Offering your employees, a comprehensive health plan is one step in attracting and retaining good employees. Also, providing group health mitigates the risk of financial hardship should someone need a serious medical procedure. You should be aware that Group health works just like individual health policies except for a few criteria:
Minimum Participation -Group plans require a minimum number of eligible employees to participate in the plan. This number can vary from 50% to 75% of eligible employees depending on the carrier. Most carriers will not hold it against your participation numbers if an employee waives because they are covered by their spouse.
Employer and Employee Contribution – It varies from carrier to carrier, but most carriers require the employer to pay a minimum portion of the costs of the insurance. Typically this amount is 50% for individuals and 25% for families.
Underwriting – For a group plan no one can be denied. In an individual or family plan, a person can be denied based on health underwriting. As of 2014 for a small group plan (2-50 employees) no one can be denied coverage due to health.