Information is knowledge and knowledge is power. Here at the Point Insurance, we want to make sure you have everything you need to make informed decisions about your (and your employees’) well-being. 🙂
So what, exactly, is group health insurance?
Did you know that businesses with at least two employees in any industry, your business can qualify for a group policy? In a nutshell, this is employer-sponsored health coverage for business owners, employees and employee dependents. Here, the employer and the employee share the cost of the premium. The employer can choose to cover anywhere from 50–100% total medical insurance costs. Coverage available in group plans includes medical, dental, vision, life insurance, flexible spending accounts, as well as ancillary benefits (i.e. accidents and disability).
What you don’t know can save you money.
If you think group health insurance is just another business expense, think again. There are two key benefits:
1) Increased Employee Retention.
2) Tax Credits or Deductions.
How does this save you money?
Taking care of your employees will ensure that they stay with you for the long run, growing with you and saving you from losses related to training new employees.
How does this work with the Affordable Care Act?
Because everyone in this country is required to have health insurance, tax credits are offered to small businesses to support you in caring for your employees. These credits are only available when you purchase your plan through The Exchange, which is California’s online health insurance marketplace, a.k.a “Covered California.”
Want to get started with a group plan? It’s easy!
At The Point Insurance, we support businesses like yours in making the best health insurance choices every day. We can offer you plans through both The Exchange and directly from insurancecompanies while demonstrating the benefits of both. We can offer you plans; we’ll work together to find the right plan for your team, then walk you through the application process.
Your Friends at The Point Insurance