Group Health Insurance
Many companies offer group health insurance and benefits as a perk for their employees. Offering group health leads to higher company morale, productivity and employee retention. Group health insurance allows employees to enroll under a health plan offered by a business.
Under a group health insurance plan, the employer covers part of the cost of the insurance plan and the employees are responsible for paying the remaining amount. Starting 2014, most people will be required to have a health insurance plan or pay a penalty, furthermore groups of 50 or more full time workers will be required to offer group health insurance or pay a penalty.