Health insurance is still a major item that people of all kinds look at and try to see if they can save money while maintaining their coverage level in Greeley, Windsor, Loveland, Longmont, Fort Collins, and the surrounding areas. One way that might be an option is group health benefits that include insurance coverage. Contact our team at Volk Insurance Benefits and we will take the time to review all of the options with group health benefits to see if it might be an option. We work with a number of different insurance companies and can help you find the right answer for you and your organization. Call us today to learn more.
Why Group Health?
Group health benefits are numerous which is why it is a popular option for many businesses. The main benefit of group health insurance is the lower premiums that they offer. Individual plans can be expensive because a single person or a couple are the only ones that are insured. If one or both of them have health issues, those premiums go up. With a group health plan, the group is covered, meaning that the risk is spread over more people. This lowers the premiums that each covered person has to pay.
Other family members can also be added to the plan, which is a big plus when obtaining a plan to cover these other family members could be cost prohibitive, or if there is a single earner in a family. There are tax benefits as well for both the employer and employee. Any money that employers contribute towards the monthly premiums for employees is tax-deductible. Even the employees’ premiums can be made pre-tax, thus reducing their taxable income.
Why Offer Group Health Benefits?
While you as the business owner might wonder why you would want to offer group health benefits, let alone pay some towards the cost for your employees. The fact is that most companies are now offering some sort of health insurance option, the majority of which are group health benefits. If you want to not only attract but retain good team members, it is important to offer some group health benefits.
Fortunately, it doesn’t need to be difficult or take a lot of time to get the right group health insurance in place. When you work with Volk Insurance Benefits, we will shop the market on your behalf to find the right group health insurance with the right coverages. Join the hundreds of other businesses in Greeley, Windsor, Loveland, Longmont, Fort Collins, and the surrounding areas who offer group health benefits.