What is it?
An employee welfare benefit plan established or maintained by an employer that provides medical care for participants or their dependents directly or through insurance, reimbursement, or otherwise.
In today’s business climate, most companies are looking for competitive solutions to the rising cost of employee benefits. The ever-changing health care industry, increasing costs and greater consumer demand for choice, flexibility, information and technology have created challenges for human resource departments and employers. Diversify Insurance, Inc. is there to provide a one-stop-shop to fulfill all your employee benefit needs. With our many relationships we are able to research the entire marketplace and the hundreds of options that are available to help you find a benefit plan that best meets your company’s objectives. Our staff of professionals is trained to handle all of your benefit needs and service you and your employees so that you can focus on the growth and success of your company. Whether you are looking for insurance options, retirement plans, supplemental benefits, executive/key-person planning, business consulting, etc., Diversify Insurance, Inc. and our team of insurance specialists can help you find and maintain the solutions that you need.
Frequently Asked Questions
Am I eligible to offer Group Health Insurance in Utah?
If you have at least one eligible full-time equivalent employee you may want to consider offering a group health plan. The cost of the premium is generally shared between the employer and its members based on the plan.
What are the benefits of Group Health Insurance?
The primary advantage of a group plan is that it spreads risk across a pool of insured individuals. This benefits the group members by keeping premiums low, and insurers can better manage risk when they have a clearer idea of who they are covering. Insurers offer a better selection of plans to groups compared to what is offered for individual/family plans.
What types of group insurance are available?
There are many types of insurances that employers may include in their employee benefit package, including medical, dental, vision, term life, personal accident, disability, and workers compensation.
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