Group Medical Insurance from Cattle Raisers Insurance

There’s a good possibility you qualify for group health coverage without even realizing it. A group plan can offer you expanded coverage, lower premiums and less volatility in your insurance coverage. It’s worth investigating.

Here is what you need to know about group medical plans.

• A group can consist of a husband and wife, if both names are reflected on legal, filed partnership documents. Limited Partnerships are acceptable, LLC’s and PLLC’s are not.
• A group can consist of 2 or more W2 employees.
• Group medical plans offer numerous insurance plan options. Unlike individual medical offerings, you can choose PPO or HMO provider networks as well as varying deductibles and RX co-pays.
• Group medical plans can be purchased throughout the year — they normally have a first of the month effective date or 15th of the month effective date.
• Group medical plans must be extended to all employees working 30 hours or more per week.
• Employers are required to contribute at least 50 percent of their employees’ premiums for a group medical plan.
• 75 percent of employees must participate in the group insurance plan, unless covered elsewhere.
• Group employers must comply by group regulations.

Click here to download a medical quote request form or for Open Enrollment Information