Group Health Insurance with Big “I" Kentucky
Big I Kentucky has an excellent group health insurance plan for its members through Anthem Blue Cross and Blue Shield. This program is risk-rated with competitive rates and has many coverage options to choose from like dental, vision, life insurance, long-term & short-term disability, and employee assistance programs.
All Anthem plans include these valuable benefits:
- Yearly health checkups
- Well-baby and well-child care
- Routine eye exams
- Yearly diabetes eye exam
- Many routine cancer screenings
- Members-only savings for Healthy Lifestyles programs
Being a Big "I" member also provides some game-changing benefits:
- Potential savings on fully insured plans like Blue AccessSM PPO and Lumenos® consumer-driven health plans.
- Competitive association-specific pricing.
- Bringing unique products to the Marketplace as a bona fide association through our Large Group plan sponsorship.
Interested in getting in on this deal? Become a Big “I" Member today! Participation must be 50% of net eligible employees.
Because we are a large group, we are subject to COBRA. You MUST apply to a COBRA administrator. Big I Kentucky has received special pricing from BMS for our members. In order to be eligible, you must complete the proposed COBRA Administration Services form.
To view COBRA rates, please login as a member.
What is Group Health Insurance?
Group health insurance is exactly what it sounds like, health coverage for a group of people. This coverage is usually provided by a company for its full-time employees and their families, but it can also be provided by labor unions, professional associations, advocacy groups, and other organizations.
Generally speaking, a certain number of eligible employees of a group or organization, usually around 70%, must opt into the group coverage before a policy is issued. However, we will write your group health even if it's 1 of 20 people in the office who want coverage. Under the Affordable Care Act, a small business with under 50 employees is not required to offer health insurance coverage to its employees.
The Benefits Group Health Insurance
There are a number of benefits to a group health plan for all parties involved. For the insurance company issuing the policy, there is generally less risk assumed. The insurance provider also has much lower customer acquisition and administration costs.
A group plan also provides employer and employee benefits.
A group health insurance plan is generally going to cost less for an employee in terms of deductibles and premiums than something they could find on their own.
Potential Tax Benefit
Small businesses with 2-25 employees could be entitled to the Health Insurance Premium Tax Credit.
To no one's surprise, most employees like having health insurance policies. Providing a quality health insurance plan will make employees happier, leading to improved productivity and reduced turnover.