Oxford Health Insurance – A Good Choice For Business Owners
Oxford Health Insurance is a company that sees itself as more than just an insurance provider. It sees itself as a guide, helping its members live a healthier overall life. Oxford specializes in group health insurance, and this allows it to offer special deals to its members.
Oxford was started more than 20 years ago. It offers policies to both individuals and businesses in Connecticut, Delaware, New Jersey, New York and Pennsylvania. It is the biggest health insurance provider in the greater New York City area.
Oxford has HMOs, EPOs, PPOs, indemnities and POS insurance plans. It also has several plans for those who are on Medicare. Oxford does not offer individual or family plans. It only deals in group insurance plans, and it offers its services to a wide range of different groups.
Customer satisfaction is high at Oxford. Because they only deal in group plans, they can offer much more flexibility than average health insurance companies in choosing doctors and health care professionals for treatment.
They are also known for the variety of services which they cover. They offer coverage for fitness, low-cost prescription drugs and alternative medical treatments. Because they only deal in group insurance, they can keep costs down and offer extras to their carriers.
Oxford offers special plans such as the Freedom and Liberty Plans which allow carriers to choose their own doctors. In Connecticut, members of the Select/Freedom Plan or Select/Liberty Plan are not required to choose a primary care physician.
They offer the Oxford Consumer Options Suite which allows employers to custom-tailor their plan to meet their employees’ needs. Group plans are usually not so flexible, but Oxford works with its members to give the best possible coverage.
There is also an option where large business owners who have a company within Oxford’s coverage area but also operate outside of it can extend their coverage to all their employees. For this, Oxford uses another group called First Health Group Corporation to provide coverage, but it all falls under the same plan.
For seniors, Oxford offers lots of special benefits like the Healthy Bonus Program, which provides discount health care goods. This makes hanging onto your Oxford policy after retirement an attractive option.
They also offer Medicare coverage to members. Oxford has a variety of special supplemental insurance plans for Medicare members to add to their existing policies.
There was some controversy in 2004 when Oxford merged with UnitedHealthcare, another major health insurance provider in the New York area. Critics charged that the merger was unethical and violated anti-trust statutes, but those at Oxford said that the merger was made in the name of improving healthcare services.
With its flexibility and focus on employee-sponsored health insurance, Oxford is an ideal company for small businesses and entrepreneurs. You can customize your plan, take advantage of special benefits, and pass the savings down to your employees. If you have a small business in New England, Oxford might be the right choice for you.
