Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Employer based health insurance (a.k.a. group health insurance) is health insurance a business owns and offers to its employees. The business generally pays for a percentage of the premiums with the employees paying the rest. It's often offered as a means of attracting people to come work from them.
Group health insurance quotes are based on the size of your business, the industry’s SIC code, age of employees, and average employee health (except in Maryland, which requires no medical underwriting).
There are no instant online quotes for group health insurance for these reasons. To get a quote for group coverage, you'll want to contact a health insurance agent - working with an independent one will allow you to shop for quotes from multiple companies in one place. Having too many "hands in the cookie jar" can sometimes make things confusing. Feel free to contact me with any questions.
Great question! The benefits package was designed to attract and keep the better employee. Often, when pay rates are the same the addition of benefits, like health insurance, would be the difference between whom you chose to work for. Unfortunately, I think that over the next few years you will see more and more employers push their employees towards the Government marketplace by reducing or eliminating their offering of insurance coverage. By doing this, they will tell you that you will be getting a "bigger paycheck" while transferring the company's expense and risk to you, the employee. I read recently that there were conservative estimates of trillions of dollars of profit for companies in this move, so I can't see them waiting too long to make that happen. In some cases, it will be cheaper for the employee, but no one is certain what percentage of the workforce will benefit. Thanks for asking!
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Group health insurance quotes are based on the size of your business, the industry’s SIC code, age of employees, and average employee health (except in Maryland, which requires no medical underwriting).
There are no instant online quotes for group health insurance for these reasons. To get a quote for group coverage, you'll want to contact a health insurance agent - working with an independent one will allow you to shop for quotes from multiple companies in one place. Having too many "hands in the cookie jar" can sometimes make things confusing. Feel free to contact me with any questions.