Large Group Medical
SCH&A Insurance Services has a committed and well-trained team to assist you in acquiring the right Large Group Medical Insurance.
Large group employers in California are classified as having 101 or more employees. Large Group Medical insurance has special requirements that are very different from those of Individual/Family and Small Group Medical. That is why SCH&A Insurance Services has a committed and well-trained team to assist you in acquiring the right Large Group Medical Insurance.
For employers who do not provide affordable health coverage, there is a tax penalty. This penalty applies if the employer does not offer coverage that meets the minimum value standard. All for-profit, nonprofit, and government employers must secure this coverage in order to avoid fines and issues in the future.
LARGE EMPLOYERS
Large groups of employees, unlike small groups, mean that there is a potential for large claims. One large claim can have a significant impact on the following year’s renewal rate, too. For example, if there is an employee undergoing chemotherapy for a cancer diagnosis, you may not feel the financial strain right away, but you may at renewal time. Keeping your rates low and affordable may seem like a minefield, which is why we are here to assist your business in keeping risks and outgoings low.
In general, large groups typically use average rates to cover employees. These tiers of coverage can include:
- Employee only
- Employee and spouse
- Employee and children
- Family
Insurance must be offered to every full-time employee in the large business, regardless of the medical conditions of the team members. This means that coverage must be provided, whether or not the employee has a pre-existing medical condition or otherwise.
Business owners can choose from a wide range of managed care plans with benefit flexibility and plans to suit every budget. We are distinctively set up to make the most out of your large group’s medical coverage. We know the ins and outs of being a Californian employer, and know how to pick the best local provider options while negotiating the best rate. For you and your workers, we are here to help.
