Since the inception of the Health Benefits Plan (HBP), there has been continued participant growth and cost stability for many Ohio physician practices. Additionally, the HBP’s traditional plan designs give Ohio physician practices more control of their coverage while keeping their healthcare costs to a minimum.
Physician practices who participated in the OSMA’s HBP saw another year of rate increases averaging in the single digits. Renewal increases for 2019 averaged 2.9%. This 2019 increase along with the past 3 years plan increases show a four-year average of 4.5%. Well below the national averages.
If you’re not a current participant in the HBP and you have already renewed your health plan for 2019—it’s not too late to request an OSMA HBP quote. Acting now could result in significant cost saving for 2019. In addition to our low renewal rates the HBP also offers very competitive rates to new groups. Be sure to stop by the OSMA’s Insurance Agency’s booth at the upcoming 2019 Ohio State Medical Association’s Annual Meeting.
Benefits of the OSMA Health Benefits Plan:
• A member only plan (includes family and staff)
• Member Physician Board of Trustees
• Available to groups of 2 to 99 employees
• Variety of Deductibles and Co-Pays
• No monthly administrative fees
• Easily compatible with HRA’s and HSA’s
• SuperMed Plus network (Medical Mutual)
If you received a renewal premium increase that is unsatisfactory and would like a to obtain a HBP quote, contact the OSMA’s Insurance Agency at 800-860-4525.