Group Health Information
Group Health Insurance in Texas
One of the best ways businesses can attract and retain top talent is by offering competitive benefits packages, including health insurance. Some businesses, depending on their size, may be required to offer health insurance to full-time or full-time equivalent employees or face a fine.
Figuring out what type of health plans to offer to employees and their families can be overwhelming. The M A R Financial Group works with business owners to tailor group health insurance policy options that suit the needs of employees and employers alike.
Give us a call at 210-822-2333 or fill out an online form for a free quote today.
What Is Group Health Insurance?
Group health insurance is a type of medical insurance policy for employees or members of a company or organization. Employers can purchase a single group health insurance policy with the insurance provider of their choice, offering it to their employees. Employees do not have a choice in who the insurance provider is, but they may have some flexibility in the type and amount of coverage they sign up for.
Who May Be Covered Under Group Health Plans?
In order to be eligible to be covered under group health insurance, an employee must be on an employer’s payroll. The company must also pay payroll taxes. Once an eligible employee is enrolled, they may extend coverage to their dependents.
Generally, the following are not eligible for group health insurance:
Why Buy Group Health Insurance?
Group health insurance is a great benefit to offer employees. Today’s top talent is looking for companies that provide comprehensive benefits, and health insurance is a high-value benefit. Offering a competitive benefits plan that features health insurance can help bolster your attraction and retention efforts. Additionally, health insurance grants access to valuable care services, which means employees have an incentive to take better care of themselves. Healthier employees tend to be happier and more engaged employees.
Learn More Today
To learn more about group health insurance or to get a quote for coverage, give the team at M A R Financial Group a call today. You can reach us at 210-822-2333 or fill out an online form for a free quote.