Group Health Insurance

Beckham Insurance Group offers a wide range of health insurance options to suit the needs of businesses and their employees. Our group health insurance plans allow not just individuals, but larger groups of people to be covered at a reduced cost to the employer. Contact Beckham Insurance Group today to learn more about our group health insurance options and receive a quote.

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Advantages of Group Health Insurance

There are many benefits to investing in group health insurance for your company, including:

Affordability. By investing in a group health insurance policy for your business, you can drastically reduce the size of the insurance premium you have to pay. Additionally, when the cost of the premium is shared between business and employee, it becomes cheaper for your employees to afford health insurance as well.
More Options. Your employees can have greater access to an array of health insurance options, thanks to the reduced cost. With group health insurance partially funded by employers, employees will be better able to afford the coverage they need.
Tax Benefits. Small businesses are eligible to receive a health care tax credit when offering group health insurance. Employers can write off group health insurance premium expenses to reduce end of year tax burden.
Employee Recruitment & Retention. According to a study by MetLife, a better benefits package is one of the top reasons that employees stay with their current employer—or look elsewhere. Health insurance is one of the most important benefits that many employees expect their employer to provide.

Types of Group Health Plans

Health insurance is a widely sought-after benefit among employees, but not all policies are made the same. Sometimes, it can be hard to find a policy that fits all of your needs. Here at Beckham Insurance Group, we understand that struggle. To better serve our clients, we offer a range of options:

Fully Insured Plans

Perhaps the most traditional group health insurance policy option is the fully insured plan. With this plan, your company will pay a premium to your carrier at a fixed rate for one year based on however many employees are enrolled in the plan. The only reason the payment amount should change over those twelve months is if an employee chooses to withdraw or if the number of employees on the plan changes for any reason. Your insurance carrier will then gather all premiums and pay whichever healthcare claims are filed based on the policy you purchased with the employee paying any deductible or co-payment required.

Level Funded Plans

Level funded plans, also known as partially-self-funded plans, have been growing in popularity. While employers may take on more risk with level funded plans than fully insured plans, these plans tend to be more affordable while still offering financial predictability. These plans tend to offer greater flexibility in terms of plan design than fully insured plans as well. You might think of level funded plans as a middle ground between fully insured plans and self-funded plans.

Self-Funded Plans

Generally, self-funded plans are seen as the go-to option for large businesses, but smaller companies are beginning to embrace this type of insurance coverage more often as well. With self-funded plans, the full burden of plan funding and management falls to the employer. This may sound like a downside, but these plans also boast more affordable premium rates and more control over individual plans than fully insured or level funded plans.

[ When you work with Beckham Insurance Group, our expert agents are here to assist with administration to make the burden on your HR staff as minimal as possible. ]

Request a Quote

No matter which group health insurance policy you choose, Beckham Insurance Group is here to help. Our knowledgeable agents will work closely with you to assess your needs and determine the best health plan options for your business and employees. Connect with us today to learn more about our options and receive a quote.

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Blue Cross and Blue Shield

A Division of Patriot Growth Insurance Services, LLC

South Carolina Office
741 Johnnie Dodds Blvd, Suite 200
Mount Pleasant, SC 29464
Map | 843-766-3393

Georgia Office
301 Sea Island Rd, Suite 6
St. Simons Island, GA 31522
Map | 843-766-3393

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BlueCross BlueShield of South Carolina is an independent licensee of the Blue Cross and Blue Shield Association.

Beckham Insurance Group is an authorized agent for Blue Cross Blue Shield of South Carolina.