2020 Best NY Small Business Health Plans for 2019-2020
The rates for 2020 NY small business health plans have been released. While rates will increase slightly in 2020, the combined 2-year increase from 2018-2020 will only be in the mid-single digits per year combined for most carriers.
We have reviewed the 2020 plan year rates for all carrier networks writing in NYC, Long Island, and lower New York counties and have listed our low cost Best plans below. Should you wish to investigate any of these plans and get an exact quote for your business, please call us or sign up to receive a quote here. This list is based on low cost vs value of benefit and is our opinion of where you might find your best values for your money.
HealthFirst Pro EPO
Our first plan on the list for best NY Small Business Health Plan for 2020 is the HealthFirst Pro EPO Gold plan. This plan is one of the lowest priced GOLD metal level plans available from any carrier or network. We like the fact that this plan has NO deductible, and NO coinsurance! This is a big benefit for expensive claims such as hospitalizations and surgery because you just pay a fixed ‘copay’ for these claims. HealthFirst utilizes
The PRO EPO plans from HealthFirst include the following Hospital Systems: Northwell Health, Mount Sinai Health System, Montefiore Health System, NYU Langone Health System, and NYC Health & Hospitals.
Oxford New Zero Deductible (ZD) Plans
Our next 2 plans on our list for Best NY Small Business Health Plan for 2020 are the Oxford Liberty Network GOLD ZD plan and the Oxford Metro network SILVER ZD plan. Both plans do not require referrals to see network specialists, and both have Zero Deductibles!
With some of the most competitive rates in the Oxford New York service area, the Oxford Metro Network may be just what you’re looking for to help balance employer costs and employee satisfaction.
We like the GOLD Liberty ZD plan as it has the lowest price point on a no deductible GOLD level plan from a carrier and network that gives you access to top hospitals including Winthrop, Memorial Sloan Kettering, St Francis, and New York Presbyterian.
We like the SILVER Metro ZD plan as it is one of only two no deductible SILVER level plans available in the small group marketplace. This plan is perfect for those looking to save money on premiums while having no deductible and predictable copays.
Oscar Circle or Circle Plus SILVER 0 plan
Our final and TOP recommended BEST NY Small Business Health Plan is the Oscar Circle or Circle Plus SILVER 0 plan. The Circle network, and the larger Circle Plus network of Oscar’s Silver 0 plans provide the only other carrier besides the Oxford ZD plans that offers a NO DEDUCTIBLE and NO COINSURANCE SILVER metal level plan. Oscar’s rates for this benefit are unmatched with any carrier and should be a no brainer option as an offering to small business employees. Since Oscar Health Insurance allows for multiple plan options side by side, you can offer this plan at a steal over some of the other carrier offerings without sacrificing benefit.
The Oscar Circle network includes hospitals such as Mt Sinai, Montefiore, and St. Francis. The Circle Plus network includes all the Circle hospitals and providers and adds on Memorial Sloan Kettering, North Shore LIJ hospitals, as well as national coverage outside of NY.
Please call or request a quote today for these or any other carrier or network plans.