Group Health Insurance built for you
Receive discounted health insurance by obtaining a group health policy.
- Group health insurance is vital insurance and allows you to retain better employees for longer.
- Access group health products through all of the largest recognized health insurers such as Humana, Aetna, United Healthcare, and much more.
- Health insurance premiums can be heavily discounted through a group plan; the more employees enrolled, the less expensive the monthly premium is for everyone.
- The health insurance premium is deducted from the employee's checks through our payroll company, and we help process those payments.
What is Group Health Coverage?
A group health insurance plan is a type of insurance coverage provided for a business's employees, which may also extend to their family members and dependents. This policy is procured by the employer or employee organization and made available to eligible participants and their dependents. The expenses associated with group health insurance are divided among the company and the individuals covered.
How do I qualify for Group Health Insurance?
Group Health Coverage can be aquired as long as your company fulfills 2 main requirements.
- Your company must have at least one qualified full-time or full-time equivalent employee (not including the company owner or their spouse)
- Your business must be a legal business entity in accordance with your state’s regulations.
Which of my employees can partake in my Group Health policy?
Your employees must follow guidelines set by the IRS. They must be a full time employee or a full time employee equivalent.
- Full-time employees : work a minimum of 30 hours/ week.
- Full-time equivalent employees : non-full-time employees; that qualify as the equivalent of a full-time employee by combination.
Additional benefits to choosing Payroll Service Pros for Group Health Insurance
Attract and Retain Top Talent:
Competitive health insurance is a major factor when candidates choose jobs. Offering good coverage positions your company as an attractive employer, helping you attract and retain skilled workers.
Increased Employee Productivity and Morale:
Healthy employees are more likely to be productive and engaged. By minimizing financial worries about healthcare, group insurance allows employees to focus on their work and well-being, leading to better performance and overall satisfaction.
Reduced Absenteeism and Turnover:
Access to healthcare can help prevent and manage chronic conditions, reducing unplanned absences due to illness. Additionally, offering health insurance can significantly decrease employee turnover, saving time and resources on recruitment and training.
Tax Advantages:
Employer contributions to group health insurance premiums are generally tax-deductible, lowering your overall business expenses. Some states also offer tax credits for small businesses that provide health insurance.
Improved Community Image:
Providing health insurance demonstrates your commitment to social responsibility and attracts customers and partners who value ethical business practices.
We're the Group Health Pros!
Group health insurance provides health coverage to a group of people, typically employees of a company or members of an organization. Unlike individual plans, the risk of covering members is spread across the entire group, allowing for lower premiums for everyone. This makes it a valuable benefit for both employers and employees.
Group health insurance is not just a benefit for employees; it's a strategic investment in your company's success. By offering quality healthcare coverage, you can attract and retain top talent, build a more productive and engaged workforce, and ultimately achieve your business goals.
Here's What You Can Expect
- Your employees and your company can protect their health
- We will walk you through your options
- Reduced healthcare premiums
- Increased employee satisfaction
- You will be in compliance with your states regulations
- Increased employee retention
- Wider bracket of employee recruits
- Attract top talent
