Group Health
Group Health Information
Benefits for the Most Valuable Asset of Your Business - Your Employees
As an employer in todays business world, Redel Insurance Agency knows how important it is to provide benefits to your employees. From two employees to two-thousand, we help businesses of all sizes provide excellent group plans for their teams.
We can redesign your existing coverage or setup a new arrangement for your group benefits. Our goal is to help you find lower group rates, increased benefits and multi-tiered coverage options through all major insurance carriers. Offering group medical insurance to your employees can lower turnover, keep staff healthy and provide peace of mind.
Group health insurance options can vary depending on the size of your business and the state in which you operate. It's important to discuss your benefit needs with a specialist at Redel Insurance Agency who can help find a solution that's the right fit for you and your employees.
What is group health insurance?
Group health insurance is a single policy issued to a group of people, offering uniform healthcare benefits to all members. In most cases, these policies are purchased by employers and offered to eligible employees and their families as part of an employee benefits package. Enrolling in group health insurance generally costs participants less than what they would pay for an individual healthcare policy for two main reasons:
- The risk is spread over the whole group, as opposed to just one individual.
- Employers must pay at least 50% of employees' premiums to be eligible for a group plan.
What are the benefits of group health insurance?
For employees, the benefits of group health insurance include the reduced price of healthcare and the ease of enrolling through their employer. For employers, the benefits range from attracting quality workers to the tax credits they can receive.
Is your business required to purchase group health insurance?
Large businesses with 50 or more employees are now required to offer group health insurance under the Affordable Care Act. Small businesses with fewer than 50 employees are not required to offer coverage, but they can qualify for tax credits to help offset the cost if they choose to offer healthcare and pay for at least half of each employee’s premium.
Contact us today for more information about group health insurance.
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