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Affordable Group Health Insurance Plans Cary NC by IBA

One of our specialties is working with businesses to provide quality and affordable health insurance plans to their employees. We are a leader in employee benefit management and will develop effective affordable benefit solutions for your company in Cary, Apex, Raleigh, Durham, Charlotte, Wilmington, Greensboro or another North Carolina location. For more information you can call us at (919) 303-9690 Monday to Friday between 10 AM to 5 PM or visit us at https://www.thebenefitadvisors.com/group-benefits/small-groups/

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Affordable Group Health Insurance Plans Cary NC by IBA

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  1. Affordable Group Health Insurance Plans Cary

  2. What is Group Health Insurance Policies? Group health insurance coverage is a type of health policy purchased by an employer and offered to eligible company employees and their dependents. Currently, more than half of working Americans have group health insurance coverage through their employer, or the employer of a family member. With group health insurance, the employer selects the plan (or plans) to offer to employees. The premium cost is often split between the employer and employee, and there is a minimum percentage rate the employer must contribute.

  3. Why is small business group health insurance cheaper than individual health insurance? There are a few reasons why small group health insurance usually ends up costing less per person than individual plans. Employer contributions – For employees, a clear reason for affordability of group plans is that their employer generally pays for at least half of the premium.

  4. Tax benefits for employees – In addition to benefitting from employer contributions, employees are usually paying for their part of the premium with pre-tax money, which can add up to significant savings. Tax benefits for employers – As an employer of a small business, don’t think that all the burden of health insurance will fall on you though. There are definite perks to being a small business owner and providing small business group health insurance. You will likely pay at least fifty percent of the monthly premiums for your employees, and you may be able to deduct these costs from your business taxes. In some cases, you may even be eligible for special tax credits.

  5. Risk pool advantages – As the Small Business Administration explains, the spread of risk across a group is a fundamental theory of insurance. High costs of one insured person have a smaller effect in a larger pool. In other words, more people are paying to support the few who use the benefits of being covered to their full extent. Of course there are different reasons why plans cost less or more, and cost will vary from plan to plan. Call us at the Independent Benefit Advisors and we can help you find the right benefit plan for your small business!

  6. Affordable Group Health Insurance Plans Cary NC Need more information about the cost of Affordable group health insurance? Give Independent Benefit Advisors a call today at +1 (919) 303-9690. Independent Benefit Advisors

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