims. These plans are great for employers seeking a balance of predictability and cost savings. |
| Self-Funded Plans | Employers assume direct responsibility for paying claims, with a stop-loss policy to manage large claim costs. Best suited for larger businesses in Wisconsin that need flexibility and want to manage their healthcare costs more directly. |
| Limited Benefit Plans | Provide basic coverage at a lower cost, ideal for smaller Wisconsin businesses seeking affordable healthcare solutions for employees. These plans typically offer limited coverage and may not cover all medical expenses. |
| Reference-Based Pricing Plans | Rather than paying standard network rates, these plans pay based on a set reference price for services. While they require more administration, they can result in significant cost savings for employers in Wisconsin. |
Health Insurance Carriers In Wisconsin
In the past few years more and more carriers are coming into the Wisconsin Group Benefits market. All of them differ in the various ways they admister their plans, network, and claims. It is pivotal now more than ever you have an intuitve platform that gives you the details necessary in making such an important decision for your group. Sure saving money is nice, but you cannot put a price on the health and well-being of your employees. Here are just a few of the carriers you could look at for covrage. Sana, Aetna, Cigna, Anthem Blue Cross Blue Shield, Angle, All State, Gravie, and more. Again just reviewing their plan options is not enough. They have similar plans but the way they are administered or different benefits they have vary greatly. The Sanus Benefits Portal is the only way to get a full view of the market and the carriers in Wisconsin. We provide you with all the information you need to make an informed decision. We also provide you with the tools to compare the carriers and their plans side by side. Offering competitive Employee Benefits is a key differentiator for companys looking to attract top talent. Using the Sanus Benefits is the only way to ensure you are getting the best rates and coverage for your group so you can continue to retain your all star team at peak performance. Just to give you an idea of the changes to the market in the past 10 years over 10 carriers have entered the market in Wisconsin. The days of only quoting Anthem Blue Cross Blue Shield, and United Healthcare are over. These newer carriers are approaching the market different and the best way to drive better results for everyone is opening up compeitition. To read up more on how the Sanus Benefits Portal can assist you in finding a carrier that fits your needs click here or click the Quote button below to create your account.
