Multiple Plan Offering

Give your employees more flexibility by offering up to three health plans with a defined contribution option.

Advantages for the employer include:

  • Eliminating the burden of having to choose one plan that satisfies all employees
  • Greater employee satisfaction with benefit choices 

Advantages for the employee include:

  • Greater control, involvement, and choice in benefit selection
  • The ability to stretch benefit dollars by choosing lower-priced options
  • Greater satisfaction with coverage that theyve chosen to best meet their needs

The plans you choose must meet a few guidelines:

  • Groups with one to four enrolled subscribers can offer up to two plans
  • Groups with five or more enrolled subscribers can offer up to three plans
  • The employer contribution must be at least 50 percent of the employee-only rate for the lowest-cost plan

Here's an example:

ABC Company has defined a benefit-eligible employee as someone who works 40+ hours per week. This group has nine employees, six of whom are eligible for benefits, so the group may choose up to three plans.

Plans chosen:

  • Plan A = $560 monthly premium
  • Plan B = $330 monthly premium
  • Plan C = $220 monthly premium

Employer contribution:

This amount is up to the employer, but it must be a minimum of $110 (50 percent of the lowest premium) in this example.

Small Group Employers

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