Overview
Group Insurance
Group Insurance
In a corporate environment it is important to recruit and hire qualified personnel and to maintain satisfied employees.? Any sized company can structure an attractive benefits package to achieve this goal.? Health benefit plans work as part of this entire package.? ?
If the benefit package includes insurance with a simple administration, both the employer and employees are happy.
A group plan generally consists of:
Life and dependent life coverage
? The amount of benefit can be structured at a fixed amount for every employee, or a multiple (twice, three times, etc.) the employee’s salary.? As the employer you get to choose which option to offer.
Extended health care
? This is sometimes called Personal Health Insurance.? It includes semi-private hospital care, prescription coverage and vision care.
Dental
This covers a basic annual checkup, exam and regular dental services.? There are options that include major dental surgery and orthodontics.
Group disability benefits
? This is both short and long term disability benefits.