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Debbie McNamara

Full-time employee benefits programs are highly desired by potential job prospects. Regardless of industry, healthcare is a necessity for everyone. Many employers, but not all, offer benefits plans to their employees for a number of reasons.

Download our free guide about group benefits and insurance.
But for those with families, individual health insurance plans may not cut it. While being able to have their own healthcare subsidized is nice, many employees have spouses, children, or other dependents that rely on them for basic needs like healthcare.

For others with preexisting conditions, finding adequate health coverage may be harder as well. In these cases, group health insurance plans are some of the best options.

What is Group Health Insurance?

Group health plans provide healthcare services to a select group, whether it be a group of employees or an employee and their family. Regardless of age, sex, or previous conditions, the coverage within the groups is uniform. The coverage offers the same services and benefits to each group member, regardless of condition or income.

Why Would I Want a Group Insurance Plan?

Since Canada has a national health care program, any purchased or sponsored health insurance plan is supplemental to the national plan. Though the national plan covers a number of basics, many people choose to enroll in additional plans as well. But why?

Provincial plans do not provide full coverage. So while they work well for some, for others, they are extremely limiting.

Under employee-sponsored health insurance, health claim reimbursements are nontaxable. Many employers will choose to pay their employees a higher salary in hopes that they will be satisfied with the coverage they can purchase on their own.

About 35% of employees report that they will look for a new job if they don't receive a raise, but in many cases this dissatisfaction runs deeper. Many are unable to afford adequate health and dental coverage on their own taxed salaries, while they would if their employers sponsored it.

Group & Individual Coverage

Many group health insurance plan members still have to pay for their own coverage, but they will pay significantly lower rates than would otherwise be offered on the retail market.

There is no medical exam that determines whether each individual member is covered under basic plans. Higher coverage plans may require medical exams, however.

The coverage will also cover spouses and dependents, which is increasingly important for a huge portion of the workforce that plans to get married or have children in the near future.

Contact the Benefits Experts

HMA Benefits works with employers in order to provide the best health care and benefits options for their specific set of employees. For those with a larger workforce, group insurance plans may be something to consider. To better the lives of your employees, their families, and your company, contact HMA Benefits today. 

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Debbie McNamara

Debbie is the perfect fit for business owners and employers, providing a great resource to those looking to retain and engage employees. Employee Benefits Consultant is her official title, but what she really offers is a business administration education, an LLQP certification, 20 years of professional experience in upper management, and an understanding of the needs and challenges facing both employers and employees. Off the clock, Debbie takes great pride in giving back to her community as an active member on a number of volunteer boards. With whatever extra time is left over, she can be found fulfilling a lifetime commitment to health and fitness by participating in individual sports such as running and CrossFit, as well as a variety of team sports including softball, indoor soccer, and volleyball.
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