Coverage for Companies is an online private exchange for small groups.
Here’s how it works:
- Establish a budget. Determine a budget for your annual health care spending. You'll decide on a set allowance to contribute for your employees' health care costs.
- Select which plans to offer. You choose a menu of HMO and PPO plans that work best for your employees, including medical, dental and vision coverage.
- Allocate the funds. Contribute your share of pretax dollars for your employees to use toward their plan.
- Employees choose their benefits. Employees shop and purchase their plans online through the Coverage for Companies website.