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Pros and Cons of a traditional individual group health insurance plan vs. individual health insurance reimbursement for Small Businesses. We are a leader in employee benefit management and will develop effective affordable benefit solutions for your company in Cary, Apex, Raleigh, Durham, Charlotte, Wilmington, Greensboro or another North Carolina location. For more information you can call us at (919) 303-9690 Monday to Friday between 10 AM to 5 PM or visit us at https://www.thebenefitadvisors.com/group-benefits/
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Group health insurance policies are seen to be growing in popularity across the country, and this may be because there are some serious advantages to these policies rather than individual ones. Not only are they often cheaper than individual coverage in many states, but small company’s find them easier to manage. For example, there will be a monthly combined bill, uniform and regulated coverage for each employee along with many tax benefits. This ease of coverage is encouraging more and more small businesses to find out if they qualify for group health insurance:
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Group and Self-Employed Plotted on 'Group' Axis. Non Group Plotted on 'Non ... 68% of employed enrollees had no health insurance in 12 months prior to enrolling ...
New business premiums in the group risk insurance category grew by 35.8% in 2012, but fell by 2.9% in 2013. This was a result of a sharp rise in new business at Friends Life in 2012 following its consolidation of Bupa’s protection business and Axa’s UK life business, and a subsequent decline in group protection sales reported by the insurer in the 2013 PRA returns. To get details of report at: http://www.reportscue.com/group-risk-insurance-in-the-uk-key-trends-and-opportunities-to-2018-market
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