Group Health Insurance

A Group health plan is a type of health coverage plan that is purchased by an employer and offered to eligible employees of the company and their dependents. It’s called group coverage because the risks are spread across the company’s employees and their family members, often resulting in lower premiums than individual insurance plans. Group health medical plans typically cover a wide range of healthcare services, including doctor visits, hospital stays, preventive care, and prescription drugs. By offering group health, employers can provide valuable benefits to their workers, which can help attract and retain talented employees while also ensuring the health and wellbeing of their workforce.

Small group health plans offer numerous benefits for small businesses:

1. Attracting and retaining talent: Offering health insurance can give small businesses a competitive edge in hiring and keeping skilled employees.
2. Tax advantages: Premiums paid by the business are typically tax-deductible.
3. Improved employee health and productivity: Access to healthcare can lead to healthier employees and reduced absenteeism.
4. Cost-effective coverage: Group rates are often lower than individual insurance rates.
5. Customizable plans: Small business group health plans can be tailored to meet the specific needs of the company and its employees.

At UCCU Insurance Services, we specialize in small company group health plans, helping businesses find affordable and comprehensive coverage options that benefit both the employer and employees.

Group health for employees typically works as follows:

1. The employer selects and purchases a group insurance plan.
2. Eligible employees are offered the opportunity to enroll in the plan, often during a specific enrollment period.
3. Employees who choose to participate usually share the cost of the insurance premium with their employer through payroll deductions.
4. Once enrolled, employees (and their covered dependents) can access healthcare services according to the plan’s benefits.
5. The insurance company pays for covered services, often after the employee meets a deductible or pays a copayment.

Group coverage insurance typically provides more comprehensive and affordable coverage than what employees might find on the individual market. It’s an important part of many employees’ compensation packages and can provide significant peace of mind regarding healthcare costs.

Getting group insurance for your small business is a straightforward process with UCCU Insurance Services:

1. Contact our group health specialists to discuss your business needs and employee demographics.
2. We’ll work with multiple insurance providers to obtain quotes for small group insurance plans that fit your requirements.
3. Our experts will present and explain various health insurance plans, helping you understand the coverage and costs.
4. Once you select a plan, we’ll assist with the application process and help set up the policy.
5. We provide ongoing support for enrollment, claims, and any questions you or your employees may have.

At UCCU, we specialize in small business group insurance, understanding the unique challenges and needs of smaller companies. We’re committed to finding you the best coverage at the most competitive rates, ensuring your employees have access to quality healthcare while keeping your costs manageable.