One of our specialties is working with businesses to provide quality and affordable health insurance plans to their employees. We are a leader in employee benefit management and will develop effective affordable benefit solutions for your company in Cary, Apex, Raleigh, Durham, Charlotte, Wilmington, Greensboro or another North Carolina location. For more information you can call us at (919) 303-9690 Monday to Friday between 10 AM to 5 PM or visit us at https://www.thebenefitadvisors.com/group-benefits/small-groups/

1. Affordable Group Health Insurance Plans Cary

2. What is Group Health Insurance Policies?
Group health insurance coverage is a type of health
policy purchased by an employer and offered to
eligible company employees and their dependents.
Currently, more than half of working Americans have
group health insurance coverage through their
employer, or the employer of a family member. With
group health insurance, the employer selects the plan
(or plans) to offer to employees. The premium cost is
often split between the employer and employee, and
there is a minimum percentage rate the employer
must contribute.

3. Why is small business group health
insurance cheaper than individual health
insurance?
There are a few reasons why small group health
insurance usually ends up costing less per person than
individual plans.
Employer contributions – For employees, a clear
reason for affordability of group plans is that their
employer generally pays for at least half of the
premium.

5. Tax benefits for employees – In addition to benefitting
from employer contributions, employees are usually
paying for their part of the premium with pre-tax
money, which can add up to significant savings.
Tax benefits for employers – As an employer of a small
business, don’t think that all the burden of health
insurance will fall on you though. There are definite
perks to being a small business owner and providing
small business group health insurance. You will likely
pay at least fifty percent of the monthly premiums for
your employees, and you may be able to deduct these
costs from your business taxes. In some cases, you may
even be eligible for special tax credits.

6. Risk pool advantages – As the Small Business
Administration explains, the spread of risk across a
group is a fundamental theory of insurance. High costs
of one insured person have a smaller effect in a larger
pool. In other words, more people are paying to
support the few who use the benefits of being covered
to their full extent.
Of course there are different reasons why plans cost
less or more, and cost will vary from plan to plan. Call
us at the Independent Benefit Advisors and we can
help you find the right benefit plan for your small
business!

7. Affordable Group Health Insurance Plans Cary NC
Need more information about the cost of Affordable group health
insurance? Give Independent Benefit Advisors a call today at +1 (919)
303-9690.
Independent Benefit Advisors