What is Group
A plan that provides health insurance to a group of people, a common example is company-wide insurance for employees. The benefits are usually standardized across all benefactors, and such plans are usually cheaper than individual plans because the risk to the issuer is spread out through an entire group.
A group health insurance plan is a key component of many employee benefits packages that employers provide for employees. Health coverage may be a standard current and future employees expect from an employer.
Where can Employers
find Health Plans?
Finding the right health insurance plan can be stressful and confusing. There are confusing terms and the new health care reform to deal with as an employer. Fortunately, Employee Benefit Designs can help employers in search of a new health care provider. Feel free to contact us for more information.
Recent updates to
federal laws regarding health insurance
(Affordable Care Act) may require your company to provide health insurance. Employee Benefit Design can help you to determine whether or not your company is required to provide employee health insurance. Small businesses are not required under federal law to provide insurance plans for employees, however many choose to due to changing expectations from qualified workers.