Group Health Insurance Plans
Group Health Insurance plans are available to businesses and organizations with at least 2 employees. Coverage options are selected by the business and offered to employees who can accept or decline participation in the plan – 70% participation is required. While premiums are paid by the business, employees typically contribute to premium costs through withholding during each pay period. In most cases, coverage can also be extended to the immediate family and/or dependents of the employee.
The cost of group health insurance is lower than an individual plan as larger groups reduce the risk and administrative costs for the carrier.
There are several types of group health insurance plans, including Health Maintenance Organizations (HMO), Preferred Provider Organizations (PPO), Point-of-Service Plans, and High Deductible Health Plans (HDHP). Each plan type can have a wide array of coverage options, with significant differences in deductibles, coinsurance, copays, the network of providers available to the members, and of course premiums.
Let us guide you through all of our Group Health Insurance Plan options.
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