President | Founder, CLM Insurance Group, Delray Beach, FL
Employers often subsidize group health insurance premiums (Not always) so employees have access to quality benefits at affordable rate. The actual amount they pay will depend on the size of the group, amount of employees participating in the plan, type of benefits offered and some other factors.
The end result is that employers who offer group benefits pay a lot for it. Group health insurance is expensive and costs continue to tick upward.
That is a great question! The rates paid by an employer will depend on a couple of things. The size of the workforce to be covered, the type of benefit plans to be offered, and the healthiness of the workers for example. A workplace where many claims are filed will pay more than one where few claims are filed, and a company that offers only a bare bones plan will pay less than one that offers several tiers or options in their plans. Regardless, they will pay a lot, Group plans can be expensive. If you have more questions, contact me, I'm happy to help. Thanks for asking!
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The end result is that employers who offer group benefits pay a lot for it. Group health insurance is expensive and costs continue to tick upward.