Tag Archives: group health insurance

Taking Care of Everyone’s Medical Needs With Group Health Insurance

June 18, 2014health insurancegroup health insurance, small business health insurancePaul Oliver

Taking Care of Everyone’s Medical Needs With Group Health Insurance | JT Insurance Services When someone is looking for a job, there are many things that they look for in an employer. They want to know how much money they will be able to make, if the job offers a good retirement plan, and having paid vacations is a great advantage. While all of these benefits are wonderful, and anyone who gets a job that provides these things is considered lucky, most people want to find a job that will give them health insurance. Everyone knows that obtaining health insurance can make all of the difference in the world if one should happen to get a critical illness, or get into an unfortunate accident. This is why employers do their best to find a group health insurance policy that they can offer to their employees.

Anyone who is trying to find a group health insurance policy wants to find the best possible coverage for a reasonable price. Employers know that providing their employees with health insurance can be an expensive endeavor. People who work for companies that are willing to take care of their employees are more likely to find satisfaction in their work, and they often perform better than people who feel like they are not being taken care of. This is why many insurance companies help employers out by providing group insurance policies at affordable rates. This way everyone can be happy.

An advantage of this type of insurance is that it makes it possible for some individuals to get great health insurance that may otherwise find it difficult to do so. Someone who has a history of medical problems will be able to obtain affordable insurance with a group insurance plan, because the overall cost of the insurance is spread out among everyone who has the group policy. This way everyone can be taken care of, and the cost of the insurance does not get too high. Group health insurance plans are an excellent way to take care of a large group of people, and ensure that their medical needs will be taken care of.

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Reward Both You and Your Employees by Offering Small Business Health Insurance

June 10, 2014health insurance, small businessgroup health insurance, small business health insurancePaul Oliver

If you are a small business owner, you may benefit by including small business health insurance in your benefits package. Unlike large business owners, employers with fewer than 50 employees may choose not to offer insurance to their employees without being penalized by the government. There are some things to consider when deciding whether or not to offer this benefit to the employees of your business.

Health insurance is considered to be a huge perk for employees, now that coverage is required and can be quite pricey for an individual. As a result, companies that offer health insurance tend to see more applicants and even more qualified employees. Once hired for a job, workers with medical insurance tend to be more loyal and stay in their positions for longer periods of time than those who do not receive benefits. Also, there is the added benefit that employees with insurance tend to be sick less often and miss fewer days of work.

Smaller business owners have a bit of an incentive to offer small business health insurance to their employees. If you are a business owner with fewer than 25 employees working full-time, you may receive a tax credit from the government. In order to qualify, the average of your employees’ wages must be less than $50,000 annually, and you must contribute a minimum of half the cost of an individual’s premium. This contribution will gain you a credit of up to 50 percent of the amount in 2014.

If your business has between 25 and 50 employees, you will not receive a tax credit for offering medical coverage. You will need to compare the positives and negatives to determine whether offering small business health insurance is a smart move for your business. There are different levels of coverage you can offer if you want to offer the perk but cut down on your premium costs. If you are on the fence, consult with a health insurance broker who can sit down and discuss the best options for you.