Health Insurance
Because your team’s healthwell-beingwellnessproductivity is important
As a business owner, providing group health insurance isn’t just a benefit for your employees—it’s a strategic investment in your company’s success. Offering quality health coverage can help you attract top talent, improve employee retention, boost productivity, and even provide tax advantages.
What is Group Health Insurance?
Group health insurance is a single health plan offered to employees and, in many cases, their dependents. These plans provide coverage at a lower cost per person than individual health plans, making healthcare more affordable and accessible for your team.
Key Features of Group Health Insurance:
- Potential tax benefits for employers
- Lower premiums compared to individual plans
- Employer contributions to reduce employee costs
- Coverage for employees and their dependents
- Access to a wider network of healthcare providers
A competitive benefits package, including health insurance, is a key factor in attracting and retaining skilled employees. In today’s job market, workers prioritize employers that offer robust healthcare benefits.
Healthy employees are more productive and take fewer sick days. Access to preventative care, mental health services, and wellness programs helps your team stay healthy and focused at work.
Offering group health insurance can provide significant tax benefits:
- Employer-paid premiums are tax-deductible
- Businesses may qualify for the Small Business Health Care Tax Credit
- Contributions toward employee premiums are often excluded from payroll taxes
Providing health coverage fosters a positive company culture and shows employees that you value their well-being. Higher job satisfaction leads to better morale, engagement, and loyalty.
In some cases, offering health insurance is required by law. Under the Affordable Care Act (ACA), businesses with 50 or more full-time employees must provide health coverage or face penalties. Even for smaller businesses, offering insurance can prevent legal and compliance headaches.
How to Choose the Right Group Health Plan
When selecting a group health plan, consider:
- Plan type: HMO, PPO, EPO, or HDHP with HRA/HSA options
- Network coverage: Ensure it meets employees’ healthcare needs
- Premium costs: Balance affordability for both employer and employees
- Additional benefits: FSA, Dental, Vision, Mental Health, and Wellness Programs
Our Team can help you evaluate plans and find the best fit for your business.
No-Obligation FREE Quote
All we need is everyone’s Name, Date of Birth, and Zip Code to get started with a health insurance quote.
Email: info@apexbenefitgroup.com
Questions? Call 215-795-0509
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