Group Health Insurance

Group Health Insurance

With the face of healthcare changing, there is a lot to know and likely many questions when it comes to creating a Group Health plan for your company. AD Larsen Insurance Services is here to help guide you.

What is group health insurance?

Group health insurance is a single policy issued to a group of people, offering uniform healthcare benefits to all members. In most cases, these policies are purchased by employers and offered to eligible employees and their families as part of an employee benefits package. Enrolling in group health insurance generally costs participants less than what they would pay for an individual healthcare policy for two main reasons:

  • The risk is spread over the whole group, as opposed to just one individual.
  • Many employers pay a portion of employees’ premiums.

What are the benefits of group health insurance?

For employees, the benefits of group health insurance include the reduced price of healthcare and the ease of enrolling through their employer. For employers, the benefits range from attracting quality workers to the tax credits they can receive.

Is your business required to purchase group health insurance?

Large businesses with 50 or more employees are now required to offer group health insurance under the Affordable Care Act. Small businesses with fewer than 50 employees are not required to offer coverage, but they can qualify for tax credits to help offset the cost if they choose to offer healthcare and pay for at least half of each employee’s premium

It’s important for you to have an advisor you trust to provide the right information as and options at a cost that makes sense for your business or company.

Personalized Service 

Personal Service the way it should be. At AD Larsen Insurance Services, we will make the process simple for you. Not only do we work closely with our clients to determine what group health benefit package best fits their needs, but we also believe it is important to stay in touch and not walk away once coverage is in place! If you have questions, customer service issues or concerns we are simply a phone call or email away, all the time.

The Right Plan

We have an extensive network of providers and can help pair you and your business with the best possible combination of price and coverage to accommodate your diverse workforce.

Custom Coverage 

We offer a full array of products and services to meet the needs of our clients. Including large and small groups employee benefits, group vision, group dental, life and disability plans and more. Analyzing, designing and assisting with implementing employee benefits programs to fit their specific budget and objectives. We can find a solution that is ideal and feasible for you and your employees.