For those of you who do not think that you qualify for a group insurance plan you may be surprised to find out you do.
Why would I want a group insurance
plan?
Most small contractors may find it difficult to get disability insurance. The cost for individual insurance may also be out of reach from a premium perspective. A group insurance plan may solve these problems.
Medical and dental insurance is often too expensive for a small contractor as individual plans are often expensive and very limited in what they cover. Group insurance can both lower your premium and provide a broader range of coverage.
If you hire one or more employees year round you are often competeing with companies who offer a group insurance program. Having a plan can make it easier to hire and retain employees.
I don't hire employees, or I only hire employees on a seasonal or temporary basis, do I qualify?
Quite a few group insurance companies offer plans for businesses with one or more employees. Seasonal employees can be excluded if you prefer. Temporary employees would not be eligible to enrol until they were employed for three months.
Do I have to provide medical evidence to get coverage?
Plans vary, but the rule of thumb is, if you are the only employee you will have to answer a medical questionaire and your health will determine if you are eligible for coverage.
With two man and larger groups a certain level of coverage is provided without medical questionaires. To qualify for more coverage you and your employee(s) would have to provide medical evidence. As the number of people being insured in the group increases the amount of coverage automatically providesd, before medical evidence is required, increases.
What could a group insurance policy cover?
Below is an example of the coverage available. If have used this particualar company's offering as an example for this blog. Other companies offer similar plans. If you are seeking group insurance we suggest that we request quotes from mulitple companies in order to get the best selection of coverage at the best premium.
If you want to explore the possibilities we would be more than happy to help you.
Phone or Text Us 306-821-1620
Email garthmerryweather@sasktel.net
Most small contractors may find it difficult to get disability insurance. The cost for individual insurance may also be out of reach from a premium perspective. A group insurance plan may solve these problems.
Medical and dental insurance is often too expensive for a small contractor as individual plans are often expensive and very limited in what they cover. Group insurance can both lower your premium and provide a broader range of coverage.
If you hire one or more employees year round you are often competeing with companies who offer a group insurance program. Having a plan can make it easier to hire and retain employees.
I don't hire employees, or I only hire employees on a seasonal or temporary basis, do I qualify?
Quite a few group insurance companies offer plans for businesses with one or more employees. Seasonal employees can be excluded if you prefer. Temporary employees would not be eligible to enrol until they were employed for three months.
Do I have to provide medical evidence to get coverage?
Plans vary, but the rule of thumb is, if you are the only employee you will have to answer a medical questionaire and your health will determine if you are eligible for coverage.
With two man and larger groups a certain level of coverage is provided without medical questionaires. To qualify for more coverage you and your employee(s) would have to provide medical evidence. As the number of people being insured in the group increases the amount of coverage automatically providesd, before medical evidence is required, increases.
What could a group insurance policy cover?
Below is an example of the coverage available. If have used this particualar company's offering as an example for this blog. Other companies offer similar plans. If you are seeking group insurance we suggest that we request quotes from mulitple companies in order to get the best selection of coverage at the best premium.
If you want to explore the possibilities we would be more than happy to help you.
Phone or Text Us 306-821-1620
Email garthmerryweather@sasktel.net
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