What Is Group Health Insurance?

Group health insurance is a valuable benefit that many employers offer to support the well-being of their employees. At Mikel's Insurance Services, we understand how important it is for employers to provide quality health coverage while managing costs and meeting state requirements. If you’re a business owner or HR professional, understanding group health insurance can help you make informed decisions for your team.

What Is Group Health Insurance?

Group health insurance is a type of health plan that employers offer to their employees as part of a benefits package. Instead of each employee purchasing an individual policy, the business purchases an arrangement that covers all enrollees of the group. This approach can have multifaceted advantages for your business, as well as your staff.

Benefits for Employers and Employees

Offering an optimal group health plan tailored to your employees’ needs and preferences can provide several advantages, including the following:

• Increased attraction and retention—Ideal employee benefits, including health coverage, can make your business more appealing to current and prospective employees.
• Cost savings—Group plans often have lower premiums per person compared to individual policies, thanks to risk pooling and potential tax advantages.
• Improved employee wellness—Access to preventive care and medical services can help keep your team healthy and productive.
• Assured compliance—In California, certain businesses may be required to offer health insurance, and group plans can help meet these obligations.

How We Can Help Your Business

Our team at Mikel's Insurance Services specializes in helping California businesses navigate the complexities of group health insurance. We’ll work with you through the following processes:

• Assessing your business’s unique needs and budget
• Comparing options from leading insurance carriers
• Explaining plan features, eligibility and enrollment requirements
• Supporting you through the application and renewal process

Find the Right Group Health Plan

Contact us today to discuss your group health insurance options and find the right coverage for your employees.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.