Group Health Insurance refers to an insurance plan, which provides coverage to a group of people, mostly a group of members, usually comprising of company employees or members of organizations. They receive insurance at a reduced or low cost, as compared to individuals.

Massachusetts is known for several things, but the essential factor is that it leads the USA in healthcare in multiple ways, including some of the world’s top hospitals and healthcare staff. Massachusetts is also considered a leading state in health insurance. The health care reform law passed in 2006 required every individual to have insurance, and most businesses and organizations offer it.

The Purpose of Group Health Insurance in Massachusetts:

The purpose of buying group health insurance plans by businesses and organizations is to provide medical coverage to the members or employees. Therefore, no individual, only groups, can purchase or enroll in group health and medical insurance plans. Thus, all the group health insurance plans in Massachusetts are different due to the variation in health insurance companies, cost, types of group plans, and plan specifications. 

The group health insurance Massachusetts chooses the group members to enroll or decline the group health insurance coverage. However, employees can add family and dependents to the group health insurance plans only at additional costs.

Therefore, according to the Affordable Care Act (ACA), the larger businesses, having more than 50 full-time employees, must provide their employees with group health insurance. At the same time, small companies with less than 50-full time employees are not liable to provide their employees with health insurance.

Benefits of Group Health Insurance in Massachusetts:

Massachusetts is one of the best states regarding healthcare and health insurance, offers several group health insurance benefits to the members, and the benefits can get summarized as:

  • The money paid as monthly employment premiums for the employee usually becomes tax-deductible.
  • The significant benefit is that organizations and businesses can enroll in group health and medical insurance plans at any time of the year.
  • Eligible and professional associations or organizations can also buy medical and health insurance plans through qualified and experienced associations or organizations.
  • One of the significant benefits is that ground health insurance has great potential for tax benefits.

The group health insurance Massachusetts offers excellent and affordable plans for multiple departments or damages; they are:

  • Medical 
  • Vision
  • Dental 
  • Life insurance 
  • Accident insurance 
  • Critical illness 
  • Disability 
  • Hospital Indemnity 

The group health insurance Massachusetts also has some insurance mandates, covering various services, including:

  • Hearing aids
  • Infertility treatments
  • Early intervention 
  • Prosthetics
  • Autism treatment and therapies 
  • Mental health illness
  • Abuse treatments

Massachusetts and The Current Health Insurance:

We can sum up the current condition of health insurance in Massachusetts as:

  • In 2021, the premiums have been raised around 7.9% for small group markets and individuals.
  • The commercial insurance market is focusing on Medicare, MassHealth plans, and Medicaid.

Mark Feldman Insurance:

If you are looking for the best and reasonable group health insurance company in Massachusetts, Mark Feldman Insurance is your right choice. We offer economical and budget-friendly insurance plans to people without burning a hole in their pockets, and we give good group health insurance quotes. Mark Feldman Insurance is a small insurance and financial services company, and it works with small businesses throughout Massachusetts.

The quality services Mark Feldman Insurance provides to the people are:

  • We put our clients’ needs first, and their satisfaction is our priority.
  • We give choices to the employees, which makes them happy.
  • We offer fast services and do all the procedures quickly, to save our customer’s time.
  • We are always there to listen to the queries of our customers and solve them immediately.

Mark Feldman Insurance represents and encourages the small businesses health insurance mass, and we believe that we are the best to buy affordable health insurance for your company. Our company doesn’t charge membership fees from the small businesses that use Mark Feldman Insurance as a source of their group coverage. We help employers to compare, think, shop, and choose the right health insurance plans.