California Small Group Health Insurance
Group health insurance or California Small Business Health Insurance can make a job more appealing to potential and existing employees, and can help send the message that their employer cares about their well being. The more benefits a business offers, the more likely they are to attract new employees and keep existing ones.
Many group medical plans let you split the premiums with your employees. This will allow your employees to access medical plans that might normally be to expensive for them to purchase on their own. For your employees, that means they get access to a medical plan that might normally cost too much. For your business, it typically means that less of your profits will go towards paying medical insurance for your employees.
High Deductible Health Plans
A high deductible medical plan (HDHP), is a medical plan with lower premiums and a higher deductible for major care, such as hospitalization or surgery. Generally, deductibles vary from $2000 and up for an individual and $3000 and up for families or couples. High deductible plans go hand in hand with medical savings accounts and can be a great way to reduce the cost of insurance for your employees as well as your business.
Health Savings Accounts
A medical savings account lets your employees save part of their income for major and basic medicalcare expenses without paying taxes on it. As an employer, you can also make contributions to your employees HSA accounts as an added employment benefit. Your employees gain the advantage of using their tax-free savings to pay for medical related expenses that some insurance plans will not cover.
An HSA works exceptionally well with a high deductible plan, and can dramatically reduce reduce the premiums you and your workers have to pay for group coverage.
Please contact us at 1-562-299-3583 or request a quote to learn more about your group medical insurance options.
