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Torian Insurance offers affordable group medical insurance plans that cover your employees. We have a variety of plans to choose from, and we’ll work with you to find the perfect plan for your business.
Group medical insurance is a valuable benefit that employers should consider for their workforce. It provides employees with access to comprehensive healthcare coverage, including essential services such as doctor’s visits, hospital stays, preventive care, prescription medications, and specialty services. By offering a group health plan, employers not only enhance their employees’ overall well-being but also create a more attractive workplace.
One of the primary advantages of group medical insurance is cost-effectiveness. Since the risk is shared among a larger group, premiums are generally lower than individual plans, making it financially feasible for businesses to provide quality coverage. Additionally, employers can take advantage of tax savings, as contributions to employee premiums can often be deducted as a business expense.
Navigating the complexities of group medical insurance can be overwhelming, but you don’t have to do it alone. Collaborate with a trusted insurance agency with extensive experience in health coverage.
Once you’ve engaged with an expert, work together to tailor a group medical insurance plan that aligns with your specific organizational goals and employee needs. Consider factors like coverage options, premium shares, and additional benefits.
Enhance your employee satisfaction and retention by providing comprehensive group medical insurance. It’s a crucial benefit that not only attracts top talent but also fosters a healthier workplace environment.
You can rest easy with Torian. As independent Insurance agents, we work for YOU, not the insurance companies! Our expert staff has your best interest at heart which means providing the best coverage.
Group medical insurance is a type of health coverage offered by employers or organizations to a group of individuals, typically employees. It provides collective benefits, often at a lower cost, since the risk is spread across a larger pool of insured individuals.
If your business has fewer than 50 full-time or full-time equivalent employees, you are NOT obligated to offer health insurance. However, if you have 50 or more full-time employees or their equivalents, you are required to provide affordable health insurance that meets the coverage standards set by the ACA.
Providing group health insurance to your employees offers numerous benefits that can significantly enhance your company’s culture and operational success. Here are some compelling reasons to consider:
1. Attracts Top Talent: Offering group health insurance is a powerful tool for recruitment. In a competitive job market, candidates often prioritize health benefits when evaluating employment offers. By providing comprehensive coverage, you can attract skilled professionals who might otherwise choose a competitor.
2. Improves Employee Retention: Health insurance is a highly valued benefit among employees. Providing group coverage can increase job satisfaction and loyalty, leading to lower turnover rates. When employees feel that their health and well-being are prioritized, they are more likely to remain committed to your organization.
3. Cost-Effective Coverage: Group health insurance usually offers lower premiums compared to individual plans because the risk is spread across a larger pool of insured individuals. This financial advantage allows you to provide quality benefits without straining your budget.
4. Tax Benefits: Employers who contribute to group health insurance premiums may qualify for tax deductions, reducing overall tax liability. Additionally, some small businesses may be eligible for tax credits under the Affordable Care Act (ACA), further alleviating expenses.
Group medical insurance plans typically cover a range of services such as hospitalization, preventive care (immunizations, screenings), outpatient services, prescription medications, mental health services, and specialty care. Additional benefits like dental and vision coverage may also be included.
Premiums for group medical insurance are determined based on several factors, including the size of the group, demographics (age, gender), claims history, and the level of coverage offered. Employers and employees often share the cost of premiums, with employers typically covering a significant portion of the expense.
Employees usually enroll in group medical insurance during a specified enrollment period, often when they first become eligible (e.g., upon hiring) or during an annual open enrollment period. Some employers may also offer a special enrollment period for qualifying life events, like marriage or the birth of a child.
Last summer during the Covid-19 crisis our employee insurance came up for renewal and the team at Torian stepped up for us big time. They made it fast and easy for our company to transition to one of their providers with white glove service. Our employees had new cards and coverage without a single hitch. We’re so happy to have them as our insurance company.
We have recommended your agency very highly to friends. We have been extremely pleased with the services we received when we turned claims in. It has always been a very uneventful experience---and that is a good thing. It is so good to know that things will be taken care of and you don't have to dread dealing with your insurance company.
3000 E Division St. Evansville, IN 47711 | Phone: (812) 424-5503 | Contact Us
3000 E Division St.
Evansville, IN 47711
Phone: (812) 424-5503
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