Pros & Cons of Group Health Insurance in Vancouver

January 17, 2018

No matter how many employees your organization employs, you’ve probably thought a lot about the pros and cons of group health insurance in your Vancouver office. Here at GreatWealth Insurance Services, we specialize in helping smaller organizations set up group insurance plans which can compete with the benefits offered by larger firms.

The right group health insurance can make the difference in recruiting and retaining the talent you need for your business to thrive.  

The Pros of Group Health Insurance in Vancouver through GreatWealth

We pride ourselves on not pushing our clients towards one-size-fits-all benefits packages. Instead, we help you build the plan that’s right for your business and budget through a custom-selection of group insurance options. Your company will gain the benefits of access to insurance at a reduced cost while realizing higher productivity and improved morale at the office.

Just some of the benefits you could choose to include are:

  • Group Medical Plans
  • Group Prescription Drug Plans
  • Group Vision Plans
  • Group Dental Plans
  • Group Travel Accident Insurance
  • Group Long-Term Care

No matter what you or your employees desire from a group benefits package, GreatWealth Insurance Services can help make it happen!

The Cons of Group Health Insurance in Vancouver

Depending on the number of locations you have, group plans can be expensive. If your employees don’t plan to stay with your company for very long, the changing size of the group may affect the cost of the plan. Likewise, all group plan benefits will need to be given to all members of the group: your employees will not be able to pick and choose the benefits they would prefer. It is sometimes also expensive or difficult to expand an employee health insurance plan to include dependents.

We Can Help

The team at GreatWealth are experts in creating and administrating cost-effective group health insurance plans for Vancouver companies. We’ll work with you to explore which funding methods are most appropriate to your needs, educate employees on plan benefits, and help made administration seamless for your HR team.

Do you have any questions? Let’s talk! Call us today at 604 757-6300 for a free quote.