Group insurance plans can provide coverage to a large number of people at a relatively low cost. The insurance may extend to family members for a small extra fee. Having group health coverage can be a very attractive benefit for employees.
There are many types of insurance available, but one of the most popular is group health. A group plan can offer extensive coverage for a very low price, and can prove to be a valuable benefit to your business. Whether you have a few employees or many, a group health plan can be the answer to your insurance prayers.
Group health plans come in all shapes and sizes. Some plans offer dental and vision plans as well as supplemental health insurance options. Others are more traditional health insurance products. Typical group health plans include preferred provider organization (PPO) and health maintenance organization (HMO) plans.
One of the best reasons to get your hands on a group health plan is the tax benefits that can be enjoyed by those who purchase them. Most group health insurance plans have a minimal or no deductible, which can help protect your finances from unexpected medical expenses.