Shear Benefits Inc. represents the full complement of medical plans.
Shear Benefits offers access to a complete spectrum of medical plans. For individual and company insurance, we represent the leading companies of HSAs, HMOs, PPOs and POS plans. The number of plans we offer, combined with the quality carriers we represent, places Shear Benefits is in a unique position to offer comprehensive, competitively-priced solutions to meet your health insurance needs.
Get a Quote from anyone of our available insurance carriers.
Understanding the different types of insurance policies
Preferred Provider Organizations – PPOs
- PPOs tend to have higher monthly premiums in exchange for the flexibility to use providers both in- and out-of-network without a referral. Out-of-pocket medical costs can also run higher with a PPO plan.
Health Maintenance Organizations – HMOs
- HMO plans typically have lower monthly premiums. You can also expect to pay less out-of-pocket for medical services.
Health Savings Accounts – HSAs
- A health savings account, also known as an HSA, is a tax-exempt savings account that, when paired with a qualified high-deductible health plan (QHDHP), can be used to pay for certain medical expenses. Funds deposited are not taxed, nor are withdrawals for qualified expenses.
Consumer-Driven Health Plans
- Consumer-driven healthcare (CDHC), defined narrowly, refers to third-tier health insurance plans that allow members to use health savings accounts (HSAs), Health Reimbursement Accounts (HRAs), or similar medical payment products to pay routine healthcare expenses directly, but a high-deductible health plan protects them from catastrophic medical expenses. High-deductible policies cost less, but the user pays medical claims using a prefunded spending account, often with a special debit card provided by a bank or insurance plan. All medical plans will be Fully funded, Self Funded or level funded.
How we can help you…
Shear Benefits can build a customized website for your company that offers always-on access to your employee insurance information. We’ll even manage and maintain the site as a one-stop source for all benefit summaries and eligibilities, claim and enrollment forms, customer service numbers, links to carrier websites, your own HR department policies, and more!
Available as a FREE service to our employee benefits clients of any size, our HR/Benefits platform provides an optional online enrollment feature that can simplify your benefits enrollment process. Whether used for new hire on-boarding or during open enrollment, this tool can make life easier for your employees and benefits administrators.
Your administrators may have difficulty retrieving paperwork or completed paperwork from employees. As a free service to your clients, we eliminate that hassle! If you are interested in learning more about online enrollment, learning more about how we can help with your HR Outsourcing, or just making helping your HR Department through this process, please call us at (480) 636-8620.