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​Group Health Benefits

Group Health Benefits

​Group Health BenefitsGroup health insurance—sometimes called employer-based coverage—is a type of health insurance plan offered by an employer of a member organization. Members of a group health insurance plan usually receive coverage at a lower cost because the risk to the insurer is distributed across multiple members.

Under the Affordable Care Act (ACA), businesses with 50 or more full-time employees must provide health insurance to full-time employees and dependents under the age of 26 or pay a fee. Insurers are also required to provide group coverage to organizations with as few as two employees. Some states allow self-employed individuals to qualify for group coverage plans as well.

Every company wants good business strategies to make sure they are ahead of the competition. One key strategy is to make sure you are attracting the best qualified candidates by offering a cost effective Group Benefits medical insurance plan. A group plan can be a significant factor in retaining good employees too.

Partnering with an Independent Agency like Sungate Insurance to provide a competitive plan, could be what sets you apart! We help you attract and retain your winning team.

Our experienced Advisors work with employers that have as few as 2 employees to employers with hundreds of employees. There is no business too big or too small for us! Partnering with the Top Insurance Carriers, Brokers and Third Party Administrators we are able to create a unique plan with support for your business needs and goals. As your business grows we will be there to adjust and support.

At every renewal SunGate Insurance Agency will be your advocate. We will work diligently in advance of your renewal to obtain the best pricing and help you compare your options with different plans. This will allow you to consider all of your options so that you can make the very best decision for you and your team. During this time we will also help you review and understand your loss history and claims experience. Using this knowledge we will work together to take advantage of the available programs to help keep your employees well and educated on how they can best use the benefit program.

Speaking of options do you know the difference between Fully Funded and Self Insured Benefit programs? Our knowledgeable staff will always look at both options for your business. When Self‐Funded programs make sense business are even able to retain some of their premium investments which in the end can save thousands of dollars.

Fully Funded vs. Self Insured Benefit programs

Speaking of options do you know the difference between Fully Funded and Self Insured Benefit programs? Our knowledgeable staff will always look at both options for your business. When Self-Funded programs make sense business are even able to retain some of their premium investments which in the end can save thousands of dollars.
Self-funded plans may be more flexible than traditional, fully-insured plans. They’re subject to less regulation and offer business the opportunity to customize their health care plan to meet their unique business needs. And because companies are paying only for the health care costs of their own employees, there may be money left over at the end of the year that can go toward other business needs.

Major Types of Group Benefits

Group Health Insurance
A group health insurance policy makes sense now more than ever. Group health insurance coverage is a policy that is purchased by an employer and is offered to eligible employees of the company (and often to the employees’ family members) as a benefit of working for that company.  Group health insurance can help make healthcare affordable for employees and their families while you can enjoy tax savings and additional benefits such as attracting quality talent and retaining your best employees.
Group Life Insurance
Basic life insurance coverage is a great way to take care of your loved ones financially after you pass away. Group life insurance (also known as wholesale life insurance or institutional life insurance) is a specific type of life insurance typically offered by a large organization to its members. Large companies often offer this coverage to their employees as part of its benefits package.
Group Disability Insurance
Disability insurance provides employees with partial income if they become too sick or injured to work. But we believe disability insurance should go further than income protection, by helping to support the physical and mental well-being of employees, and helping them return to their best possible levels of health and productivity. Coverage is generally offered in two types: short-term disability (STD) or long-term disability (LTD).
Group Accident/Supplemental Insurance

Supplemental insurance is extra or additional insurance that you can purchase to help you pay for services and out-of-pocket expenses that your regular insurance does not cover in the event of an accident or other covered loss.

Group Dental/Vision Insurance

When organizations want to offer the best dental and vision care benefits to attract and retain the best employees they need to work with our group dental and vision experts. We have access to the benefit plans that will keep your group members, employees, and their families healthy.

Contact us to learn more about the right benefits for your group.

 

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​Group Health Benefits

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