a presentation about Can You Offer More Than One Plan Type To Your Employees? by James Restaino

Can I Offer More Than One Insurance Plan Type To My Employees?

Yes, You Can Offer Multiple Health Plans to Your Employees.

When deciding on a plan type for group health insurance, it is best to consider your business' unique medical needs and employee coverage preferences. While the majority of small businesses who offer group health insurance stick to one type of plan, a small business can offer more than one type of plan if it so desires.

See related post here: The Role of a Broker in The Health Insurance Marketplace

Depending on the carrier, you can offer three to four plans per group. Inside of that, you can offer a set amount as the employer contribution

Let's say, for example, you are going to pay a hundred percent of the single rate of the low plan.

Anybody that wants to buy up to the middle plan or the high plan, that cost will be borne by that employee. 

Employer contribution looks like this:

*Your company offers three plans to your employees:

      • Low Basic Plan: $150 (100% paid by your company)
      • Middle Plan: $220 (68% paid by your company)
      • High Plan: $300 (50% paid by your company)

*John is your employee, and among your offered health plans John chose the Middle Plan. This is how the employer contribution can play out:

      • John’s Chosen Health Plan: $220
      • Your Company’s Set Amount: $150 (68%)
      • John pays: $70 (32%) 


As a business owner, you can have a set level bottom plan that you're going to pay a hundred percent of, or maybe even just 50% of, or maybe $300 for each employee. And if your employees want to go to the higher plan, that cost will be borne by the employee.



James Restaino is part of Relax Benefits. He is a Managing Partner/Broker at Specialized Health Services LLC, an Employee Benefits Company that specializes in group health insurance, life insurance, and dental/vision insurance servicing companies in New Jersey and New York. His ideal clients are companies that have at least 2 enrolled employees on Employee Benefits. With his 25 years of experience, he can help you find the right coverage for you or your employees.


James Restaino

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