Group Health
Group Health Information
Health insurance is essential coverage. Without it, you could be left with piling out-of-pocket medical costs. Group health insurance offers policies to a group or organization. At First Insurance Group, we help you determine what coverage options are best suited for you.
How Does Group Health Insurance Work?
Group health insurance plans are purchased by a company or organization and then offered to employees. Group plans can only be purchased by groups, meaning that an individual looking for health insurance cannot purchase group health plan coverage. For the plan to be valid, there must be 70 percent participation.
Once your organization chooses a plan, you can accept or decline coverage based on your wants and needs. The price of the premium is often split between the organization and the employees. Employees pay their premium typically through pre-tax payroll deductions each pay period.
How Much Does Group Health Insurance Cost?
The cost of group health insurance is typically lower than obtaining insurance individually. Employers usually pay the majority of the group health insurance plan cost, which leaves employees with the difference to pay as their premium. If you’re curious about group health insurance costs, reach out to an agent for further discussion.
Get Started Today
At First Insurance Group, we help you understand the coverage options available to you. Talk to an agent for more information or get started with a policy today.
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