Group Health Insurance can be more affordable than you think

Group health insurance is health insurance sponsored by the business owner for employees and most employee dependents. Surveys have shown that health benefits are second only to a pay check in order of importance to an employee. You may find it easier to hire and keep your top employees if you provide a good group health plan.

The majority of American families have group health insurance as their health insurance. It is based on sharing the cost of healthcare between the employer and employee. Also special government tax incentives are available to businesses that provide group health insurance.

How does group health insurance work?

An employer will select a group health insurance provider and ask company employees to enroll. Most often an employer will pay over 50% of healthcare costs of the employee. Employees are asked to for the rest of the premium paid to the health provider.

Also your company must meet the minimum employer contribution percentage set by the insurance company.

Is this right type of health insurance for my company?

This type of insurance could be right for your company if your company has two or more employees and you want to provide a health plan. Group health plans have many tax advantages including the possibility of lowering your payroll taxes.

Get started now by getting multiple quotes from major health insurance like:

• Blue Shield of California
• Anthem Blue Cross
• Kaiser Permanente
• Aetna
• And others

Before selecting a health insurance policy, carefully consider your company’s financial and your personal circumstances. Doing so will enable you to choose the most appropriate plan for your family and employees and more effectively manage your liabilities. The general rule of thumb: Try to insure you and your loved ones against the most serious and financially disastrous losses that can result from an illness or accident.