The basics of every health benefits plan should include a solid structure for the implementation of products and a service component which allows for accurate administration and program maintenance. More importantly, the coverage that your program provides should compliment the structure and activity of your business. Although there are many products available for a number of different insurance coverage, your plan should include those that are most cost-effective to you and your business.

There is no fixed standard for what may be included in a traditional benefit plan but there are certain areas of health insurance coverage that employees of your company may become accustomed to seeing in a plan that is offered to them. Generally, the basics of most plans will consist  of a combination of the following:

  • Life Insurance
  • Accidental Death & Dismemberment
  • Dependent Life Insurance
  • Short Term Disability
  • Long Term Disability
  • Extended Health & Dental Coverage

Private Health Services Plans (PHSPs)
Private Health Services Plans (PHSPs) offer an alternative method of providing medical and dental benefits for self-employed individuals, small business owners and larger sized businesses with several employees. Services that are ineligible through traditional insurance programs can now be included in your coverage such as vision and major dental that may have been very costly under another plan. Medical and dental services are not “insured” products but are “fee for service” products. This means that as a service is required or used by an individual, then the benefit is administered and paid for as opposed to paying for a service inside of a plan that may or may not be used. PHSPs allow for businesses to implement a health plan without incurring the cost of traditional plans which are most cost-effective when designed for a large group of employees. A more detailed explanation of PHSPs can be seen here:


Of course you do have some design options when choosing the structure of your health plan. HRS Inc. can establish a health plan or PHSP in many ways which can add very specific and cost effective components through the design of the plan. Many components of Traditional Health Plans can be incorporated into you plan design with other components, or options of a PHSP. For example, although your preferences for life insurance may reside with an insurer that you prefer or are comfortable with, a plan to cover your preferred amount of Dental and Vision benefits may be served best through the creation of a PHSP. Te two can work effectively together.

Understanding Options
Health Risk Services not only provides the insured products and design services for your health benefits plan but also ensures that your business will thoroughly understand its options for the use of the plan. Regular reviews of your plan are conducted to ensure efficiency and the addition or deletion of products that may be more beneficial to current employee requirements. Having options in plan design and an ability through HRS Inc. to administer them effectively will most certainly provide a cost savings to you. Managing your plan through HRS Inc. will ensure that your chosen options remain effective and the plan design itself is continually meeting the needs and changes of your business.