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Insurdinary generates customized, hassle-free employee benefits insurance quotes. Compare options at a glance and easily find the coverage you need for your employees at a price that won’t break the bank.
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Insurdinary: Making Group Health Care Accessible for Everyone

Health care is expensive.

According to a 2022 survey by the Kaiser Family Foundation (KFF), a nonprofit focusing on national and global health issues:
  • Nearly half of U.S. adults report they find it difficult to afford health care costs.
  • 43% say they have delayed or skipped health care they needed in the last year for financial reasons.
  • About a quarter say they or a family member have skipped doses, cut pills in half, or not filled a prescription in the last year because of the cost.
Even those with health insurance are struggling. Nearly one-third of insured adults worry about affording their insurance premium every month, and 44% aren’t sure if they can cover their deductible.
And it's no wonder: In 2021, health insurance premiums averaged a whopping $645 per month for uninsured individuals and $1,852 for families.

In response to the rising cost of health care, Insurdinary provides solutions that enable you to get the health coverage you and your family need without breaking the bank.

Employee insurance — also known as employee benefits, group health insurance, group benefits, group health plan, or employer-based coverage — is the most popular type of health insurance in the United States.

As the name suggests, you can’t get employee benefits insurance as an individual. To qualify, you must be an employee or a member of an organization, such as a union, an association, or a wholesale membership club.

Because insurance providers can spread their risk among a bigger pool of policyholders, the costs are typically lower than individual plans and other types of health insurance policies.

Get Your Employee Benefits Insurance in 3 Easy Steps

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1. Find a Plan

Answer a few basic questions to tell us about your needs, and we’ll pull up a list of plans that could be a good fit.
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2. Choose a Custom Plan

Compare available plans side-by-side, including approval criteria, coverage types, and supplemental services, such as dental, vision, and pharmacy.
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3. Get a Quote and Apply

Once you’ve narrowed down your options, you can request quotes for up to three different plans. You’ll also be able to see how prices change as you add coverage options.
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How Employee Benefits InsuranceWorks

To get employee benefits insurance, your company or organization must first purchase a group health plan and make it available to its employees or members. Most insurance providers also require that a minimum of 70% of employees or members participate for the group coverage to kick in.

You can accept or decline the group coverage, but it’s usually in your best interests to participate. Not only will your employer or organization split the premiums with you, but they are typically lower than individual plans because the risk is spread across more people.
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5 Reasons Employee Benefits Insurance Is Less Expensive Than Individual Plans

Nearly half of the U.S. population (49.6%) has employee benefits insurance coverage, which is often much more affordable than individual plans.

Insurdinary scours all available group health plans to lower your costs even more. We believe that employee benefits insurance policies can make for a cost-effective investment.

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Here are the reasons why:

Risk distribution

The financial risk is distributed across multiple policyholders, allowing insurers to charge less.

Split premiums

You split the premiums with your employer or organization.

Tax benefits

Participating employers may be eligible for tax credits. Also, the amount your employer pays towards your premiums can be done pre-tax, reducing your overall taxable income.

Tiered plans

Group health plans often come in tiers, so you have the flexibility to opt for basic coverage or buy add-on services.

Family coverage

You can extend coverage to your spouse and dependents under the age of 26 for an extra cost, which is often cheaper than buying separate plans.

Employee Benefits Insurance Options

When choosing a group health plan, there are three main categories to consider:

Fee-for-Service Health Insurance (FFS)

These are the priciest plans out there, but on the flip side, they are also the most flexible.

Simply visit a participating healthcare provider of your choosing, and your insurance will cover the cost or reimburse you later.

These plans are becoming less popular as they incentivize providers to offer a large number of services instead of prioritizing fewer, higher-quality care services.
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Health Maintenance Organizations (HMOs)

HMOs are the most budget-friendly type of private health insurance.

Your insurance company contracts with health care providers to provide care to members and then assigns you a network of providers that manage your health in coordination with a primary physician.

To see a specialist without paying out-of-pocket, you need prior authorization or a referral from your primary care physician.
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Preferred Provider Organizations (PPOs)

If you want more flexibility and control over your care options than with an HMO, a PPO might be a better fit. You will have access to a larger network of providers, and you won’t have to choose a primary care physician. With a PPO, you can also see out-of-network providers and still maintain coverage. However, there may be a higher copay for each visit and a higher deductible. PPOs also charge higher premiums than HMOs.
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Choosingan Employee Benefits Insurance Plan

Employee insurance coverage varies across providers and plan tiers. However, the Affordable Care Act requires all small group health insurance plans to provide the following essential health benefits at a minimum:
  • Emergency services
  • Hospitalization
  • Outpatient care
  • Prescription drugs
  • Lab services
  • Pregnancy, post-natal, and newborn care
  • Pediatric services, including dental and vision care
  • Mental health and substance abuse services
  • Preventive care and chronic disease management
  • Rehabilitative and habilitative services
Group plans often have tiers ranging from basic to more comprehensive coverage with optional add-ons. Some plans also include vision and dental insurance.
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Do You Need
Employee Benefits Insurance?

