Group Insurance for Small Businesses
If you’re one of the 30 million people who recently lost their job due to the COVID-19 outbreak, you may be wondering what you’re going to do about your health insurance. Now that a large number of Americans are without stable health coverage, and possibly looking into starting their own businesses, they’ll begin looking into their options for health insurance. While many may think an individual health insurance plan is their only option, small group health insurance only requires two participants and offers many benefits to the small business owner.
What is group health insurance?
Group health insurance is a policy that is owned by a company and offered to its ownership and/or employees Group health insurance policies are paid for by companies and not individuals.
What are the benefits of group health insurance?
Larger networks
Lower rates
Lower deductibles
More carrier options
Tax benefits for both employer and employee
Why group health insurance?
Group health insurance creates and offers stability and security for the small business owner, freelancer, and consultant. The group market, unlike the individual market, is stable with steady rates, renewal processes are easy and often seamless, and fixed networks.
Small Group Health Insurance is a great way to come together as a community of small business owners and enjoy the benefits of lower rates and deductibles. During these uncertain times, it’s great to have some peace of mind, and knowing you’re covered by health insurance should be a part of that.
