Health insurance is one of the best investments you can make into your health. No one wants to deal with a health emergency, but if an emergency does happen, quality health insurance can help save you money and headaches. One popular form of health insurance available to employees is group health insurance, which is typically provided through your employer. There are many incentives for an employer to offer group health insurance, but here are some of the benefits to employees.
- They’re typically cheaper. Depending on the individual health insurance plan you’ve been looking at, you may find a cheaper option in your company’s group health insurance option. While of course there is a lot of variety in different plans, group health insurance policies are typically less expensive.
- Your family can join in. Group health insurance plans cover employees and their families, which simplifies the process of trying to find individual health insurance plans for several different people. This is especially nice if you are part of a single-income household.
- Coverage for pre-existing conditions. If you have a known chronic or previously diagnosed condition, you know how important it is to remain covered when transitioning to a new health insurance plan. Group health insurance plans give you the opportunity to file claims for your pre-existing conditions right after your new policy kicks in.
Group health insurance offers many benefits to both employers and their employees. If you have any questions about group health insurance coverage and which option is right for your company, come talk to us here at Elite Benefits Group.