You have likely heard about group health insurance but perhaps aren’t sure what it is all about. There are a number of benefits to group health insurance in Windsor, Fort Collins, Loveland, Greeley, Longmont, and the surrounding areas. When you want to learn more, give a call to Volk Insurance Benefits and speak with our agents. We are an independent insurance company and can shop the market on your behalf to find the best options for your needs. Contact us today to learn more.
Benefits to Group Health Insurance
What are some of the advantages of group health insurance? Lower costs are one important factor. In the same way that buying in bulk reduces the per-unit cost, when you insure in bulk the per-person costs go down. With these lowered costs often come better insurance plans that offer more coverage as well. Employees will find these group health insurance plans to be much more affordable and cover more than an individual plan that you can find.
From a business perspective, offering a group health insurance option provides tax incentives for the business. Businesses will receive a small business health care tax credit when they offer these group health insurance policies. Where a business would pay a portion of the cost to be able to offer these group health insurance policies, the tax credit would come back to them to offset this cost, making it very inexpensive or even free for a business to offer them.
Employees will appreciate having the option of group health insurance because they will realize that the business cares about their well-being, they will feel valued, and the employees will come to see that they can build a career with the business. It will also make recruiting new employees an easier task because of the group health insurance offerings.
Benefits to the Business
Businesses will also benefit by offering group health insurance policies to their employees. Their employee pool will generally be healthier and miss less work, leading to an increase in productivity overall. Employees will also tend to stay at your business longer, leading to a greater experience base for everyone, especially newer employees. And when it comes time to add team members, businesses offering group health insurance in Windsor, Fort Collins, Loveland, Greeley, Longmont, and the surrounding areas will find better quality candidates applying for the open positions. Contact Volk Insurance Benefits today to get started on enhancing your business operations with a group health insurance policy.