What is group health insurance?
Group health insurance in Salt Lake City is offered by employers to their employees as a way to provide them with low-cost coverage that helps cover the cost of their basic healthcare needs.
All employees or members of an organization are covered under the same plan, and in many cases, these benefits are extended to eligible family members as well.
For many employees, this provides them with a level of basic healthcare cost coverage they wouldn’t have otherwise. It may also offer supplemental coverage for employees whose individual benefits are maxed out.
What are the benefits of group health insurance?
Group health insurance plans offer a variety of benefits not only to the employee but also for the employer.
Group health insurance premiums are often much lower than individual policies because the risk is spread over a group, rather than taking only one person’s health and risk factors into consideration.
In many cases, group health coverage is offered to employees at no cost to them, and in other situations costs are shared and premiums are low.
For the employer, providing group health insurance plays a big role in employee retention, hiring, and contributing to employees’ overall well-being and satisfaction.
What does group health insurance cover?
While it depends on the specific plan you choose, group health policies can cover costs related to:
- Vision care
- Dental care
- Basic medical expenses
When an employer is selecting a group health plan, they must weigh not only the type of coverage that’s best for their employees but also how much they can spend on a policy.
To find a specific plan that offers your employees comprehensive coverage but is also financially manageable for your business, contact the experts at Salt Lake City Insurance today.