Before knowing about the various benefits of group insurance in a business, you should know a little bit about the insurance itself. Group insurance is generally taken up by an employer to provide health insurance coverage to their staff members. The coverage can be extended up to the staff’s family members as well. This type of policy is very affordable as the employee also pays a share of the cost. For advice or to discuss your requirements, contact our insurance brokers at NOB. We look forward to hearing from you.
Coverage for a wide range of pre-existing health conditions
In the event of an employee passing away, the beneficiary would receive the coverage amount
Cost for prescription drugs, eye examinations, medical supplies and devices are also covered
Reimbursement for full or part of expenses for certain dental surgeries including dentist visits and examinations.
Employee assistance programme: Additional services offered to the employees and their families which includes assistance for various problems such as family problems, alcoholism, depression etc.
As an employer, if your company has more than employees working, then it is your legal obligation to apply for group insurance. There are many types of group insurance that you can choose from such as fully-insured plans, level-funded plans, HMO, PPO and more. Just call us if you are facing any issues in choosing, we will be glad to assist you.