Group health insurance and health benefits plans are two different types of coverage options available to individuals or groups seeking health care coverage. While they both provide some level of health care coverage, they differ in many ways. As the business owner, it will be up to you to decide whether group health insurance coverage or a health benefits plan is best for your company and its employees. Indigo Partners, LLC has many health insurance and health benefit plans to choose from. Let’s explore your options.
Group Health Insurance
Group health insurance is typically provided by an employer to their employees and in a lot of cases their employees’ dependents. Group health insurance is a type of policy that covers a group of people under a single policy. In a group health insurance plan, the employer selects the coverage options they want to offer, and employees can choose the plan that best suits their needs. The employer and employee share the cost of the premium with the employer paying at least 50% of the cost and the remaining amount is usually deducted from the employee’s paycheck. In 2022, the average health insurance premium for an individual was $6,000 and a family of four was $21,000. Group plans may be written with two eligible full time (30 hours or more) employees. At least one enrolled must receive a W2 and cannot be the owner or spouse of owner.
Traditional Group Health Insurance Plans:
Health Benefits Plans
Health benefits plans, also known as employee benefits, are plans offered by employers that provide benefits to employees in addition to their paid wages. Health benefits plans are customizable, and employees can select the benefits they want to enroll in. Indigo Partners gives you the ability to show your employees that you are invested in their healthcare security. We offer various healthcare plan options so that you can give your staff affordable, accessible healthcare for a fraction of the price of traditional benefits.
Health Benefits Plans:
- Basic Plan– $0 Telemedicine and Telemental Health visit fee, prescription savings and discounted lab testing, imaging and CT scans.
- Signature Plan– Includes the Basic Plan, plus dental, vision, diabetic supply, vitamin and hearing aid discounts along with health advocacy and medical bill saver.
- Premiere Plan– All Basic and Signature Benefits, plus financial wellness, online wellness (fitness and health), caregiver package, legal services and pet care discounts.
Indigo Partners LLC serves businesses and nonprofit organizations in communities all across the country. We understand that every business is unique and different. We meet with each company to discuss your options and develop a plan and rate that is accommodating to your needs. We have trusted partnerships for:
- Payroll Services
- HR Services (including but not limited to employee handbooks, recruiting, one- time projects or audits)
- 401K
- Workers’ Compensation or Business Liability Insurance
- Credit Card Processing
If you are interested in providing your employees with quality health insurance or health benefits plans, contact us today 1-866-463-4463 to discuss which option is best for you.
Posted in General, Health Insurance
