|
Group
Health Insurance
Click for Health Product
Types
What is Group Health Insurance?
Health
insurance provided to members of a group of
persons, as employees of one or more employers
or members of associations or labor unions. The
term is usually used to distinguish this type of
health insurance from individual health
insurance. One master contract is written to
cover the group.
Small Business Health Insurance
If you own or belong to a business or
organization with less than 50 people small
business health insurance has lots of benefits
for you. Besides providing medical care for
yourself and your employees, a small business
health insurance plan helps spread the financial
risk between all the members, which usually
means lower premiums and more extensive coverage
for everyone. But group health insurance
has tax advantages too. Employer contributions
to a small business health insurance plan are
generally 100% tax deductible, and employees
save on payroll taxes. Small businesses
(and certain organizations, like non-profits)
are generally eligible for group health
insurance so long as they can show two or more
full-time taxable employees.
Key
questions for evaluating a health
plan:
-
Are there deductibles to be paid before the
insurance begins to help cover costs?
-
What doctors, hospitals, and other medical
providers are part of the plan?
-
Is
there enough providers available in your
area?
-
Can doctors outside a plan's network be
used, if so, what are the costs?
-
Are there any limits to how much is paid in
case of major illness?
Looking for Individual
Health Insurance?
|
