Healthsource RI for Employers allows you to attract and retain top talent by offering your employees exclusive benefits. In addition to our popular Full Employee Choice program, HealthSource RI for Employers has partnered to offer ancillary products including vision, life, accident and medical bridge!

Full Employee Choice:

  • The Full Choice Program is your exclusive source to offer employees a multiple carrier option – allowing you to customize health plan offerings like never before
  • Your employees can pick the plan and level of healthcare that works best for them, and you can offer every plan or highlight any combination of carriers, health plans and metal levels to suit your needs and budget
  • Select a reference plan or use the defined contribution option

Ancillary Benefits:

  • Healthsource RI for Employers is now connecting you to low-cost ancillary benefits like vision, life, accident and medical bridge.
  • These plans can offer a safety net if you are moving to a higher deductible health plan and are a great new benefit for your employees.
  • Offering voluntary benefits to employees provides peace of mind and financial protection and may help save on healthcare premium costs.

Plans for 2017

HealthSource RI is offering 17 different health plan options and 7 dental plan options for employers in 2017. Click here to check out your new health and dental plan choices.

Calculating Full Time Employees

HealthSource RI is available to walk you through the new formula, but here is a quick overview of how to calculate your full time employees-

  • Use the most recent year
  • Exclude the owner(s) and spouse of the owner(s)
  • Exclude seasonal employees (those working fewer than 120 days a year)
  • Count the number of people who worked an average of 30 or more hours a week
  • Add the hours worked per week by non-full time employees, divide by 30 and add to your total

Example: Mike owns a business with 20 employees, not including himself.

  • 15 employees work an average of 40 hours per week
  • 1 employee works an average of 15 hours per week
  • 1 employee works an average of 25 hours per week
  • 1 employee works an average of 27 hours per week

Here’s how Mike calculates his FTEs:

  • Number of full-time employees = 15
  • Non full-time employee hours (15+25+27) ÷30 = 2.23 or 2 FTEs (always round down when calculating FTEs)
  • Mike has 15 + 2 or 17 FTEs