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Group Health

Group Health Information

What is 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:

  1. The risk is spread over the whole group, as opposed to just one individual.
  2. 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.

Partial Self funded Options

As the federal government has created uncertainty in the health insurance arena, ERISA (Employee Retirement Income Security Act) plans have become a better fit for most clients. These plans are not subject to many of the new healthcare rules and can provide a stable insurance platform for many employers. ISU Paragon is dedicated as "a symbol of perfection" and we take that to heart. We work with the finest claims adjudicators and reinsurers to ensure our partial self-funded plans exceed all expectations. We have various custom programs that go all the way down to 15 covered employees to ensure a perfect fit.

More information please click below:

What is partial self-funding?

ISU Paragons' role in a self-funded plan.

Contact us today for more information about group health insurance.

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6501 Veterans Parkway Suite 4-B | Columbus, GA 31909
P: 800-221-3906 | F: 706-324-0373 | E: info@isuparagon.com
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