Group Medical Insurance

Group Medical Insurance

Health insurance is a vitally important piece of an employee’s decision to work for your company. Offering a group Health plan helps you attract and retain qualified employees. You can deduct employees’ health insurance as a business expense and it can help decrease absenteeism and improve employee health and morale.

Most commonly, there are two options when providing a health plan to your employees:


A fully-insured health plan is the traditional way to structure an employer-sponsored health plan. With a fully-insured health plan, your company pays a premium to the insurance carrier. The premium rates are fixed for a year, based on the number of employees enrolled in the plan each month.

Fully-Insured Coverage Options:

  • Traditonal Plans
  • Accountable
  • Narrow Network
  • Tiered Network


Historically, employers have turned to the self-funding of their health plans when traditional insurance programs failed to remain affordable or sustainable.

Self-funding is one of the most effective ways employers can control the rising costs of healthcare coverage. It allows for many different programs and greater flexibility with the advantage of retaining unused claim dollars.

Self-Funded Coverage Options:

  • Third-Party Administrator (TPA)
  • Stop Loss Insurance