How Group Health Insurance Plans Help Small Businesses
Most owners will acknowledge that running a small business comes with its own fair share of challenges, starting with providing health insurance for your employees. Group health insurance plans can be a significant boon for small businesses; numerous benefits can attract talent, encourage the retention of existing personnel, and ensure employees lead healthier lives. In this article, we will look into how group health insurance works, exploring benefits they offer to small businesses.
Group health insurance is health cover offered to a group, especially the employees of an entity. People do not have to personally purchase health insurance. Here, an employer covers the health insurance of its employees, an advantage for them because one has more chances of becoming affordable than when people buy on individual terms.