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Affordable coverage for employees. This means people who otherwise couldn’t afford personal insurance may qualify. |
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Uninsurable employees may be covered if they are actively at work when they join the plan. |
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Less stringent underwriting than an individual application. |
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Employers may pay some or all of the cost (contributory vs. noncontributory). |
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The employees’ share of the premium is regarded as a taxable benefit to them. |
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A wide range of insurance benefits may be tailored, including: |
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- Drug plan
- Out of country travel
- Disability
- Dental care
- Life insurance
- Accidental death & dismemberment
- Extended health care |
