Health and benefit have been constantly changing and developing. All risk managers are looking for innovated and advanced health and benefits solutions for different business owners every year. It’s overwhelming for many businesses owners. In 2019, each employee health and benefit cost are nearly at $15,000.

What are group health insurance and employee benefit plan?

For employers, when we talk about health insurance it’s more related to Group health. Group health insurance is policy-holder, various social groups to its employees as the insured (including group of retired workers), when the insured due to disease or delivery was in the hospital, the underwriter is responsible for the treatment of the hospitalization expenses, hospitalization expenses, nursing expenses, and when the insured due to disease or disabling delivery, by the underwriter is in charge of a group insurance payment disability insurance.

Employee benefit plan is a general concept, which generally refers to the comprehensive plan of non-wage income welfare provided by the enterprise for employees. From the perspective of modern human resource management, employee benefit plan refers to the package of non-wage income welfare provided by enterprises for employees. The project content can be selected and implemented by each enterprise according to its own actual situation