Group health insurance are plans that can be used to provide coverage for groups of people in an organization or company. Members of these groups can receive this coverage at a reduced cost because the premiums are divided among the group. For companies or organizations to obtain group health insurance for their members or employees, at least 70% of participation in the plan is required.
Group health insurance plans may also come in tiers, meaning that some may choose a basic option of coverage or a more comprehensive choice that can include add-ons. These plans may also provide coverage to immediate family members or dependents, but for an extra cost.
Unlike group health insurance, individual health insurance is coverage that you obtain by purchasing on your own, rather than receiving coverage through an employer. You can buy it for yourself or your family.
Some individual health plans may be more expensive than group health plans, as the premium is now settled onto one person instead of divided among a group of people. However, these plans do have their benefits.
Whether you are in need of group or individual health insurance, The Health Agents have you covered.
If you want to keep your employees happy and protected the right way with a group health plan, reach out to The Health Agents today! Our B2B services are offered all across Texas, and we will work with you to provide coverage at a budget that everyone can benefit from!
If you are interested in an individual health plan, we can help you determine what you may qualify for and find a plan that fits all your coverage and budget needs.
The Health Agents are dedicated to providing quality service to those who are in need of group or individual health insurance. If you are unsure what each policy can potentially offer your business or to you as an individual, you have come to the right place. Our blog will answer all your questions and more!