Group Health

Employee Benefits include any program or plan of insurance offered to your employees (and sometimes sub-contractors). A Group Health plan is usually at the heart of this offering. These benefits are usually offered to employees for much less than they could get a comparable program themselves, and usually on a pre-tax basis. These programs benefit both the employee, and the employer by keeping your workforce healthy, happy and productive.

One of the main advantages of group health insurance is that it is often more affordable than individual health insurance. This is because the risk is spread across the entire group, which helps to lower the overall cost of premiums. Group plans are also typically offered at a discounted rate from insurance companies, making it even more cost-effective for both employers and employees.

Depending on the size of your team often a self-insured (or self-funded) approach can make your benefits plan far more flexible and economical.

Another benefit of group health insurance is that it provides comprehensive coverage to employees. This can include medical, dental, and vision benefits, as well as prescription drug coverage. By offering these benefits to employees, companies can attract and retain top talent, which can help to improve overall business performance.

For employers, group health insurance can also offer tax benefits. Premiums paid by employers are typically tax-deductible, which can help to lower their overall tax liability. Additionally, offering health insurance to employees can help to reduce turnover and increase employee satisfaction, which can lead to a more stable and productive workforce.

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