Providing health insurance to employees and their dependents is the central to any employers’ benefits plan design. The trick is providing the best coverage at the most reasonable price. FSIA offers several medical plans provided by Blue Cross and Blue Shield of Massachusetts.

The various plan designs include PPO options, POS options and traditional indemnity plan options. These different plan designs allow the financial institution to choose the plan of benefits that most fits the needs of its employees and their dependents while fitting into the budget allocated by the bank. The plan design choices include network only plans, as well as in and out-of-network plans with varying co-pays and deductibles. Also included in the program are Medicare Risk products that provide benefits to retired employees and their eligible dependents that are over age 65 and participating in Medicare.