Group health insurance is one of the most important benefits a business can offer. Here's where to get cheap quotes with top companies.
Finding a Cheap Option
In general, health insurance costs are lower for business groups because insurance companies have a guaranteed group of clients and can thus offer a better rate.
Businesses can lower their health insurance costs by using an insurance comparison website to shop for an insurance plan (see below). This allows them to get quotes from a number of companies quickly so they can compare them and choose the best rate.
Another cost-saving measure is to institute an employee wellness program. By encouraging employees to eat healthy foods, exercise regularly, and avoid tobacco, businesses can reap lower insurance costs.
Types of Insurance
There are numerous types of group health insurance available to businesses:
* Traditional indemnity insurance. These plans are the most expensive comprehensive health insurance plans, but they also offer the best coverage and allow you to choose your own health care providers.
* Managed health care plans such as HMOs, PPOs, and POSs. These are the least expensive comprehensive plans