Pro Insurance Group offers group health insurance for employers looking for a plan to offer their employees. Choosing the right type of plan to offer to your employees can be used as a tactic to keep employees interested in their jobs. By offering them a useful and effective insurance policy, you can ensure your employees stay healthy and ultimately increase their work output. Don’t let your employees depend on a faulty insurance policy, provide them with the best possible coverage with Pro Insurance Group.
Group Health Insurance Plans
Healthcare offered by your employer to eligible employees is categorized as group health insurance. Those that fall into the requirements will share the cost of premiums with your employers. Advantages of a group health plan include splitting costs of premiums, those premiums not being subject to federal taxes, and your contributions being made pre-tax. This allows for employees’ taxable income to be lower.
High Premium Plans
When an employer chooses a high premium health insurance plan, their employees will pay more each month up front in order to pay a lower amount for their deductible (or in some cases, no deductible) when they receive care or order their prescriptions. Generally, employers will choose a high premium plan if their employees have frequent doctors appointments and or fill prescriptions often.
Low Premium Plans
With low premium health insurance plans, those who are enrolled will pay a lower amount each month, but will pay more for their deductible for doctors visits and prescription refills. A low premium plan is ideal for employees who rarely schedule doctors appointments and or do not require monthly prescriptions.
Why Choose A Group Plan?
For employees, group health plans are typically more affordable than an individual health insurance plan and premiums are pre-taxed, which means employees pay less in taxes annually. For employers, group plans are more cost effective for businesses as premiums for employees are less expensive than acquiring individual plans. Employers also pay lower payroll taxes and are able to deduct their annual contributions when filing income taxes.
Reach Out To The Business Insurance Brokers
Choosing the correct group health insurance plan for employees can be a tricky task, so it is important to reach out to an experienced business insurance broker at Pro Insurance Group. For more information or to acquire a policy today, give Pro Insurance Group a call at 833.619.0770 or by requesting a quote online.