How the Oxford Metro Network can save your business money

With businesses struggling to pay bills in the face of the pandemic, it is important to consider prudent ways to help reduce costs during these trying times. Small Business Health Insurance plans are both a large cost but a necessity for both owners and employees of that business. I would like to explain how the Oxford Metro Network can save your businesses money on premiums while still providing top notch benefits and network access.

Why choose or switch to the Oxford Metro Network?

Keep in mind that with NY small business health insurance plans, you are free to change carriers (not necessarily networks within the same carrier) anytime throughout the year. If you have a high cost plan with say Empire BCBS or Emblem Health for examples, you are free to change carriers and write a new plan with any of the Oxford networks. Even better, by choosing the Metro network with Oxford you will have one of the lowest priced networks apples to apples to any other carrier in NY State. This will help you maintain the same benefits as you had before at a lower price point. In a difficult business environment, this might be the difference of staying in business or closing your doors.

You can also offer a larger network Oxford Freedom or Oxford Liberty plan alongside a Metro network plan. This will give you even more options to customize your health plan for your group while still saving money.

What top hospitals are included in the Oxford Metro Network?

One of the biggest concerns employers and employees have with a smaller network is maintaining access to their doctors and local hospitals. They do not want to have to find all new doctors or not be able to access top surgeons at their preferred hospital. Luckily with the Oxford Metro Network employees and their families can get care from 46,461 physicians and 85 hospitals in New York. They also have access to 26,614 physicians and 69 hospitals in New Jersey.

Some notable in network hospitals include Memorial Sloan Kettering, New York Presbyterian, NYU Winthrop, St Francis, and Hospital for Special Surgery to name a few.

Oxford Metro Network Pharmacies

The Oxford Metro Network provides access to retail pharmacies including major chains, mass merchants and supermarkets like Duane Reade™, Walgreens® and Walmart®. Prescriptions cannot be filled at CVS® or many non-chain pharmacies or out of network pharmacies.

Here is a small sample of common pharmacies participating with the Oxford Metro network pharmacy program as of March 2020:

How much less expensive is the Oxford Metro Network vs Liberty or Freedom networks?

The monthly savings for an Oxford Metro network plan to a similar benefit Liberty Network plan averages about 14% and when compared to the Freedom Network averages around 24%. This savings is substantial and since health insurance benefits make up one of the largest expenses for small businesses, saving 14-24% while not necessarily reducing benefits might be an important tool to consider for a small business.

If you would like to consider moving from another carrier to the Oxford Metro network, or you are contemplating how to change your current Oxford offerings to be able to offer the Metro network if you don’t already, please request a quote or call us directly at 631-207-1800 and speak to us today!