As a small business owner, you have the task of deciding whether or not to provide a group health insurance program for your employees. Most business owners have the need for health insurance themselves; therefore, it is usually in their best interest to be on a group plan rather than an individual plan. Group plans often have richer benefits and lower overall premiums because of the "shared cost" effect.

Once the decision is made to acquire a group plan, you should be aware of the types of health plans available and the many features and benefits they provide. There are many types of group insurance programs. However, it shall be the focus of this article to only include plans that are designed to be comprehensive medical plans and not plans that will cover specific medical treatments.

Additional Information on Group Health Insurance

Comprehensive Major Medical Plan
Health Maintenance (HMOs)
Preferred Provider Organizations (PPO's)
Self Funded Plan
Cafeteria Plan
Conclusion
Out of Pocket Maximum

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