Group Health Insurance Plan

Group Health

All business owners want to secure the future of their organizations. They can do this by making sure that their employees are at the peak of their health. And in case of health problems, they need to have a reliable health insurance to help them in their care and recovery. East Coast Financial Group helps business owners and entrepreneurs secure the welfare of their employees to ensure business profitability.

Traditional Group Health Insurance

This type of health insurance provides coverage for all members of a particular group, whether it is a company or an organization. The cost of individual insurance premiums is often lower in group health insurance policies because of the distribution of the insurer’s risk across a number of individuals. In its simplest form, an employer shares in the payment of insurance coverage for everyone under his or her employ.

Self-Funded Programs

In the past, a majority of businesses partnered with a Health Insurance Company. They pay these providers to manage the health care claims of the businesses’ employees. However, this may not be ideal for small- and medium-sized businesses because of the cost of premium. A better approach may be a Self-Funded Group Health Insurance Plan.

Typically, self-funding has been used by large companies to control benefits costs. Self funded Insurance plans can now be an affordable option for small to mid-sized groups, too. We can help you determine if self-funding makes sense for you.

One advantage of self-funded group health insurance is that it is exempt from state laws. This affords business owners to decide on the kind of coverage that their employees can get.

Advantages of Group Health Insurance

There are many advantages to getting a group health insurance for your company. It protects your investment as a business owner. It also ensures optimum employee productivity. Having a comprehensive group health insurance can also retain valuable employees while attracting new ones. It also maximizes the after-tax compensation for employees, allowing them to enjoy more of the fruits of their labor.

For employees, having a group health insurance is less expensive than non subsidized Individual coverage. And since it is a group policy, they do not need to worry about securing the different documents for application. This provides a greater sense of security, allowing employees to work their best.

Getting the Right Group Health Insurance

There are many insurance companies that provide Group Health Insurance. Choosing the plan that best fits into an organization’s needs can be tricky. At East Coast Financial Group, we’ll take care of this burden for you. Our team of Insurance Specialists will analyze your needs, including your budgetary concerns. We’ll present you with an array of group health insurance quotes that meet your needs and requirements.

Trust East Coast Financial Group to help you safeguard the health of your employees. This way, you can ensure the continued success of your business.

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