Access to an established network of regional and national carriers — for plans that meet your business's and employees' needs at a competitive rate ; Year-round assistance in managing benefits plans, easing administrative burdens — such as enrollments, terminations, changes related to life events and renewals ; Integration with payroll, which can simplify changes in payroll deductions as a result of enrollments, life events and renewals
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A group health insurance plan offers coverage at a lower premium than an individual plan and is available to employees of a company or organization.
The group health insurance market size was priced at $744.04 bn in 2021 and is predicted to hit $1,800.08 bn by 2031, at a CAGR of 9.4% from 2022 to 2031.
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