Group Health Information
Group Health Insurance
For Provo & Utah County, Utah
The key to a successful business is always great employees. Finding and maintaining good talent is difficult these days, as business are offering competitive employee benefits package to draw in employees. Having a fantastic employee benefits package is a must. One of the most important parts of a benefits package is health insurance.
Offering a comprehensive and affordable group health insurance package can be the difference in attracting and obtaining great talent. ISU-Wiseman Insurance works with businessowners to tailor a group health insurance policy that suits the employees and the business' budget. Give us a call at (801) 377-3060 or reach out to us online.
Common Group Health Insurance Questions
Eligibility for group health insurance depends on the size of the business and number of employees. Most businesses qualify with one full-time employee.
All full-time employees must be offered group health insurance. This insurance may also cover the employee's spouse and dependents.
Generally, businesses with 1-50 employees qualify for small business group health insurance.
The cost of group health insurance is typically split between employer and employee. On average, businesses pay around $5,711 a year for group health insurance coverage. Keep in mind that this also depends on the number of employees and amount of coverage.
Group health insurance is a great benefit to offer employees who don't have an individual health insurance policy. Group health insurance spreads the risk and costs of health insurance between employers and employees.
Employers can purchase a single group health insurance policy. This is a policy with the insurance provider of their choice. Employees can then choose to sign up for group health insurance through their employer. The employees do not have a choice in who the insurance provider is, but they do have some flexibility in the type and amount of coverage they sign up for.