5 criteria to use when shopping for health insurance
1. Monthly premiums
Know what you and your employees will be required to pay on a monthly basis to maintain your coverage. You’ll also want to know what you and your employees may be required to pay toward the monthly premiums of covering a spouse and/or dependents.
2. Deductibles, copayments and coinsurance
These forms of cost-sharing only come into play when you receive medical care. Make sure they’re affordable for you and your employees, both for regular medical care as well as care for more serious or unexpected medical conditions.
3. Medical provider networks
If you have a preferred doctor or hospital, make sure they’re in-network for any plan you’re considering. Otherwise your claims may be denied or paid at a lower level. Sanford Health Plan has tools to see which plans your doctor accepts.
4. Prescription drug coverage
Some plans cover different prescription drugs than others, or pay more toward them. Sanford Health Plan has a prescription drug coverage comparison tool that can show you what you’re estimated to pay based on your personal Rx needs.
5. Member perks and discounts
At Sanford Health Plan, we focus on going beyond health insurance coverage. Therefore, our members get access to discounts on vision, dental, hearing, weight loss services. In addition, we offer no cost virtual care on certain plans and monthly gym reimbursements at participating providers. These perks can all add up to added savings – and for very happy employees.