Offering employee benefits is crucial, and healthcare holds a special significance.

It is not just an added perk but an integral part of the compensation package, often considered as important as the salary itself. Opting for group health insurance is a cost-effective way to attract and retain talented staff while ensuring their well-being and productivity.

Group health insurance plans provide flexibility, allowing you to cover employees exclusively or extend coverage to their dependents.

Depending on the chosen plan, your business can decide whether to fully cover the premiums or share the cost with employees.

Determining the costs of coverage in group health insurance involves several factors.

The location of your business, the number of employees to be covered, and the age of employees all play a role in calculating the costs.

The Affordable Care Act has had a significant impact on group health insurance.

Prior to the ACA, the medical history and pre-existing conditions of employees influenced insurance costs. However, with group health insurance, the risk is spread among the pool of employees, resulting in lower costs per employee compared to individual insurance.

Employers can also benefit from tax advantages associated with group health insurance.

The premiums paid by employers are fully tax-deductible, providing a financial advantage. Additionally, small businesses may qualify for a tax credit that can cover up to half of the premium costs.

If you’re ready to provide group health insurance to your employees, we are here to assist you in exploring and evaluating your options.