Group Health

Group health insurance can offer your organization’s employees or members access to healthcare at a rate that may be more affordable than what they could obtain individually. This benefit can help businesses attract and retain top talent and can be a vital component of an overall compensation package.

The agents at Lohman Companies in Moline, Illinois, can help you select a group health insurance plan that best fits your needs. Contact us today to get started.

What Is Group Health Insurance?

An organization may offer health insurance to eligible employees or members through a group plan. This coverage can typically be extended to the enrollees’ immediate family members and dependents. Because there are many people enrolled in a group health insurance plan, insurers view this as spreading the risk across multiple policyholders. This often leads to premiums being less expensive than what each individual could purchase on their own.

How Does Group Health Insurance Work?

Policies vary, but when a business or organization gives access to a group health insurance plan, employees or members can opt into coverage. They typically remain eligible as long as they are still employed or a member of the group. The organization and the insured share the cost of premiums, and employees may have the option of having the premium deducted from their paychecks.

This health insurance can help pay for covered healthcare costs such as visiting a doctor, undergoing a procedure or filling a prescription (subject to applicable co-pays, coinsurance and deductibles). Depending on the specific plan, an eligible individual may receive no-cost or low-cost preventive care (e.g., annual physical).

What Are the Benefits of Offering Group Health Insurance?

Providing access to group health insurance can help companies attract and retain employees due to the potential savings on premiums and healthcare costs. With coverage, insured individuals can access resources that help them stay healthy.

Additionally, tax incentives may be available for businesses that offer group health insurance. Contact our agents for more information.

How Much Does Group Health Insurance Cost?

Group health insurance costs vary depending on several factors, including your organization’s industry, location and claims history as well as the plan members’ demographics and coverage features.

Contact our agents for a quote.

How to Get Group Health Insurance

The professionals at Lohman Companies can help you secure the right group health insurance for your organization. Contact us today for details.