For businesses with at least one full-time employee, Songer Insurance Agency offers a variety of health plan options and insurers in Beckley West Virginia and surrounding areas. We're here to help you find the right plan for your needs and budget by guiding you through what you need to know — and giving you at-a-glance plan comparisons to help you make decisions.
Group health insurance plans are designed to be more cost-effective for businesses. Employee premiums are typically less expensive than those for an individual health plan. Premiums are paid with pretax dollars, which help employees pay less in annual taxes. Employers pay lower payroll taxes and can deduct their annual contributions (the money an employer pays for employees to have health insurance and other benefits) when calculating income taxes.
How group health insurance works:
Health insurance helps businesses pay for health care expenses for their employees when you pay a premium (the amount that must be paid for your health insurance plan.
For example, insurance companies pay a portion of your medical costs, including for regular doctor checkups or injuries and treatments for accidents and long-term illnesses. The amount and services that are covered vary by plan.
For example, an employee may have a $20 copay for each doctor visit. Alternatively, their plan may not cover any expenses until they have paid their deductible. Generally, the higher an employee's monthly premium, the lower their deductible will be.