Group Medical Insurance
Get a quote for group medical insurance
Businesses offer group medical/health insurance that covers medical expenses when an employee is injured, sick or has other conditions that require medical attention (such as surgeries and pregnancies). Typically, group health insurance applies to two groups: Small groups (up to 50-100 employees depending on state) and large groups (over 100 employees).
How Does Medical Insurance Work?
Companies today know they must offer attractive benefit packages to compel top tier employees to work for them. Part of that package is health insurance. Health insurance comes in as many different pricing structures as there are reasons to need medical care. From a sprained wrist to a cancer diagnosis, medical care encompasses all things health related. Costs for health care vary widely and can be dependent on region, socio-economic factors, availability and much more.
Companies purchase their health care at a reduced group rate compared to the cost for a private citizen. Employees are then invested into the group health insurance if they so choose and can take advantage of generally lower deductibles and up-front costs. Companies decide how much they are willing to pay for the employee’s benefits and the employee pays the rest. Typically, an employee’s immediate family may also receive health insurance benefits through the company plan.
Businesses may opt to include items such as dental care and vision care as part of their health insurance package. Typically, employees can opt in or out of including these items, thereby increasing or decreasing their share of the cost.
Companies may choose to offer health insurance coverage immediately or after a suitable period of employment, such as 60 days.
What Are The Benefits of Health Insurance?
With companies today competing ferociously for skilled employees, a good and fair health plan can tip the balance in one company’s favor. But even beyond that – providing affordable and good health care is a measure that shows a business cares about its employees’ wellbeing. Employees who feel like the company cares about them are:
- More likely to be motivated to perform at or above expectations
- More likely to stay with their current company
- More likely to be working, rather than taking sick time off
Additionally, there are tax breaks available for companies that provide health insurance. Remember, just offering health insurance is no guarantee that a business will realize these benefits. Companies should pursue a group policy that provides acceptable to stellar employee benefits.
Get Medical/Health Insurance For Your Employees Today!
Businesses can purchase group health insurance plans for their employees with Covered By Us. Covered By Us does the comparison shopping for you to make sure you get affordable and reliable coverage for your employees. Employers can request a free health insurance quote by calling us at 626-858-0071. Contact us today to start your coverage.
