Group health insurance policies are seen to be growing in popularity across the country, and this may be because there are some serious advantages to these policies rather than individual ones. Not only are they often cheaper than individual coverage in many states, but small company’s find them easier to manage. For example, there will be a monthly combined bill, uniform and regulated coverage for each employee along with many tax benefits. This ease of coverage is encouraging more and more small businesses to find out if they qualify for group health insurance:
While every insurance company may have differing standards and requirements, these are generally found to be the main prerequisites for coverage:
Since this last point can be a little complicated, we’ll look at it in more detail:
Enrolment in the health plan by at least 75% of full time employees within your company, is required by most insurers, but this is not always as straightforward
Many more businesses nowadays are turning to group health insurance plans, particularly as the individual insurance market seems to be getting progressively worse. Such group plans can end up saving you money and help you to attract and retain, a higher standard of employees.
There are many reputable companies offering great coverage at reasonable prices, and they will usually work closely with you to ensure that you are able to give your valued employees the best group health insurance plans, at the very best prices.
Apollo Payroll is one of the premier small business payroll services companies in Miami and Coral Gables. Apollo Payroll is dedicated to delivering expert advice, responsive service, and highly accurate payroll processing and reporting to ensure the success and growth of the business that we serve. Our services include comprehensive payroll services in Miami Gardens and other cities in Miami-Dade County, employee background check and group health insurance in Coral Gables & Miami.