You don’t have to get employee benefits insurance through your employer or organization, but in most cases, it’s wise to do so. Individual plans can be considerably more expensive, especially when you consider the costs mounting over time.

An employee health plan doesn’t benefit just you—you can usually extend coverage to your family members and dependents under 26, often at a lower cost than purchasing separate insurance policies.

Let’s take a deeper dive and explore four more reasons to invest in group benefits insurance, using the United States system as an example:

Insurance Might Be Required by Law

The Affordable Care Act (ACA) requires certain businesses with 50 or more full-time employees (or the equivalent in part-time employees) to provide health insurance to 95% of employees and their families.

If they fail to do so, businesses must pay an annual fee to the IRS ranging between $2,000 and $3,000 per full-time employee.

Insurance companies are also required to offer employee benefits insurance to businesses and organizations with as few as two employees. In some states, self-employed individuals may be eligible for group coverage as well.

Employee Benefits Insurance Is More Economical

Because group health plans allow insurers to spread their risk across many policyholders, premiums tend to be lower than with individual plans.

According to KFF, the average group benefits insurance in 2020 cost $7,470 per year for individuals, with employers covering around 80% of the amount. Family coverage averaged $21,342.

Employee benefits insurance also provides tax benefits to both employers and employees. The amount employers contribute towards premiums is tax deductible, and employees can pay their premiums pre-tax, reducing their overall taxable income.

If you run a small business, you may also be eligible for Small Business Health Care Tax Credit. To qualify, you must have fewer than 25 full-time employees with average wages of under $50,000 a year, offer a qualified plan through the Small Business Health Options Program (SHOP) Marketplace, and cover 50% or more of the cost per employee.

Insurance Encourages Preventative Care

When you pay out of pocket for every health service, you may avoid preventative care as an unnecessary expense.

Unfortunately, many serious and potentially life-threatening conditions, including cancer, diabetes, and high cholesterol, can present no symptoms at first. If you don’t get preventative care and annual physicals, these may go undetected.

Most group health insurance plans include regular checkups, screenings, and vaccines at no extra cost. This can encourage you to monitor your health more regularly to catch and resolve potential issues before they become real problems.

Insurance Gives You Peace of Mind

Without health insurance, you may hesitate to venture out into the world and enjoy your hobbies or explore.

For many uninsured folks, it's a financial risk they're not willing to take—a single injury or illness can result in a pile of medical bills and mounting debt. Worse, you may delay or skip on getting the care you need out of fear that you can’t afford it.

Of course, insurance isn’t (usually) free, but it’s almost always more economical than paying out of pocket for every trip to the doctor’s office, and the peace of mind you get knowing you're covered is priceless.

Why Choose Insurdinary for Employee Benefits Insurance Quotes?

Finding, comparing, and selecting group benefits insurance plans can easily get overwhelming. Luckily, you don’t have to go it alone. At Insurdinary, we take care of the legwork, matching you with a plan that provides the coverage you need.
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Get Fast Quotes

Gone are the days of shopping around for days and weeks just to get a few quotes that may not even be accurate.

We scour the available options from top providers and pull up a single, easy-to-understand list, so you can view and compare the alternatives in one place.
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Lock in the Lowest Rates

We collaborate with the top insurance providers that offer a wealth of coverage types at sensible prices.

But here’s the best part: At Insurdinary, we don’t charge for our services! You only pay for your insurance.
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Sign Up with Ease

The worst thing about insurance, other than paying the premiums, is the mountain of paperwork you have to fill out.

Insurdinary gets rid of all that. You can apply for your chosen group health plan online in just a few steps.

Choose the Right Employee Benefits Insurance for You and Your Family

Not sure what coverage you need? Your age, health, lifestyle, budget, and family status all play a role in deciding which group plan would work best for you. The choice doesn’t get any easier when you have a seemingly endless menu of providers and coverage types.

At Insurdinary, we take the guesswork out of choosing health insurance by presenting you with pre-selected options that meet your coverage requirements without drowning you in a sea of extra and costly add-ons you don’t really need.

When comparing Insurdinary quotes, you can choose from the following benefits:
Prescription Medications
Dental Coverage
Medical Equipment
Eyewear and Exams
Travel Coverage
Medical Specialists
Hospital Visits
Physical Therapy
Ambulance Trips
Preventative Care
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How to Choose and Customize Your Employee Benefits Insurance Policy

Insurdinary provides everything you need to make the right choice for your employee insurance. We present you with a detailed breakdown and comparison of the plans that are available to you and meet your needs.

