The Department of Health and Human Services (HHS) announced a new tool to give small business owners a detailed review of their health insurance plan choices, allowing employers to compare the benefits and costs of health plans and choose those that are best for their employees.
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The tool, located on www.HealthCare.gov, gives small business owners access to the following:
- Insurance product choices for a given ZIP code, sorted by out-of-pocket limits, average cost per enrollee, or other factors.
- A summary of cost and coverage for small group products that shows the available deductibles, range of co-pay options, included and excluded benefits, and benefits available for purchase at additional cost.
- The ability to filter product selection based on whether the plans are Health Savings Account eligible, have prescription drug, mental health, or maternity coverage, or allow for domestic partner or same sex coverage.
More than 530 insurers have provided information for more than 2,700 coverage plans across all states and the District of Columbia.