Group Benefits

Group insurance benefit plans cover employees at a company.  These benefits are offered by the employer as part of a total compensation package in addition to a salary.  They offer comprehensive coverage such as health, vision, dental and life insurance packages.  Other examples of benefits that may be offered are disability income protection, long term care, profit sharing, pension, and retirement benefits.

An employer may pay for the full cost of these benefits or require their employee to pay a percentage towards the premiums.

Group insurance policies are purchased as a contract from an insurance company.  The premiums will be based on the number of employees within the organization and the amount and type of coverage offered.