Help your team members thrive with affordable health coverage.

Group insurance is a type of policy that provides coverage for a group of individuals, such as the employees of a company and their families. Group insurance policies typically offer discounted rates because the insurer is able to spread out the risk among a large number of covered individuals.

A group health plan is one type of group insurance. Other group insurance products include various voluntary benefits insurance options, such as group life insurance, group disability insurance and group critical illness insurance.

Small businesses can leverage a small group health insurance plan to offer their workers affordable healthcare coverage. There are different types of group health plans to consider, including traditional insurance plans that provide medical and pharmacy benefits as well as health reimbursement arrangements (HRAs) that employees can use to buy health insurance or cover other qualified medical expenses.

Under the ACA, small businesses with fewer than 50 full-time equivalent employees are not subject to the employer mandate that requires larger employers to provide health coverage or face penalties. Nevertheless, small businesses often find that choosing to offer group health insurance helps them achieve their business goals.

Although it can seem simpler to offer higher salaries instead of group benefits, if you take this route, you and your employees are missing out on group discounts and significant tax advantages. Group health insurance provides tremendous value and is a smart way to maximize your compensation budget while taking care of your workers.

Group health insurance can also help employers control employment-related losses. A group health plan can attract in-demand job seekers and give current employees a reason to stay, thereby reducing hiring costs. Group health coverage can also help workers manage health and money concerns, allowing them to focus on their work and minimizing productivity losses. By offering a group health plan, you’re giving workers access to preventive care benefits like annual flu shots that can help them avoid illness and missed workdays.

When comparing health insurance plans, employers have a lot to consider, including both the costs and coverage. A group health insurance broker can help you explore your options so you can find the best fit for your company and your workers. Health insurance brokers offer access to plans from multiple carriers, and they can also provide employee benefits consulting and other services to help you create a sustainable benefits strategy.

Yes, Mavrix offers customizable group health plans for different types of businesses. We can help you choose from different plan types, such as PPOs and HMOs, provider networks and other options to create a plan that’s tailored to your needs.

It’s possible to secure a group health insurance for small business owners with just two employees. In most states, small group health plans can provide coverage for groups of between two and 50 employees.

Yes, we can help your small business find affordable group health coverage. We have access to different group health carriers and plan options, and we can help you identify the strategies you need to control costs while providing coverage for your workers.

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