What is Group Health Insurance?
Group health insurance is employer-sponsored health coverage for business owners, employees and often for dependents.
Most Americans have group health coverage through their own or a family member’s employer-sponsored group plan. Employers and employees can share costs and there are special tax incentives available to businesses that provide group health insurance.
How it Works
As an employer, you select a group health insurance plan and then invite your employees to enroll. Typically, employers cover a portion of each employee’s monthly premium, and can also contribute to dependent premiums. The remainder is paid for by the employee.
If you want to provide health insurance benefits and you’re able to contribute toward employee premiums, group health insurance is the way to go. Offering group health insurance can help you hire and retain the best workers, and the amount you pay toward employee premiums may be tax-deductible.
Contact your Ryan Everet Insurance Agent to talk more about your company and employees to determine the best coverage for your business from our array of insurance providers.