Group Health Insurance Options for Employers
Offering health insurance is one of the most important decisions an employer can make for their team. Group health plans not only help attract and retain top talent—they also contribute to a healthier, more productive workforce. Whether you’re a small business or a large corporation, there are flexible, affordable group health insurance solutions to fit your needs.
What Is Group Health Insurance?
Group health insurance is a single policy issued to an organization that covers eligible employees—and often their families. As the employer, you typically share the cost of premiums with your employees, which helps make the coverage more affordable and accessible.
Types of Group Health Plans Available
1. Fully-Insured Plans
These are the most traditional plans, where an insurance carrier assumes the financial risk for employee health claims. Employers pay a set monthly premium to the insurer.
Predictable monthly costs
Simple to manage
Wide range of plan options and networks
No medical underwriting required
2. Fully-Insured Plans
These are the most traditional plans, where an insurance carrier assumes the financial risk for employee health claims. Employers pay a set monthly premium to the insurer.
Cost control with potential savings
Access to claims data
Stable monthly billing
Medical underwriting is required
3. Self-Funded (Self-Insured) Plans
Larger employers may choose to fund their employees’ medical claims directly, assuming the financial risk. These plans often include stop-loss insurance to protect against high-cost claims.
Maximum flexibility
Potential cost savings
Customizable coverage
Need Help Determining if You Are in a Position to Offer Benefits to Your Employees?
Have Existing Group Benefits That You Would Like Reviewed to Determine Potential Savings?
