Group Benefits

What Small Businesses Should Know About Group Health Insurance

Group health insurance can help employers recruit, retain, and support employees. The best approach depends on budget, participation, employee needs, and business goals.

Why employers offer group coverage

Benefits can help a business compete for workers and show employees that the organization is invested in their well-being. For some employees, access to group coverage is a major factor in job decisions.

Cost and plan design

Employers should review premiums, deductibles, networks, contribution strategy, and how much of the cost the business and employees will each pay. Dental, vision, and group life insurance may also be part of the benefits package.

Small employer considerations

A smaller employer may need to consider participation requirements, employee affordability, administrative simplicity, and whether the plan supports recruiting and retention goals.

How HealthSecure helps

HealthSecure can help employers review group health and life insurance options and compare plan designs with budget and employee needs in mind. HealthSecure also works with Gravie, a health benefits company, to help create ICHRA plans and PPO health plan options for small to midsize businesses.