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Home > Blog > What Is Group Health Insurance?
WEDNESDAY, OCTOBER 27, 2021

What Is Group Health Insurance?

Setting your business apart in a competitive job market is important. One thing that could put your business above the rest—particularly when a potential employee is searching for a job—is your health insurance offering. Group health insurance is one of the most desired benefits amongst employees, primarily because health care can be expensive without the proper health insurance coverage.  

At Insurance for Wholeness & Health, we want to help you offer the best coverage to your employees. First, start by learning about how the coverage can set you apart.  

Why Is Group Health Insurance Important?  doctor standing with arms crossed
Group health insurance is health coverage offered to a group—typically company employees. Deciding whether or not to offer health insurance to your employees can be a challenging decision. There are many ways in which offering health insurance can help your employees and your company as a whole. The following are a few reasons why offering health insurance is important: 

  • Lower premiums—Group plans are vastly more affordable than individual plans 

  • Hiring and recruiting improvements—Employees are more likely to want to work for a company that has a robust benefits package  

  • Loyalty and retention—Not only will employees want to work for you, but they will be more likely to keep working for your business when health benefits are offered 

  • Job satisfaction—When employees are content with their job and benefits package, overall job satisfaction can improve 

  • Healthier employees—Employees are less likely to take sick days and leaves of absence if they’re able to receive the proper health care 

  • Accessible and affordable coverage—Offering group insurance makes medical coverage attainable for your employees

 

By providing your employees the opportunity to receive coverage through a group health plan offered by your business, you are setting both your employees and business up for success. Still, it’s important to be informed about the pros and cons before making a final decision. 

Contact Us Today! 
Deciding whether or not to provide group health insurance to your employees isn’t something to take lightly. At Insurance for Wholeness & Health, we’re here to help you make an informed decision that’s right for you.  

Posted 10:59 AM

Tags: group health insurance
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