Let’s face it, health insurance is a complex topic to discuss. For some people, it carries financial, business, or even political connotations. For others, it has real implications on their everyday health.

Different people in different situations have different needs. All people are not the same, so you can expect the same of health plans. With so many options out there, many business owners find themselves confused about how to select the right health plan for their business and their employees. Group health insurance is an excellent option for businesses and comes with many benefits for both the employer and the employees.

Individual Health Insurance

First, we’ll give you a rundown on individual health insurance. Individual health insurance, put simply, is health insurance that is purchased independently by someone to cover themselves and their family. Typically this is done through a health insurance agent or broker who helps you find the right plan that meets your needs and budget. If you need individual health coverage and are not sure where to start, Derby Insurance Solutions can help!

Group Health Insurance

Group health insurance, or employer-sponsored coverage, by contrast, is selected and purchased by an employer where it is then offered to their employees and their families or other dependents. This type of coverage is very popular in the United States and accounts for the coverage of more than half of working Americans.

One of the benefits, for both the employer and the employee, is that each party pays for a portion of the coverage. With individual health insurance, the person purchasing the insurance plan is responsible for the entirety of the plan, unless they qualify for a subsidized rate. Under group insurance, each party effectively gets a discounted rate on their insurance as the bill is split.

Tax Credits

Many small business owners who provide health insurance to their employees may also qualify for tax credits. These tax credits were established by the Affordable Care Act and many small businesses can still take advantage of them. In order to qualify for these tax credits, a small business must have no more than 25 full-time employees whose salaries average less than $50,000 a year, and the business must be paying at least half of the premiums. When all is said and done, these credits can be substantial. In fact, they can be worth up to 50% of the cost of the business’s portion of the premiums. These tax credits are typically bigger for smaller companies.

Happy Employees

While the bottom line is certainly an important part of running a business, it is not the only part. Happy employees typically make for a better work environment and happier customers. Offering group health insurance is one of those pieces that go a long way towards making employees happy. Employees appreciate when they are taken care of, and a good health insurance plan greatly helps in this effort.


While group insurance is an effective and relatively inexpensive means of making sure people are covered, it does come with its own set of limitations. Typically, under group plans, employees lose their coverage if they lose or change jobs. Additionally, certain medical providers may not accept the insurance you have through your employer. If your employer provides insurance that your doctor or primary care provider does not accept, individual health coverage may be a better option.

Everyone is Unique

Everyone’s health situation is unique. Nobody fits in the same mold. If you have questions about which health insurance plan is right for you, or if you simply need help navigating the complexities of the healthcare system, contact Derby Insurance Solutions today!

Our list of group health insurance benefits is far from comprehensive. The list of benefits can be endless, as every person and every business is unique. From tax credits to happy employees and everything in between, Derby Insurance Solutions can help you find the right plan to help your business succeed.

Derby Insurance Solutions

The system is complex; we get it. Processing this information and making a long-term decision that affects the health and finances of your business, employees, and family is no easy task. The good news is we are here to help with that! As a local, family-owned business, we are devoted to protecting you and your wallet. We specialize in finding the right plan for your situation. We will help you make sense of the group health insurance, sort through premiums, deductibles, out-of-pocket max costs, and will help you find a plan that meets your needs. Everyone will need medical care at some point in their lives, so make sure you are prepared and have a quality health insurance plan.

Here at Derby Insurance Solutions, we carry plans from many of the top health insurance providers – these include BlueCross BlueShield, United Health Care, and more! We are able to help you find a quality, affordable health insurance plan that suits the needs of you, your family, or your business. In addition, we have experts standing by to help you make sense of the ever-changing health insurance landscape. Whether you are shopping for a new plan or simply have questions about navigating the health insurance marketplace, we can help. Just give us a call at 918-451-9783 or fill out our contact form and receive a free health insurance quote!

In addition to individual and group health insurance, we also provide life insurance, Medicare supplements, Native American Benefits, accident insurance, and retirement solutions.