Many people are fortunate to have an excellent health insurance plan available through their employer. However, finding affordable group health insurance can be difficult without a group health insurance broker. Many employers can benefit from the expertise and knowledge of the group insurance experts at Best Insurance Direct.

Types of Group Health Insurance

Group health insurance plans offered by employers generally fall into three categories: true group, HSA (health savings account) and list bill plans. True group means that the plan accepts all employees with all health conditions, is generally a major medical plan with high levels of medical coverage, and the employer pays for all or part of the premiums, which are higher than individual plans because of the acceptance of pre-existing conditions and the high level of protection. An HSA is a health savings account, which in this case is set up by an employer (an individual may do so as well), using pretax dollars. This means that a portion of a persons income is put into an investment account tax-free. This money is used to cover a high deductible and other out-of-pocket expenses incurred with their group health insurance plan. A list bill is when an employer agrees to pay for the entire cost of an employee group health insurance plan, but may or may not want to incur the higher expense of true group health insurance. With a simple list bill plan each employee would sign up individually at the lower rates but the employer still pays the entire premium. An employer may also choose the list bill method of payment with a true group plan as well.

Best Insurance Direct is your one stop choice for all of your group health insurance needs. If you are looking for affordable group health insurance, get an instant group health insurance quote today. Then one of our qualified, licensed brokers will painlessly walk you through the process of protecting your valued employees and will help you set up the appropriate group plan, whether a true group, HSA or simple list bill.