Group health insurance is group-sponsored health coverage for business owners, employees and associations. Many employers make health insurance available to their employees - either by paying the premiums for the employees, sharing in premium payments, or deducting the premiums from employees' paychecks.
A majority of 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 and associations that provide group health insurance.
Group health insurance we offer:
- Individual/family health insurance
- Disability income insurance (short term & long term)
- Accidental death and dismemberment
- Hospital expense
- Surgical expense
- Medical expense
Benefits of group health insurance:
- Hire and retain the best workers
- Protect workers and family members who might otherwise go uninsured - no one can be turned down based on medical history
- •The amount you pay toward employee premiums may be tax-deductible
Types of group plans:
Contributory
- Employees are responsible for paying part of the premium
- Participation must include 75% of eligible employees
Non-Contributory
- Employer pays the entire premium
- Participation must include 100% of eligible employees
From 2000 to 2006, overall inflation has increased 3.5%,
wages have increased 3.8%, and health care premiums have increased 87%. 