Goodwill financial offers employers a variety of group insurance plans from leading insurance companies. Our experts will search for the right insurance plan for you and make the process of understanding the presented information smooth and simple. We will work with the your employees directly and do all the hard work for you.

Generally group insurance plans are classified as indemnity or managed care plans.

Indemnity Plans
With an indemnity plan policyholders can select a doctor of their choice and pay for each received service. This gives them a wide range of options that includes specialists such as cardiologists and surgeons. The patient or doctor then submits a claim to the group's insurer for reimbursement, which covers typically 80 percent of the service's cost, minus a negotiated deductible.

Policyholder is left to pay coinsurance, which is the 20 percent of charges. This plan reimburses only "covered" medical expenses, a list of which can be found in your benefits summary. This list usually contains the vast majority of procedures.

Managed Care Plans
These plans are agreements between certain doctors, hospitals, and health care providers, and are designed to offer a range of services to members at a reduced cost, yet limit physician choice. The employer/employee also pays coverage in advance through monthly premiums. There are three popular types of managed or prepaid care: HMO (Health Maintenance Organization), PPO (Preferred Provider Organization), and POS (Point of Service).

The answer to the question, which plan and type of group insurance is best for your business and employees you’ll get by contacting our experienced professionals who will customize group insurance plan for you.