Group Health Insurance
Health Insurance is a challenge for almost everyone and no one knows that better than an employer. It has become one of the most crucial costs of employment and one of the most sought after of benefits. Many states have some form of mandatory coverage requirement for employees of firms with a minimum number of employees.
True Group Health Insurance provides coverage without regard to insurability and spreads the risk to the insurance company over a large group of individuals. Theoretically, the cost of insuring an unhealthy person who will have substantial claims on his/her policy will be offset by the lack of claim by a person who is healthier.
To find out what regulations you might be subject in your State, contact the State Labor Board and inquire about health coverage requirements. In
Hawaii, if you have employees working 20 hours or more, you are required by law to provide health insurance.