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Employee Benefits and Group Insurance

Group Health Insurance

Many businesses offer group health insurance as a benefit to their employees. A group health insurance plan provides health insurance coverage to a select group of people. The plans are generally uniform in nature and offer the same benefits to all employees or members of the group. The employer usually has the option to structure the plan participation guidelines and contributions of participants. The owner has the option to pay the full premium of the participants enjoying a tax benefit by doing so.

Choosing the proper group health insurance plan and structure for your employees is a very important decision. You want to choose the best plans that will help your employees with their health maintenance and conditions, while at the same time keeping your expenses as low as possible.

Chestnut Ridge Financial Services has many options for commercial businesses that desire to offer group insurance packages to their employees.

Contact a CRFS business advisor today to discuss the group health insurance plans that are available for your business.

Group Dental and Vision Insurance

Group dental and group vision plans are very attractive to offer to employees because they are less expensive than individual dental and vision plans that are available on the market. Employees are more likely to acquire these types of coverages from their employer rather than searching for them on the open market.

As the employer, you have a couple of different options when offering group dental and group vision insurance. You can offer to pay for it for your employees or you can let them deduct the costs right off their paychecks as an option to opt in.

Contact a CRFS business advisor today to discuss the group dental and vision insurance plans that are available for your business.

Group Life Insurance

An employer may choose to offer its employees an added benefit in the form of Group Life Insurance. By purchasing life insurance in a large group, a “wholesale” price point can be met for the employees that will save them money on their coverage costs.

The employees may not have to pay anything “out of pocket” as they can usually opt in to have a portion of their premiums deducted directly from their paychecks. This is a great way to help your employees if you have either a large or small group of people working at the company.

Contact a CRFS business advisor today to discuss the group life insurance plans that are available for your business.

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