Mini Med Benefit Plans

To meet the basic needs of employees while staying within a limited budget, a growing number of employers are turning to mini med benefit plans. The administrative costs of mini med plans compared to full major medical group plans are much lower. Employees are given the opportunity to opt for minimal coverage and a lower premium.

One of the advantages of mini med benefit plans is the instant coverage. There is no waiting period due to pre-existing conditions for the policy to take effect, and there is no deductible or co-insurance fees. This works as a benefit to some employees who are between full-coverage group policies, or if they have good health and only desire minimal benefits.

Reasons to Utilize Mini Med Benefit Plans
The low premiums of mini med benefit plans that provide for basic medical care are appealing for those employees who are otherwise not eligible for group insurance. This group of employees consists mainly of part-time, hourly, or contract workers who do not meet the criteria for traditional employer group plans. Also known as "limited-benefit" plans, the mini med plan is a welcome alternative for thousands of employees.

At The Boon Group, we have alliances with leading providers of mini med benefit plans in the country. Our team of experts work closely with underwriters and employers to design benefits plans for restaurants, retail businesses or contract work. As third-party administrators, we're available to monitor and maintain your benefit plans. To learn more, contact one of our service representatives.