Medical insurance carriers tout the fact that they have 90-99% of all doctors and hospitals in their network. Why? Because employees that use in-network providers pay less out of their pockets and when that happens employees are happier, and happier employees is a message that sells.
Just slap a Blue Cross Blue Shield, United Healthcare, Aetna or "Name That Carrier" PPO logo on the medical ID card and your employee has a 90-99% chance of paying the in-network deductible instead of the out-of-network deductible.
To your employees, it's a comfort blanket. But guess who has to pay the balance on the credit card statement? You, the employer! The size of your PPO network could be costing you more money than you think. Learn why in the video above.