
ECD Insurance Agency
Protecting YOU

Group health benefits
Coverage for you, your family and your team
If you have at least one full-time employee (that isn’t your spouse), you can qualify for a small group health insurance plan.
Here are some of the benefits to getting one for you and your team.
Costs
Individual insurance can be expensive (especially PPOs), time consuming, and confusing to buy. One way to attract and retain employees is that as an employer, you can contribute to the cost of group health insurance, and therefore, give your employees peace of mind with tailor-made options that can reduce their out-of-pocket expense.
Wider Networks and Coverage
A big attraction for employers and employees is that group benefits have wider networks including doctors, hospitals, and services.
Group plans often include a wider range of essential benefits, such as preventive care, prescription drugs, and mental health services.
Tax Advantages
Employer contributions to group health insurance are generally tax-deductible.
Small businesses via Covered CA can avail of extra tax credits based on the average employee salary
Pre-Tax Deductions: Employees may be able to deduct their contributions to group health insurance from their taxable income.
Additional Benefits
Dependent Coverage: Group plans often allow employees to include dependents (spouse, children) on their coverage. Employers, however, can offer plans but may or may not contribute towards their dependent's portion of the premium.
Dental, Vision, and Life Benefits: Unlike individual plans, several employer-sponsored dental and vision plans may not have waiting periods, so employees and their families may be able to receive full coverage on Day One.
Flexible Spending Accounts (FSAs): Many employers offer FSAs, which can be used to pay for out-of-pocket medical expenses with pre-tax dollars.
Due to legal requirements, paperwork, a huge amount of choices and rules, there is a lot that goes into selecting the right option. That’s where Edsel can assist you with this process. He'd be happy to discuss when you have a moment. Please schedule a call here.