Bond Financial Network works closely with an array of different carriers that offer a wide range of medical plans to employer groups. Bond Financial Network helps employers balance the need to attract and retain the best employees with a strong benefits package and the need to control costs. We have listed below the three main options we find are most popular with groups under 50 employees.

Copay Plans: A copay plan is a type of health insurance plan where the insured pays a copayment (or copay) for a medical service. The co-pay is a specified dollar amount that the insured will pay for a doctor visit and/or prescription drug at the time the service is rendered. The insurance company pays the remaining costs. Copayments vary depending on the plan and the type of service. Copay plan premiums are often higher than other plans in the market as the insured incurs less risk.
*High Fixed, Low Variable

Hybrid Plans: A hybrid plan is a combination of a copay plan and a high deductible health plan (HDHP). This type of plan requires a copay for specific healthcare services such as doctor visits, emergency room visits and prescription drugs. However, other services such as inpatient/ outpatient hospital stays and surgery are subject to a deductible and coinsurance. Coinsurance is also known as cost sharing with the insurance company (i.e. – you pay 20%, they pay 80%). Hybrid plans assist in limiting out-of-pocket costs for larger medical expenses. Premiums are often "middle of the road" between a copay plan and high deductible plan as the insured incurs more risk on a hybrid than they would a copay only plan.

High Deductible Plan: A high deductible health plan (HDHP) is a type of health insurance plan which includes an annual deductible and out-of-pocket maximum, while preventative services are covered in full. The member will pay 100% of the carrier's negotiated rate until the annual deductible is reached. Once the annual deductible is reached, prescriptions are covered as a copay or coinsurance dependent upon the specific plan. Coinsurance is also known as cost sharing with the insurance company (i.e. – you pay 20%, they pay 80%). The high deductible plan includes an out-of-pocket maximum which ensures that once this amount is met, services will then be covered in full by the provider. Due to the nature of these plans, the premiums are often lower as there is higher risk due to up-front out-of-pocket costs. These plans are often utilized as a form of catastrophic coverage. High deductible plans work in conjunction with a health savings account (HSA) or health reimbursement account (HRA). The deductible, coinsurance percentage and out-of-pocket maximums vary based on the plan chosen.
*Low Variable, High Fixed

MVP Rochester Regions by County (Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Steuben, Wayne, Wyoming, Yates)
Excellus Blue Cross BlueShield Rochester Regions by County (Monroe, Wayne, Ontario, Livingston, Yates, Seneca)
***Excellus Simply Blue Options also available for a reduced rate. These plans don't include Wellness Benefits. Please contact us for more information.
*Please contact us for rates outside of the specified regions listed above.