As an employer, the health and wellness of your workforce should be a top priority. Healthy, satisfied and reliable workers are one of your organization’s most valuable assets and is integral to cultivating growth and advancing your mission. Optimal employee benefits solutions, including a group health insurance program, are a significant component of maintaining a work environment that enables employees’ health and wellness. 
How Does Group Health Insurance Work?
As its name suggests, group health insurance is a form of health coverage made available to members of a group, such as employees at your business. Employees who are on your company’s payroll are generally invited to participate in your group health plan, meaning that temporary workers and employees who are on unpaid leave may not be eligible. Many insurers may require a minimum percentage of eligible employees to join your group health plan.
Why Is It Important for Businesses to Offer Group Health Insurance?
Your organization should take time to fully understand the advantages of offering an optimal group health insurance plan. Doing so can garner wide-reaching benefits for employees and the business as a whole, including the following:
- Improved health—By providing strong group health insurance options to your employees, you may be able to help them access medical services and maintain good health and wellness.
- Family coverage—Group health plans often allow members to enroll their spouses and dependents as well. Employees whose families have access to essential healthcare may have reduced stress levels and require fewer absences.
- Increased productivity—Many studies have shown that happy and healthy employees are more focused and productive in the workplace, and less likely to make errors or cause accidents.
- Better attraction and retention—Offering attractive employee benefits, such as a reliable group health plan, can help your organization retain top employees and attract the best candidates.
- Lower premiums—Your workers may be able to access suitable health insurance at lower prices due to group health insurance policies spreading risk across multiple parties.
- Tax savings—Your company’s contributions toward group health insurance premiums are generally tax deductible.
- Compliance—Most employers may face financial penalties under the Affordable Care Act if they do not offer health insurance to their workforce.
We’re Here to Help
At Wimmer Insurance Services, our staff has the knowledge and experience to help employers in the Detroit Lakes, Moorhead and Fargo areas understand group health insurance. Our agents are well-equipped to help your organization assess its circumstances and needs and will work with you to craft suitable coverage options.
Visit our website or call 218-847-5703 to get started today.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.