Group Health Insurance Plans and Employee Benefits Packages for Oregon Communities:
Portland, Lake Oswego, Sherwood, Clackamas, Hillsboro, Forest Grove, West Linn, Troutedale, Aloha, Kaiser, Sandy, Banks,Salem, Gresham, Beaverton, Corvallis, Tigard, Milwaukie, Boring, Oregon City, Wilsonvile, Newberg, Dallas, Hood River, Estacada, McMinnville, Woodburn, and surrounding cities.
Employee benefits are something that most businesses must manage no matter where you live. While they are an important, few employers have the time and resources to sit down and properly manage them. Montgomery & Graham understands this and has dedicated itself to innovative employee benefits planning.Group health insurance is provided by an employer to its employees, and often to the families of the employees. This insurance may be a policy that the employer purchases from an insurance company, or in some cases is self-funded and it sets funds aside to pay for medical expenses of those covered by the group policy. Group health insurance may be offered to employees at no cost, but often is offered at reduced rate to the employees, or a rate that is better than what an individual might get if they were to get a policy on their own. Group medical insurance is often less expensive per individual than it would be for a private policy. This is due in part the employer subsidizing the rates, and in part to the better rates that the insurance company gives for the large policy. For employee group health insurance, there are two categories: large group insurance and small group insurance. The category of insurance is determined by the number of employees in the company. A company with less than 50 employees is considered small group insurance. A company with more than 50 employees would be considered large group insurance. The rates are different for large group insurance and small group insurance, as are the requirements. Why should an employer choose group health insurance? One reason is that a good employee benefits package helps to attract and retain employees. If an employee has an opportunity to work at two different companies offering the same pay, but one of the companies provides better employee benefits packing, the employee may choose to work for the company with the better employee benefits package. Corporate wellness programs have become very popular in recent years. Companies across the world are realising the importance of employee wellbeing. Happier employees are more productive and healthier employees are happier. Health, joy and productivity are all interlinked. Hence, the benefits of workplace wellness programs are quite obvious.