As any employer knows, group health insurance can have a significant role in employee recruitment and retention. Offering benefits and perks will attract potential employees to your business, and will help current employees feel appreciated and valued.
Group insurance plans are pre-taxed, and employers can decide between plans that are offered and have a wider network. A business can shop and purchase a group plan any time of the year.
The Benefits of Travel Medical Insurance
Getting travelers’ medical insurance policies offers several benefits.
Without travel medical insurance, you are left handling these unexpected expenses independently. It could put you into debt or put your health at risk.
When you reach out to Cosmo, your assigned broker will help determine what your health insurance needs and priorities are. We explain your options in great detail and clarity – including the fine print – so that you can choose a health plan that will keep you covered for the long term.
We offer a wide range of employee benefit options, including conventional group insurance, self-funded insurance plans, HSA plans, and COBRA administration assistance.
Health insurance is a safeguard that will protect you from the full expense of healthcare and any procedures you may need. You pay a monthly premium, and in exchange, the insurance company pays for the rest of your medical fees and costs.
Although the monthly payments you’re required to make can be high, it doesn’t compare to the costs of the care you receive. Investing in health insurance can save you incredible amounts of money every year.
Open Enrollment Period is the yearly period when people can enroll in a health insurance plan or make changes to their existing plan.
Open enrollment in the individual market (on and off-exchange) runs from November 1 to December 15 in most states.
Special Enrollment Period (SEP) is a time outside the yearly Open Enrollment Period when you can either modify your current plan, or enroll in a new one. There are a few requirements that allow you to be eligible for special enrollment. They include: Losing your previous health plan, moving to a different state, getting married, giving birth, or adopting a child. You are eligible for the special enrollment for up to 60 days after the event, and you must wait until the next Open Enrollment if you don’t enroll in the specified time period.
Events that qualify: