Compare Group Health Insurance Quotes and Save!
By offering group health insurance, you’re making an important investment in your workforce and offering a valuable benefit to your employees. Before you decide on a plan, however, it’s necessary to understand the many different types of policies available. This is where InsuranceQuotes.com can help. We offer a wide range of information resources to help you to identify the best plan for your needs, including an extensive articles library.
Once you’re ready to obtain group health insurance quotes from some of the nation’s top providers, just complete and submit our simple, 6-minute online questionnaire. When you receive your free quotes, InsuranceQuotes.com can help you choose an affordable policy that offers quality coverage for your employees.
There’s no better time than now to starting saving up to 20% on insurance premiums by shopping online with InsuranceQuotes.com. To date, we’ve connected over 25 million users to the insurance industry's largest agent network. Collect and compare your free group health insurance quotes today, and discover just how much you can save!
Why Do You Need Group Health Insurance?
It’s no secret that today’s health insurance costs have skyrocketed. As an employer, you may think that you can’t afford to provide group health insurance to your staff. But before you make such a judgment, shouldn’t you consider how offering an employee health plan is good for your business? Here is some food for thought:
- In order to succeed in business today, employers must compete to attract and retain the best and the brightest employees. For many employees, a group health plan is the most desirable benefit an employer can offer—even more desirable than a higher wage.
- Employees who are covered by health insurance are more likely seek to medical treatment when they need it, and a healthier work force means lower absenteeism and higher productivity.
- You may be able to deduct the premiums you pay and reduce your payroll tax by offering a health insurance plan for your employees.
- How to Shop Smart for Group Health Insurance Quotes
The cost of health insurance is one of the number-one concerns of smaller businesses today. If your current group health premiums are breaking your budget, or if you have no health plan but would like to offer one, shopping for the best value in a quality plan is essential. Here are some things to keep in mind as you review your options:
- You can get valuable group health insurance coverage at a reasonable rate through a high-deductible plan. Employees will have to pay out-of-pocket deductibles, but they'll be protected from the serious consequences of being without coverage in the event of major illness or injury.
- While you can share costs with your employees, as the employer you are required to contribute at least 25% of the premiums for group medical insurance coverage.
- Many group medical carriers require participation by at least 60% to 70% of eligible employees in order to underwrite (provide coverage to) the group.
- Understand the difference between fee-for-service plans and managed-care plans. Fee-for-service plans are more expensive but offer greater choice of providers. Managed-care plans, such as health maintenance organizations (HMOs) and preferred provider organizations (PPOs), help to keep costs down.
- At first glance, the lowest rate may seem the most attractive, but be sure to consider the coverage offered by each plan as well as the cost of the premiums. Make sure coverages—such as hospital expenses, major medical, physicians’ fees, and prescriptions—are essentially the same before comparing the rates.