Health Insurance

A network is a group of doctors, specialists, or health care venues that have agreed to take insurance from a particular company.  If you have particular doctors or hospitals that you prefer to use for your health care, it is a good idea to make sure that they are "in network" for the insurance plan that you are planning on purchasing.  Because your insurance company already has an agreement with "in network" providers, you pay less money for health care services provided by health care professionals that are "in network" than you would pay to see a professional that is "out of network."

The amount of money paid out-of-pocket before an insurance carrier begins to pay for your medical expenses.  For example, with a $200 deductible, and a $450 health care bill, the insured would pay $200 and the health insurance company would pay $250.

Federal and states mandate minimum benefit requirements for group health plans.  Beyond these, you will be able to elect plan designs from those offered carrier selected.  Baygroup Insurance can help you understand your options and cost.

Yes, companies offer a variety of products within a few different employer size groups: small (2-50 employees), mid-sized (50-99 employees) or large (over 100 employees).  Benefit summaries provide an easy way to compare plan benefits.  

A certain level of employee participation is mandated in many states in order for employers to offer a group health plan.  This number is usually around 75%.  This is required so the group plan is not covering only those employees who have health conditions requiring expensive treatment.

The amount will vary based on location, benefits, carrier and average age of employees.  The employers generally share some of the cost for each employee participating.

The best time to purchase a Medigap insurance policy is during your Medigap open enrollment period.  During this time, you are guaranteed the right to buy a policy regardless of your health status.  For more details on

No, Medigap policies no longer offer prescription drug coverage.  Medicare Part D covers prescription drugs.

No.  Your Medigap policy is guaranteed renewable. As long as you pay your policy premiums on time, it cannot be cancelled by the insurance company.