Consider a Tiered Benefit Plan to Lower Costs
Open enrollment is almost here and finding health insurance that lowers cost while preserving coverage is a priority for many.
Tiered benefit plans have emerged as an especially relevant option for 2018.
Tiered benefit plans offer the ability to save money by seeking care from a
preferred group of physicians, hospitals and facilities. These plans give you the freedom to seek care from any Western New York doctor or hospital in your carrier’s full provider network, but provide the greatest cost-savings when you use the plan’s specified network of health care providers.
Put another way, a subscriber in a tiered benefit plan has two tiers – or cost shares – of in-network benefits to choose from. Cost share (out-of-pocket costs) will be
significantly lower when providers in the plan’s
preferred network are used.
Examples of tiered benefit plans include the
Choice Plus plans from Independent Health and the
Focus plans from BlueCross BlueShield.
Before selecting one of these plans, it is very important to confirm that your providers participate in the preferred network of the plan you are choosing. Do this using the ‘Find a Doctor’ link on the carrier website or ask your providers directly.
The Amherst Chamber has three staff brokers to assist you in your health and dental plan decisions and is pleased to present the
Save On Your Health Insurance Presentation
, an informational open house, on Tuesday 9/26 from 2-5 pm at UB’s Center For Tomorrow. A presentation of plan designs by the three major carriers will take place from 2:30-3:00 pm. From 3-5 pm, meet one-on-one with a licensed Amherst Chamber broker to identify the best plan for you and your employees. To reserve, please call the Chamber office at 716-632-6905 or reserve online at