Group Health Information
Do you struggle with your group health insurance renewal for your business every year? You're not alone.
Just like any other insurance coverage, group health premiums are constantly changing. And not for the better. Allow us to assist you with all your group health insurance needs with our innovative ideas to help you lower you overhead costs.
We currently have access to every approved health insurance carrier in New Jersey and the tri-state area and can:
- Handle between 2-5000 employee groups
- Offer national programs depending on business type
Get on the right track when it comes to your group health insurance plan! Contact us or fill out our online Health Census Form and Doug Bramson will be happy to discuss your group health insurance needs.
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.
- Many employers pay a portion of employees’ premiums.
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.