3 Things You Need to Know About Group Health Insurance

If you don’t currently have health insurance coverage and you are looking for a policy, it can be helpful to consider the benefits of investing in a group health insurance plan. Here at Wayne Realty & Insurance Co., Inc. serving the Goldsboro, NC area, we would like to discuss three of the very best reasons you need to think about investing in group health insurance. 

You get lots of help from coworkers

When you invest in a group health plan offered by your employer, you can rest easy knowing you will be able to turn to your coworkers for advice. Take for example that you are looking for a pediatrician that is in your network. You can simply ask your coworkers who they recommend, and they will already have a good idea of which pediatricians in your area are covered by the group health plan. 

Your premium payments are tax deductible

Did you know that the money you invest in a group health insurance plan can be deducted on your taxes? That’s right, so not only are you getting to rest easy at night knowing you have good health coverage, but you can also rest assured your tax liability at the end of the year is going to be lowered thanks to being able to deduct the monthly premium off of your taxes. 

Premiums are deducted from your wage before taxes

Furthermore, your monthly premium for a group health plan is deducted from your paycheck before taxes are taken out, meaning you have less amount of money to pay taxes on throughout the year. It’s win-win from a tax standpoint no matter the angle you look at it from. 

To learn more about group health insurance, please contact Wayne Realty & Insurance Co., Inc. serving the Goldsboro, NC area today.