Benefits for the Large Group

Large group insurance is defined as group insurance for businesses with 51 or more employees eligible to participate in the benefit program. For example, an employer may define an eligible employee as an employee working 30 or more hours per week. If the employer has 51 or more employees on payroll meeting that eligibility requirement, the employer is considered a large group employer regardless of how many employees elect benefits.

Unlike small group, large group employers may be declined insurance by the carriers for numerous reasons. Large group cases are underwritten differently by the insurance carriers. Large group employers’ group experience, the health of their workforce, the age of their workforce, the specific benefit plan design, and other factors all influence the insurance premiums. An insurance broker with underwriting, claims, and benefit design experience is essential for the large group employer.

Benefaction has direct experience at major insurance carriers and we understand how large group business is priced and the factors that contribute to price. As a result, we have the experience necessary to adjust plan designs and choose the right carriers and plans to provide cost-effective solutions to your insurance needs.