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Group Health Insurance

Group Health Insurance Solutions from Income Resource Group

Offering group health insurance isn’t just a benefit it’s a smart investment in your team. For many employees, health coverage is a top priority, especially with the rising cost of individual plans. At the same time, it’s one of the biggest expenses for employers, right after payroll.

That’s where we come in. At Income Resource Group, we help you navigate the process with clarity and confidence. From choosing the right plan to managing costs, we’ll take the pressure off your plate so you can focus on attracting and retaining great talent, not getting caught up in the fine print.

Group health insurance is a plan that covers multiple people under a single policy most often employees of a company or members of an organization. Because the risk is shared across a larger group, insurers can offer better rates and broader benefits than most individual plans.

This collective approach not only helps reduce costs for everyone involved, but also makes it easier for employers to provide meaningful healthcare coverage. With group insurance, your team gains access to reliable care, and you gain a valuable tool for supporting and retaining the people who help your business thrive.

Group health insurance plans are built to make quality coverage more affordable for both employers and employees. Team members usually pay lower premiums compared to individual health plans, and because those premiums are paid with pre-tax dollars, employees can also reduce their overall tax burden each year.

It’s a win for businesses, too. Employers benefit from reduced payroll taxes and can deduct their contributions when filing income taxes, making group coverage a smart, tax-friendly investment in your team’s well-being.

One of the biggest advantages of group health insurance is affordability. Thanks to the power of numbers, group plans typically offer lower premiums than individual plans. That’s because when more people are covered under the same policy, the overall risk is spread across a larger pool helping keep costs down for everyone. In simple terms, the higher expenses of one person can be balanced by the contributions of many, making it a smart, cost-effective option for both employers and employees.

There are also valuable tax benefits that come with group coverage:

  • Employers can usually deduct the cost of monthly premium contributions as a business expense.
  • Employees often pay their premiums with pre-tax dollars, reducing their taxable income.
  • And eligible small businesses may even qualify for the Small Business Health Care Tax Credit, making the savings even more significant.

At Income Resource Group, we’ll help you make the most of these advantages so you can offer strong coverage while staying financially smart.

The cost of group insurance can vary based on several key factors related to your company, your team, and the plan you choose. These may include:

  • The age, gender, and marital status of employees
  • Salary levels within the group
  • Your industry or line of business
  • The types of benefits offered (like dental, vision, or short-term disability)
  • Plan details such as co-pays, deductibles, and coverage limits
  • How often employees use the plan (claims history)

While group health insurance won’t solve every workplace challenge, it does make a meaningful difference. It shows employees that their well-being matters and that can go a long way in strengthening trust, morale, and long-term loyalty.

Choosing the right group health plan isn’t always easy, but that’s exactly what we’re here for. At Income Resource Group, we’ll help you understand your options, find the right level of coverage, and build a plan that works for both your business and your team.

Let’s connect and make your benefits strategy stronger together.

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