Group Health Insurance
According to the Affordable Care Act, companies with over 50 full-time employees are required to provide comprehensive health insurance to all members of their company. Failure to comply can result in heavy penalties the next time your business files its business taxes. Unfortunately, not many companies have the cash flow to provide every single employee with his or her health insurance policy. In such cases, allow a health insurance agent from Good and Associates Insurance Services in Claremont to help you find an affordable, yet comprehensive group health insurance policy.
As one of the most trusted and experienced insurance brokers in California, Good and Associates Insurance Services is proud to offer clients a wide selection of group health insurance policies to choose from. These are no ordinary group health insurance policies either, as our health insurance agents in Claremont offer policies from some of the most respected names in California, including:
- Anthem Blue Cross
- Blue Shield of California
- Health Net
- California Choice
- Sharp Health Plans
By providing our clients with numerous choices from each insurance provider, we are able to help you find the perfect group health insurance policy that fits your requirements. This way, you are able to extend generous insurance coverage to all employees who need it, as well as give employees the security, stability, and peace of mind they need to focus on their responsibilities.
Advantages of Group Health Insurance
Getting group health insurance yields a number of advantages for your business, including:
- More Manageable Costs– One policy means the same premium amount to be paid. This alone cuts a large number of expenses your business would have had to shoulder if you decided to go with personal health insurance policies for each member of your company.
- Better Employee Recruitment and Retention-Many group health Insurance policies offer the same kind of coverage as personal insurance policies. This allows your employees to enjoy a large number of health benefits, a factor that makes it easier for your business to find new employees and retain your top performers
- Largest available Doctor and hospital network. Employer group plans are approximately 40% larger than their individual plan counterparts – this tends to be the most attractive aspect of employer-sponsored group plans.
If you believe your business could benefit from group health insurance, do not hesitate to give our health insurance agents in Claremont a call. With our years of experience and exceptional track record, we are confident in our ability to find the best coverage for you and all your valuable employees.
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GROUP HEALTH INSURANCE FAQ
Is a group plan appropriate for me?
Group health insurance would allow you to get the benefits of individual health insurance. But since the purchasing power will be high in the group you get the benefits for a low cost. And even if your company doesn’t offer health insurance or if you are not in a job then you can get a group health insurance policy through some other notable groups like churches, clubs etc
What are the advantages of providing health insurance to my employees?
If the company provides health insurance to its employees, then the employees become happy and they don’t switch jobs. And since the group health insurances are tax deductible, it helps the company to manage taxes.
Will I get any extra benefit through the group health policy?
he group health policy provides the benefit rider. This actually functions as an add-on and provides an extra benefit like the dental insurance or life insurance for some limited number of years.
What is a fully insured employer group?
In the fully insured employer group, the employees would get the health insurance policy from their employer. And thus they can enjoy the medical benefits of the policy. There is another division here called as the fully insured group here the worker or the employee would obtain individual certificates.
What are the benefits of the health saving account?
Here you can invest some cash in the HSA account and then you can spend it for your medical bills. This is a tax free fund.