Frequently Asked Questions About Buying Group Health Insurance

Many small to medium-sized businesses are looking to purchase group health insurance plans for themselves and their employees. If you are looking to provide health insurance to your employees for the first time, you may have many questions about buying group health insurance. At Wayne Realty & Insurance Co Inc. serving Goldsboro, NC, we want to help answer some of the questions that we are routinely asked. Here are a few of the questions you may have related to buying group health insurance. 

What Are the Different Kinds of Health Insurance  to Select From When Buying Group Health Insurance?

You have the same types of health insurance plans available to you when you are buying group health insurance as you do when you are purchasing individual health insurance. This includes the four most common types of health insurance plans; PPO, HMO, POS, HDHP. 

Who Factors Should You Consider When Selecting a Group Health Insurance Plan? 

When you are selecting a group health insurance plan, you may want to ask around your office and find out what doctors, medical groups or hospitals your employees currently use or prefer. Finding plans that allow them to keep their current providers will be appreciated. 

Do You Qualify for Tax Credits or Subsidies With Group Health Insurance? 

The final question you may have is whether you qualify for tax credits or subsidies for providing your employees with group health insurance. There are many factors that come into play when determining who is eligible for credits or subsidies, so it is best to talk to a tax professional to get the answer to this question. 

Are you looking to purchase a group health insurance plans for your employees in the greater Goldsboro, NC area? If so, Wayne Realty & Insurance Co Inc would love the opportunity to assist you. Call us today to learn how to get started.