Life & Group Health Insurance
Understanding life insurance needs requires a thorough review of a person’s overall goals. This includes a discussion of why the coverage is being purchased and who the proceeds are intending to safeguard. Whether it is the protection of a young family, the funding of tax obligations or the long term protection of a business, life insurance provides an answer.
It can be difficult to know just how much life insurance you need; too little coverage could result in future financial shortfall and too much coverage can generate premium payments that compromise today’s cash flow. The overall goal is to assist you in determining that you have the right policy for today – and for the future.
Group Health Insurance:
Group health insurance is a single policy issued to a group of people, offering uniform healthcare benefits to all members. In most cases, these policies are purchased by employers and offered to eligible employees and their families as part of an employee benefits package. Enrolling in group health insurance generally costs participants less than what they would pay for an individual healthcare policy for two main reasons:
- The risk is spread over the whole group, as opposed to just one individual.
- Many employers pay a portion of employees’ premiums.
What are the benefits of group health insurance?
For employees, the benefits of group health insurance include the reduced price of healthcare and the ease of enrolling through their employer. For employers, the benefits range from attracting quality workers to the tax credits they can receive.
Is your business required to purchase group health insurance?
Large businesses with 50 or more employees are now required to offer group health insurance under the Affordable Care Act. Small businesses with fewer than 50 employees are not required to offer coverage, but they can qualify for tax credits to help offset the cost if they choose to offer healthcare and pay for at least half of each employee’s premium.
But remember, the best way to figure out the amount and type of Life Insurance or Group Health Insurance that makes sense for your particular situation is to meet with Rotunno Insurance Agency.
Thank you for your interest in Rotunno Insurance Agency, we have been providing insurance to Burbank, Santa Clarita, Palmdale, Glendale, Los Angeles and throughout California for more than 30 years. If you would like to speak to an insurance professional please feel free to call our office at 818.842.4634 or email your questions and an agent will reply promptly.
1 - Source : MANAGED CARE AND THE STATES