Tweet

Health and Fitness Tips

  • Home
  • About Us
  • Find A Clinic
  • Vitamins
  • Personal Training
  • Home/
  • Benefits administration system /
  • Grouping Together Why Group Health Plans Work

Grouping Together Why Group Health Plans Work

Health and Fitness September 7, 2015 Leave a Comment 1048

Mobile hr software

One of the biggest questions prospective employees have usually pertains to what kind of employee benefits they’ll receive in their new job. Employers who have over 50 employees are required to provide health insurance plans and usually deal with group health plans or group health insurance. If you’re a business or single employer looking into the best group health insurance plans, you may have a significant number of questions on how to get a good insurance rate for your employees. If you’re on the smaller end of the business spectrum without much human resource administration, it may be confusing to navigate terms and rates with insurance companies. So what do you need to know?
What Are Group Health Plans?
Group health plans basically ensure that employees who work at a company that offer them have health insurance because they work for that company. The company buys the coverage and then distributes it to their employees. In many cases, this health plan may extend to their family –spouses and children.
Why Use A Group Health Plan?
A group health plan can be advantageous for employees because they don’t have to front the cost of their health care premium. Employers generally contribute about a half or more of the premium every month and some employers have plans that let their employees contribute to the plan and not be taxed for it. Ultimately, the tax breaks benefit both the employer and the employee.
By Law, What Are Employees Entitled To?
According to FMLA (The Family and Medical Leave Act), employees must be able to access up to 12 weeks of leave that are unpaid, but that allow them to come back to their job. An employee can use FMLA if they have a child, need to take time to provide care for their family (children, spouse, parents) or if they have a serious medical issue of their own.
Workers compensation, disability insurance, and unemployment insurance must also be available for employees, although terms and agreements may differ from state to state. An employer must also chip in for social security taxes for each employee.
Health, vision, and dental plans, 401K plans, and paid leave are at the discretion of the employer. However, having good benefits can attract a higher rate of employees and potentially better employees, who expect certain kinds of advantages from their employers.
Small businesses are also governed by different rules than large corporations, as might be expected. However, up to 75% of small businesses will offer their workers paid vacation time and almost 60% of small businesses will give their full-time employees paid sick days. Again: these policies often prove beneficial in attracting the employees they desire.
How Can I Find Good Health Insurance Rates?
If you don’t have employee benefits software or a benefits administrations system, navigating the waters of insurance plans can be a bit daunting. Luckily, with the Affordable Care Act, there are plenty of online resources for small businesses and larger businesses alike to find information. Discussing policy plans with numerous insurance providers may also be a good way to go, as you’ll be able to compare and contrast rates, packages, and customer service.

Health and Fitness
2015-09-07
Share story:
← PreviousHow Interventional Cardiology Wants to Help Keep Your Heart Pumping
Next →Are You Visiting a Halfway House? Ask These 3 Questions Before Checking In

Written by Health and Fitness

View all articles by Health and Fitness

Related Articles

  • Most Companies Don’t Have This Essential Software System

  • 3 Things HR Software Can Do For Your Company

  • Questions to Ask Before Choosing the Human Resource Software for You

Leave a Comment Cancel Reply

You must be logged in to post a comment.

More Health Tips

  • How to Find the Best Health Insurance Company

    February 8, 2019
  • Purchase Fitness Equipment from the Right Fitness Warehouse

    February 7, 2019
  • The Future of Medicine- Telemedicine

    January 30, 2019
  • Top Tips And Techniques For Beginner Archers

    January 24, 2019
  • Trust Your Doctors When It Comes To Your mammography

    January 24, 2019
  • Finding the Right Treatment Center Can be a Lifeline for a Cancer Patient and Their Family

    January 22, 2019
  • A World of Mobility for Wheelchair Users

    January 3, 2019

Health News

Error message: Atypical RSS/Atom feed or not supported by this plugin.

Archives

  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • Home
  • About Us
  • Find A Clinic
  • Vitamins
  • Personal Training

Copyright © 2014 Health and Fitness Tips, All Rights Reserved.