Hawaii Group Health Insurance Plans
Learn about what plans can cover you and any other members in your group. Speak to a trained Proinsurance Hawaii agent today and we can help you get started.
What is group health insurance?
Group health insurance is provided to members of a group of persons, such as employees of one or more employers, or members of associations and labor unions. In simpler terms, group health insurance is a single policy that’s issued to a group – as opposed to individual health insurance, which is a single policy issued to a single person or family.
A majority of Americans have group health coverage through their own or a family member’s employer-sponsored group plan. In these cases, group health insurance is optimal because employers and employees can share costs.
Why would I need group health insurance?
There are many benefits to having group health insurance. For example, if you own a small business with employees, you’ll want competitive work benefits to ensure you bring in the best employees. Research shows that providing good group health insurance plans sends the message to employees that you value their work, increasing productivity and decreasing absenteeism. You can learn more about small business health insurance here (INSERT LINK).
There are benefits for you too. 100 percent of insurance premiums are a business tax deduction.
Group rate health insurance is usually cheaper than individual health insurance, making them the more affordable choice. Plus, there is financial security. People with health coverage are protected financially from debts that arise from major illnesses or injuries. All too often, the necessity for medical services rise unexpectedly, so a group health insurance can protect you from crippling debt.
You’ll also have better access to Hawaii’s top medical care, including preventative services such as wellness check-ups and screenings, which can help you prevent more serious health problems down the road. These services can be unaffordable without health insurance.
What are the most common group insurance plans?
Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), Point of Service Plans (POS), and Health Savings Accounts (HSAs) are the main healthcare plans that offer a mix of features. These managed care plans pay doctors or hospitals directly for some or all of the costs of the medical services you may receive.
To learn about these plans and how group insurance can work for you, give Proinsurance Hawaii a call today. Our trained agents can guide you through the process of finding the right plan and answer any questions you may have.