The Paige Agency is the only place you need to go when you're thinking about Group Health Insurance.  We understand that your health insurance is important to you and your employees.  We also know as well as you do, what is happening to health insurance premiums.  Typically, companies have been forced to choose some combination of reducing benefits, paying more, or shifting costs to the employees in order to control premiums.

At The Paige Agency, we can help you move beyond these universally unpopular answers to address your health insurance at a more fundamental level.  Maybe partial self-funding is an answer for you or perhaps you could benefit by offering a High Deductible Health Plan.  The point is that whatever your particular situation, we are ready and able to help you make the best possible choices for your business and your employees.

High Deductible Health Plans

We are finding a lot of our clients are inquiring about High Deductible Health Plans. (with or without Health Savings Accounts/HSA's)

At The Paige Agency we are well equipped to handle these inquiries. We work with all of the major HDHP providers to make sure you get the best products at the best possible rate. Generally we need the HDHP premiums to be somewhere between 15% and 30% below the conventional plans, for these plans to make economic sense. The trade-off is a much higher initial deductible before the insurance company begins paying. The other very important (and often overlooked) fact is how your employees will react to this change. If the change is communicated poorly (or not at all) many employees will feel like the company is taking away a benefit. In fact, we can sometimes increase the amount of protection the employee has, however, it is critical that this be effectively communicated to your workforce. We can help you with that too.

As an offset to these deductibles, the IRS is allowing people who participate in HDHPs to open what are called Health Savings Accounts. HSAs are a big step up from the older Medical Savings Accounts (MSA) and Flexible Spending Accounts (FSA). The new HSAs are both durable and portable, meaning if someone leaves the group, their HSA goes with them. Also, any money in an HSA which isn't spent on health related expenses rolls over to be used in future years.

We can help your company look at the pros and cons of High Deductible Health Plans and help you choose the plan that works best for your business.

If you already have a high deductible plan and would like to enroll in an HSA HSAresources allows you to enroll online. You can start up a plan in minutes by clicking below.

Partially Self Funded

For groups between 10 and 50, partial self funding may be the right answer.  We can set you up with an ERISA-compliant plan which allows you to directly assume some of your health care costs and backs you up with an insurance package which limits your exposure if costs turn out to be more than anticipated.

These plans are certainly not for everyone and here at Paige we can help you determine if they might be a good fit for your company.  Where they do fit, the potential for premium reduction is substantial.

Conventional PPO and HMO style plans

These are what we think of when we think of health insurance.  These are the plans with the office visit co-pays, prescription co-pays, various coinsurance levels for inpatient and outpatient services etc.  While most everyone is comfortable with these, they tend to range from somewhat more expensive to "oh my goodness" more expensive.

As with the other types, we at The Paige Agency have access to all of the popular plans.