Alternatives to Oscar Small Business Health Insurance in New York
In order to evaluate alternatives to Oscar small business health insurance in New York, you need to know what alternative carriers and networks to look for. Oscar Health Insurance announced last year that their rates were going up double digits for 2020, and they have proposed rate increases in the 30% range for 2021. In response to questions from both existing clients and new groups looking for alternatives to Oscar Health, we would like to share some options to consider for both 2020 and 2021 renewals and new business.
What carriers offer lower cost health insurance compared to Oscar
There are currently five main carriers that write small business health insurance in NY. Emblem Health, Empire Blue Cross Blue Shield, HealthFirst, Oscar Health and Oxford United Healthcare all write small business health insurance in NY. Most of these carriers offer multiple NETWORKS to choose from, each with a different price point based on the number of providers in their network, nationwide access to providers, and whether you need a referral to see a network specialist.
Of these carriers and networks above, we would suggest inquiring with us about the following few plans:
Since Oscar is raising rates, these networks may provide similar benefits and providers as the Oscar Circle network for a lower price than you are currently paying. We would be happy to provide comparison quotes for your business to help you decide if a switch is the right thing for your business. If you are just looking to get a good price for qualify coverage for your employees, then we can help you put together a low-cost plan that works for your business and your employees.
How to compare alternative network sizes and see if my doctor(s) take an alternative plan to Oscar
We suggest you check to make sure your doctors participate with any new carrier network before you make any switches. You can search online for providers using this link on our site. After clicking on the link you can use the search tool links and instructions to search for your doctors on the networks noted above. Please remember that there are also more robust networks available as well with these carriers, and you can usually offer multiple plan networks and benefits with the same carrier all at once.
Once you find out what network and carrier has your doctors as participating (you can also call your doctor directly and ask them) give us a call and we would be happy to get you some quotes and compare plans to help you move to any new insurance option that works for your business. We would also be happy to answer any questions you might have.
Peak Advisors Inc. has been servicing small businesses in NY for over 30 years. We maintain a 5 Star rating on Google and would be happy to assist you find quality small business health insurance for your small business in NY. So give us a call at (631) 207-1800 or click to schedule a FREE consultation for NY small business health insurance.