Group Benefits - Requirements

When offering insurance and retirement benefits it’s important to keep in mind the following:

»  Group Insurance plans generally require an employer to pay a minimum of fifty percent of the employee’s premium.
»  Employers are generally required to offer most benefit plans to all full time employees.
»  Insurance companies also require that a minimum participation or enrollment in the plan be maintained.  This minimum enrollment is usually 75 % of eligible employees.  An eligible employee is considered someone who is full time and is not covered by another insurance plan.
   

 

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