Group Health Insurance in Downey CA & Whittier CA
Benefits that Keep your Employees Happy
Mikel’s Insurance Services provides group health insurance to businesses in Downey, Whittier, Lakewood, Cerritos, Bellflower, Long Beach, and surrounding areas.
As an employer in today’s business world, Mikel’s Insurance Services knows how important it is to provide health insurance to the most valuable asset of your business – your employees. By providing each employee with a plan that meets their expectations, it can help your business lower turnover and keep a staff that’s healthy and insured with peace of mind.
At Mikel’s Insurance Services, we’re proud to offer a variety of group health Insurance plans for small to mid-sized businesses – for quality assurance and additional benefits. Our health insurance specialists will work with you one-on-one to develop a group plan that’s not only affordable but complements your business’s needs.
What Is Group Health Insurance and How Does It Work?
Group health insurance is a type of health insurance that employers purchase and offer to their employees. Employers select the provider, and employees typically have options about the type and amount of coverage they choose. Group health plans vary concerning coverage, costs and other plan specifications.
If your business offers group health insurance, employees do not have to sign up for it. However, if an employee chooses to opt into coverage, they will typically pay a portion of the premium during each pay period along with the business. Employees and the family members they enroll can then receive healthcare coverage in accordance with the plan they select.
Who Can Sign Up for Group Health Insurance?
Generally, a person must be on an employer’s payroll to be able to sign up for group health insurance coverage. Typically, once an employee is enrolled, they may then sign up eligible family members for coverage.
When Can Employees Sign Up for Group Health Insurance?
Employees can typically sign up for group health insurance coverage during open enrollment periods or during a special enrollment period (SEP) after a qualifying life event (e.g., change of job, birth or adoption of a child or marriage).
Which Plan Is Right for Your Business?
Group health insurance plans typically include either indemnity plans, such as Fee-for-Service (FFS), or managed care plans, including: Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), and Point-of Service (POS).
The major difference between Indemnity and managed care plans is the types of providers, choices of doctors and physicians, out-of-pocket expenses, and medical bill payments.
Since group health insurance options vary from state to state in coverage options and benefits, as well as the size of your business, it’s important to discuss your business’s Health Insurance needs with a specialist at Mikel’s Insurance Services who can help you find a solution that’s ideal and feasible for you and your employees.