In most instances, group health insurance is usually fairly affordable, however it does come with some “must do” provisions.<\/p>\n
As one may expect, the term “group health insurance” implies that all workers at a certain company must ‘opt in’ for the coverage provided. In most instances as well, the employee is expected to pay the first of their premiums within a 30-day time frame or they will not have automatic coverage.<\/p>\n
The other thing an employer would need to know about buying a group health care plan is that there are a couple of choices when it comes to the sponsored Employee Retirement Income Security (ERISA) plans. Those choices are insured and self-insured. There are also non-ERISA plans, but these are more applicable to groups such as church organizations.<\/p>\n
Employees will usually find that group insurance is normally the least expensive kind, although many companies do offer a variety of other plans that range (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" In most instances, group health insurance is usually fairly affordable, however it does come with some “must do” provisions. As one may expect, the term “group health insurance” implies that all workers at a certain company must ‘opt in’ for…<\/span><\/p>\n