Group Health Information
Health insurance is one of the most critical insurance policies you can have. Health care costs are continuously rising, meaning it’s crucial to consider coverage. Group health insurance is an affordable option for insurance if you’re an employee within an organization. If you’re looking for more information on group health insurance benefits, connect with your Two Rivers Benefits Consultants agents.
How Does Group Health Insurance Work?
Your organization will buy the group health insurance to provide coverage for employees. Only groups can enroll in group health insurance, not individuals. All group health plans will differ on what is offered for coverage, such as costs, companies, group plan types and plan specifications. Just because group coverage is provided through a place of work does not mean it has to be accepted.
If you choose to opt into coverage, you will pay a premium in each pay period. If you have dependents, you can add them to your policy. If you’re unsure whether or not to opt into coverage, discuss your health needs with an agent.
What Are the Benefits of Group Health Insurance?
There are several benefits to purchasing group health insurance over individual policies. The primary advantage is that the policies are cheaper than buying a personal policy as an employee. There are plenty of tax benefits for organizations that purchase group health insurance for their employees. Group health insurance provides an employer with tax benefits but can also help with employee retention.
Connect with an agent to learn other benefits group health insurance could offer.
How Much Does Group Health Insurance Cost?
The cost of group health insurance for your organization will vary. The following factors may influence prices:
Demographic of employees
Location of business
Types of business
Medical claims history
The cost for employees will be determined after the group price is determined. To learn more about your pricing, contact an agent.
Get Started with Group Health Insurance
At Two Rivers Benefits Consultants, we’re ready to assist you with any coverage needs or questions. Contact an agent to learn more information about group health insurance or get started.