Group Health Insurance

Group health insurance not only protects you and your staff in the event of a health issue, but it also serves as a valuable benefit that many prospective employees look for. And while it may seem like group health insurance policies are only available to large corporations, there are actually many different options to accommodate businesses of all sizes.

So, whether you have five, 10, or even 100 employees, WSMT can help you find the right group health insurance policy for you.

What Is Group Health Insurance?

Group health insurance is a type of medical coverage designed for businesses. A group health plan saves businesses money on two fronts. First, premiums tend to be lower because the insurance company's risk is spread across a group of people. Second, the business is able to save on their tax returns because they're paying for the policy with pre-tax dollars and deducting their contributions. Businesses of all sizes are eligible to purchase group insurance, even if they only employ two or three people.

Health Coverage Options for Employers and Employees

Group health insurance policies offer both employers and employees a variety of options when it comes to coverage and claims. As with other insurance policies, a low deductible tends to correlate with a higher premium and vice versa. You'll work the details of your policy out when you talk to your agent about coverage options.

All businesses are required to provide a minimum standard of insurance in accordance with the Affordable Care Act. A group insurance policy is a great way to make sure you meet those requirements in a way that works for you as a business owner.

Add Group Health Insurance to Your Business Insurance Package

Along with general liability insurance, worker's compensation insurance, and life insurance, group health coverage is a no-brainer when it comes to protecting your company and your employees. To save on your policy, consider purchasing it as part of a business insurance package.

Contact WSMT Insurance for All of Your Group Health Insurance Needs

Business insurance in Maryland can seem complicated, but we're here to make it simple. Give WSMT a call today to find out more about your group health insurance options!