Group Benefits

Group insurance plans are the backbone of every employer's benefits package. Wellspring Insurance understands the value of pooling small- to mid-size businesses together for better risk management.

Health insurance premiums can be reduced by participating in a group plan where the risk is spread over more individuals, most of whom are generally healthy. Lower risk means lower costs for employers and employees, which is vitally important in this age of increasing healthcare costs.

Additionally, employees can use pre-tax dollars to pay their share of the healthcare premiums, which is a distinct advantage over using taxed money to purchase individual healthcare plans. The process for enrollment and annual renewal are also much simpler with a group plan.Premiums are paid automatically by payroll deduction, reducing the administrative burden for both the employer and the employee. Wellspring will work with employers to find the most cost effective method for capitalizing on these advantages.