To ensure the longevity of your church, you must take care of your employees. Group health insurance is a way to protect your employees from high-cost medical bills. Not only does this save them money and help them stay healthy, but most importantly, it protects your church from financial risk.
What Is a Group Health Insurance Plan?
Group health insurance plans are a form of health insurance coverage in which a large number of individuals and families are covered through a single policy issued to an employer, an employee organization, or the individual members of an association. Group health insurance provides lower premiums for several people than for an individual. Churches with one or more employees are eligible for group health insurance. The premiums help cover employees’ medical costs such as injuries, treatments for accidents, illnesses, and doctor checkups.
Group health insurance plans offer number of benefits including the following.
It Safeguards Them Form Inflation
It is a known fact that healthcare costs have been increasing consistently over time. By 2028, national health spending is estimated to reach $6.2 trillion. In the last few years, this trend has continued unfettered. This situation has a lot of employees worried as a medical emergency can cripple them if they are not offered protection from such a risk.
It Increases Productivity
Healthcare is one of the fundamentals for employee productivity. Health Insurance will give employees of the church more freedom to focus their full attention on accomplishing church goals, instead of worrying about the potential financial burden. The employees will also feel more valued.
Group health insurance premium is lower. Group insurance is generally cheaper than individual insurance, but this depends on the coverage you have, the provider you opt for, and the deductible and co-insurance amounts. The group health insurance premium is lower, because the risk for the entire group is shared among the group members.
The more members in the group, the lower the premium for each individual member. The premium can get even lower if you have a larger group of employees, as you will get better rates for coverage.
Get Group Health Insurance for Your Church
When it comes to running a church, employees are more than just an asset to the organization. However, churches don’t have the same resources as large corporations. Therefore, you need to be especially smart and strategic when choosing how to spend your money for healthcare insurance for your employees.
We at Integrity Now Insurance Brokers can help. Our professional agents help churches in Arizona, California, Colorado, Nevada, Ohio, Texas, and Washington get the best health insurance they need for their church’s employees. Thanks to our experience, we are able to offer a variety of services, including, church property insurance, church liability insurance, and more.
Email us to get a quote today.