If you are an employer in the state of Oklahoma, then you know how important it is to provide your employees with quality, affordable health insurance. With the rising costs of medical care and prescription drugs, it can be difficult for employers to find a plan that fits their budget and meets their employees’ needs. Fortunately, there are several options available for employers in Oklahoma who want to provide access to affordable health insurance plans.
Insure Oklahoma keeps businesses and working adults strong by helping them pay for health coverage.
The Employer-Sponsored Insurance program can save you 60 percent or more on health insurance premiums. Through this state-operated program, premiums are split between the employee (up to 15 percent), the employer (25 percent) and Insure Oklahoma (60 percent or more). Insure Oklahoma’s share is paid with state tobacco tax and federal matching dollars. You may be able to get assistance in paying premiums for qualified family members, too.
HOW TO QUALIFY To qualify for Insure Oklahoma’s Employer-Sponsored Insurance program,
you must work for a business that has already been approved by Insure Oklahoma, and: Be between the ages of 19 to 64
Be an Oklahoma resident and meet citizenship guidelines. Have an annual gross household income within the Employer-Sponsored Insurance income guidelines. Not be enrolled in Medicare or Medicaid Contribute up to 15 percent of monthly premium cost for yourself, and up to 15 percent of premium cost for qualified dependents (but the total premium won’t be more than 3 percent of your annual gross household income).
HOW IT WORKS
Insure Oklahoma sends its share of the premium to your employer every month. Your employer deducts your 15% share from your paycheck, and combines those shares with the employer’s to pay the insurance company. You can use your health plan’s benefits and network of doctors to stay healthy.
https://oklahoma.gov/ohca/insureoklahoma.html
Group Health Insurance Plans
One of the most common types of employee health insurance plans is group health insurance. Group plans are designed to cover a group of people, usually those who work together or have something else in common such as membership in an association or organization. These plans typically offer more comprehensive coverage than individual policies because they spread the cost among a large number of participants. Employers can choose from a variety of providers, including major insurers like Blue Cross Blue Shield and UnitedHealthcare, as well as smaller local companies that specialize in providing group benefits. They can sign up anytime during the year and have 2-50 employees.
Short-Term Health Insurance Plans
For businesses that need coverage quickly or are looking for more affordable options, short-term health insurance plans can be a good option. These plans typically last between three months and one year, making them ideal for businesses that need temporary coverage while they are waiting for long-term policies to take effect. Short-term plans usually include basic hospitalization and doctor visit coverage but may not cover prescription medications or pre-existing conditions. It’s important to carefully read the policy details before signing up so you know exactly what is covered by each plan.
No matter what type of business you run in Oklahoma, it’s important to provide your employees with quality health insurance coverage at an affordable price point. Between group and short-term plans, there are plenty of options available for employers who want to offer their employees quality coverage without breaking the bank. Take some time to research your options and compare different insurers so you can find the right plan for your business and its employees. A little bit of research now can save you time and money down the line!
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