Here are the most important aspects to consider when comparing employee benefits insurance plans:

How Costs Are Calculated

Employee benefits insurance plans vary considerably across providers and employers, so no two policies are 100% alike. Some of the factors that can influence pricing include:
  • The insurance provider
  • The coverage type
  • Your age
  • Your location
  • Your income
  • Your employer or organization
  • Family members
  • Lifestyle factors, such as tobacco use
  • Whether you plan to bundle coverage
  • Deductibles
Insurance companies use actuarial tables to estimate how much it would cost to provide you coverage while still turning a profit.

Because each insurance company has its own risk analysis models, there can be significant differences in premiums across providers, even if the plans offer similar or identical coverage.

How Deductibles Work

Every employee benefits insurance has a specified deductible. This is the minimum amount you have to spend for covered services (other than free preventive services) before your coverage kicks in and your insurer pays 100% of your medical costs.

Depending on your provider and coverage type, your deductible can range from $0 to thousands of dollars. Typically, lower deductibles mean higher monthly premiums, and vice versa.

According to the KFF, the average deductible for individual employer-provided coverage was $2,295 for small businesses and $1,418 for big companies.

Available Cost-Sharing Options

With employee benefits insurance, you split the cost of premiums with your employer or organization. The KFF reports that employers paid approximately 80% of their employees' premiums in 2020.

Other cost-sharing options involve splitting care expenses with your insurer through copayments or coinsurance.

Copayments are fixed sums you pay each time you go to the doctor. If the visit costs $100, you might have a $10 copay, with your insurance covering the rest. If you haven’t reached your deductible threshold yet, you will have to pay the total amount.

Coinsurance is similar to copayments but is calculated on a percentage rather than a fixed-fee basis. For instance, if your plan has a 15% coinsurance, you would pay $15 of a $100 doctor visit (assuming you’ve reached your deductible threshold).

How to Find Affordable Plans

The best way to find affordable employee benefits insurance that also has the coverage your employees need is to compare multiple quotes.

By the same token, the worst thing you could do is contact just one provider and sign up on the spot. Chances are you’ll end up paying a premium price with not much in return.

It can be hard to tell a good deal from a bad one if you don’t know what other options are available and where to look for them.

This is where Insurdinary comes in. We do all the hard work for you by finding and compiling customized employee benefits insurance quotes from top providers. Better still, we display them directly on your screen in just a few short minutes.

How to Keep Insurance Costs Low

Employee benefits insurance is never truly cheap, but there are ways to keep your expenses as minimal as possible.
  • Check Medicare and Medicaid eligibility. Many employers and organizations offer employee benefits insurance to employees or members who are also eligible for Medicare. In other cases, you can have both Medicaid and private group insurance if you meet your state income requirements. Having both coverage types can make your health care considerably more affordable.
  • Opt for a high deductible. Higher deductibles lower the risk for the insurer, resulting in lower monthly premiums.
  • Open a Health Savings Account (HSA). An HSA is a savings account that you fund with pre-tax money to pay for qualified health care expenses.
  • Choose an HMO plan. HMOs tend to be the most economical of all private insurance plans.
  • Lead a healthy lifestyle. Some plans offer discounts to people in good health and non-smokers.

Employee Benefits Insurance
Frequently Asked Questions (FAQ)

Read the answers to frequently asked questions about employee benefits insurance:

How do I know if I’ve selected the right employee benefits insurance plan?

While the sheer number of providers, plans, tiers, and add-ons can be daunting, it’s actually easy to tell if you’ve got the right employee insurance for your needs. At Insurdinary, we help you make the right choice by comparing options side-by-side.

At the end of the day, it all comes down to two questions: Do you have all the coverage your employees need without extra benefits you don’t actually use? Is that coverage affordable for your organization?

What does employee benefits insurance cover?

That’s up to you! While coverage types vary across providers, we’ll provide you with an extensive list of options and benefits to choose from, including vision, dental, prescription medications, physical therapy, medical equipment, travel coverage, and more. You’ll be able to compare all options at a glance and see how costs go up or down when you add or remove benefits.

How can I save money on employee benefits insurance?

In most cases, you can significantly reduce your insurance costs by following these simple tips:
  1. Compare multiple options: Shop around extensively before making any commitments. At Insurdinary, we make this easy by pulling together multiple plans in one place for you to compare.
  2. Ask about discounts: Some insurers and plans offer seasonal discounts or special rates for lifestyle factors, such as not smoking.
  3. Bundle your coverage: By buying insurance through a company that provides more than employee benefits insurance, you may be able to bundle multiple policies with the same company at a discount.

When will I get my employee benefits insurance quotes from Insurdinary?

Your quotes will be in your inbox before you know it! Simply fill out our questionnaire, and we’ll send you a custom selection of group benefits insurance quotes from top providers in a few minutes.
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