There is no better way to retain your employees than offering them a strong health protection.
The cost of health insurance premiums is deductible to the payer.
Health insurance is a contract that requires an insurer to pay some or all of a person’s healthcare costs in exchange for a premium.
Health insurance typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured.
Health insurance coverage may also be extended to the immediate family and/or other dependents of group members for an extra cost.
Health insurance reimburses the insured for expenses incurred from illness or injury, or pay the care provider directly.
It is often included in employer benefit packages as a means of enticing quality employees, with premiums partially covered by the employer.
Once the organization chooses a plan, group members are given the option to accept or decline coverage.
In certain areas, plans may come in tiers, where insured parties have the option of taking basic coverage or advanced insurance with add-ons.