How Does Group Insurance Work?

Many employers offer health insurance to their employees.  It is one of the great benefits of working for a company that offer health insurance.  Employers are required to contribute towards the health insurance premiums each month.  And this makes the health insurance much more affordable for the members.

From a company standpoint, there are two major hurdles to getting approved for group health insurance.  The first, is having the right percentage of eligible employees participate in the health insurance.  As an employer you can not force employees to pay for health insurance.  But if you generally have about 75% participation, you should get approved.  The other major requirement is being able to afford the monthly contribution.  If you meet these two requirements, then you can offer health insurance to your employees.

Many employers see offering health insurance as a way to attract talent to their organization.  Once employees receive the health insurance, it is a great way to create loyalty to your firm.