Before considering an insurance plan we have to consider co-pays, co-insurance- drug coverage, and another plan cost. A Preferred Provider Organization is a plan that contracts with providers to create a network of participating providers. A PPO offers more flexibility to get care from any doctor in or out of network. A PPO provides …show more content…
If employees have pre-existing conditions they are able to keep their same healthcare providers. With a PPO plan you do not need a referral to see a specialist. Prescription drugs are covered under a PPO. You are not restricted to certain pharmacies you would be able to pick your medications up at any location. We can't just restrict employers because their hometowns may be all different. Offering that flexibility would be most beneficial.
One advantage of having health insurance for employees would be employers count health insurance as a business expense and it is not taxed. Small business is allowed to receive a tax credits. You are also eligible to gain tax advantages. Employers are able to deduct health insurance cost as a business expenses. No ACA penalties. Also, a reduction in payroll taxes. Another advantage would be passing along lower health care cost to employees. Employers pay a certain part and also employees. Employees would pay less and it would be a great addition. Health care coverage gives employees a peace of mind.
One disadvantage would be the additional expense for providing coverage. This is the most severe problem that businesses face. Many businesses have decided that health insurance is no longer a viable employee benefit. Another disadvantage would be the rising cost. Rising cost have forced many businesses to scale back their coverage. The employer pays most of the premium and has the remaining share taken out of the employee's pay check before