Group health insurance benefits can provide your organization and employees with certain advantages. For example, group health insurance may allow employees to save on their premiums compared with what they might have to pay for a plan they find on the open marketplace. The costs of group health insurance benefits are generally shared between your organization and members who opt in; coverage can often be extended to spouses and dependents.
Your company may also be able to ensure compliance (e.g., affordable care act requirements) and access certain financial incentives, such as tax benefits, by offering group health insurance benefits. Many group health insurance benefits arrangements may require a certain percentage of eligible employees to elect coverage. Eligibility for group health insurance benefits is generally determined by who is part of your organization’s payroll. As such, independent contractors and temporary workers may not be eligible.