Group Health Insurance

Health Insurance of Florida, Inc. represents several major national and local Insurance providers.

If individual insurance is less expensive, why would I want group insurance?

1. If you are an employer looking to keep productive and valuable employees, the most significant employee retention tool is health insurance.
2. As an employer, you may not be able to obtain individual insurance due to a pre-existing condition. By offering group coverage for your employees, you also gain protection for yourself.
3. Maternity coverage in group health insurance is superior to maternity riders offered by individual plans.

What is the minimum number of employees I need to get a group plan?

Normally two employees are required. The pricing for two to fifty employees is essentially the same. (Ask me why I said essentially……)

However, in Florida you can have a group of one. This is a special case that may only apply in the month of August and coverage takes place October 1st. These plans are a very expensive approach and are normally recommended as a last resort.

I have a group plan now. My premiums keep going up every year. Is there any way I can reduce my costs?

Usually, yes. There may be reasons why your premiums have escalated significantly, such as one or more employees with severe health conditions. There are a few ways to reduce the cost.

1. Look at quotes from other insurance companies. No matter how good an insurance carrier has been to you, sometimes it is necessary to make a change to reduce premiums.
2. Institute wellness programs in conjunction with the insurance provider. Many providers offer incentives for wellness programs such as weight reduction, smoking cessation, and regular exercise. If your employees are healthier, the insurance company has less risk. Therefore, everyone is a winner.
3. Look at a High Deductible Health Plan, such as a Health Savings Account (HSA) plan. When analyzing the hard numbers, these plans often present the best available value in health insurance protection.