Group Health Insurance
Group health insurance is a policy that provides healthcare coverage to a group of people, usually through their employer or membership in an organization. It's a popular way for employers to offer cost-effective healthcare benefits to their employees.
1. Wider Coverage: Group health insurance plans often provide a wider range of coverage options than individual plans, including dental, vision, and prescription drug coverage.
2. Tax Benefits: Employers can deduct the cost of providing group health insurance from their taxes, which can be a significant financial benefit.
3. Employee Retention: Offering group health insurance can be a valuable tool for attracting and retaining employees, as it is a highly sought-after benefit.