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Types of Group Health Insurance Plans

Group health insurance plans for small businesses were more of a bonus than a staple benefit. Traditional large carriers offer fully funded plans in which they take all the insurance policy risk. In a self-insured or self funded plan the employer assumes the financial risk of the health policy. Giving you peace of mind your budget is safe. To know more visit here https://www.capbluecross.com/wps/portal/cap/employer/shop-group-plans

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Types of Group Health Insurance Plans

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  1. Types of Group Health Insurance Plans Group health insurance plans for small businesses were a bonus than a staple benefit. On the positive side of fully-funded plans, you will pay the same premium each month during the plan period, making budgeting more predictable. In a self-insured or self-funded plan, the employer assumes the financial risk of the health policy. Offering health insurance to your employees is a commitment to them and the overall success of your company. Here are the types of group health insurance plans for small businesses:- Level-funded Self-funded plans Fully-funded plans Professional Employer Organizations Small Business Health Options Program

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