Health Insurance
Health Insurance
Health insurance is a basic financial protection measure that is absolutely necessary to minimize the burden of medical expenses due to illness, injury, accident, etc., and to protect the health of your family and yourself. Unpredictable medical expenses can sometimes have a serious impact on your household budget.
Health insurance protects against the risk of high medical expenses and reduces the financial burden when using various medical services such as hospital visits, surgeries, prescriptions, and emergency room treatment.
The best investment to protect yourself and your family is health insurance.
Why you need health insurance
- Avoid financial ruin due to unexpected medical expenses (hospitalization, surgery, and emergency room treatment can cost thousands or tens of thousands of dollars)
- Early detection of disease through regular checkups and vaccinations
- Support for management costs of chronic diseases (diabetes, high blood pressure, etc.)
- Includes a variety of benefits including maternity, mental health, and physical therapy
- Insurance premium assistance available through government assistance programs (Obamacare)
Benefits of Health Insurance
- Alleviate the burden of accident and disease treatment costs
- Preventive health services available
- Preventing bankruptcy due to high medical bills
- Covers hospitalization, surgery, emergency room, and prescription drugs
- Individual and family plans available
- Subsidies may apply depending on income level
Health is the beginning of all wealth. Let's find the best insurance for your health together.
Frequently Asked Questions (FAQ)
Do I need health insurance to go to the hospital?
No, but if you seek medical treatment without insurance, you could end up with a bill that could cost you thousands or even tens of thousands of dollars.
What benefits will I receive under Obamacare?
Depending on your income, you may be eligible for a discount on your monthly insurance premium (tax deduction) and support for your out-of-pocket expenses.
Are there any disadvantages to signing up for health insurance if you live without it?
There is currently no penalty, but illnesses or injuries that occur during a gap in coverage may result in limitations on coverage even after you sign up.
Group Health Insurance
JYL Financial Group provides group health insurance solutions for companies of all sizes. We work with you to design the optimal plan to improve the health and well-being of your employees and enhance your company’s competitiveness.
Key Benefits of Group Health Insurance
- Improve Employee Well-being: Providing health insurance helps increase employee satisfaction and retention.
- Tax benefits: Businesses can deduct a portion of their insurance premiums as a tax deduction.
- Cost-effective: Provides broader coverage at a lower cost than private insurance.
- Customized Plan Design: We offer a variety of plan options to fit your business size and needs.
Customized plans based on business size
Depending on the size and operation type of the company, the required coverage and insurance structure will vary greatly. JYL Financial Group will design an optimized health insurance plan that suits the growth stage of the company by considering the number of employees, industry, budget, and welfare strategy.
- Small Business: Flexible plan options for businesses with 1 to 100 employees.
- Mid-to-large businesses: Scalable plans for 100 employees, plus additional benefits.
Group Health Insurance
Frequently Asked Questions (FAQ)
How many people can sign up for group health insurance?
Small businesses with one or more employees are generally eligible for group health insurance. Some insurance companies may require a minimum of two W-2 employees, so you will need to consult with your business structure for a customized plan.
What are the benefits of offering group health insurance?
It helps increase employee satisfaction and loyalty, and attract top talent. In addition, employers can deduct insurance premiums from their taxes, resulting in substantial cost savings.
Does the employer have to pay the full amount of the insurance premium?
No. The employer only has to pay a portion of the total premium, and the employee can contribute the rest. It is common for the employer to pay at least 50% of the premium.
Can part-time employees be included in group insurance?
It varies by insurance company and plan, but is generally available to employees who work more than a certain number of hours per week (e.g., 30 hours or more). Detailed eligibility requirements can be confirmed through consultation.
What criteria should I use to choose an insurance company?
There are many factors to consider, including premiums, coverage, network hospitals and clinics, pharmacy coverage, and customer service. JYL will help you compare and find the best plan for your situation.
Can I join even if my business is small?
Yes, even small businesses with 1 to 5 employees can easily enroll. There are low-cost plans specifically designed for small groups, and in some states, sole proprietors can also enroll in group plans under certain conditions.
What happens to insurance if an employee leaves the company mid-term?
When an employee leaves the company, they can maintain coverage for a certain period of time through COBRA or state extended benefits. Employers are responsible for clearly informing the public about this, and JYL will help guide and document the entire process.
JYL Insurance Services
Life Insurance
Life Insurance is a strong financial safety net that protects your family's future even in unexpected situations.
Annuity
Annuity eliminates the uncertainty of retirement and guarantees a stable monthly income.
Disability Income Insurance
Disability Income Insurance Protects your income if you are unable to work due to an unexpected illness or accident.
Long Term Care
Long Term Care We reduce the burden of nursing care costs in old age and help you live a dignified life.
Email consultation service information
If you have any questions or would like to receive a quote, please fill out the form below. JYL Insurance will always think of your safety! Thank you!
English/Korean consultation available (ENGLISH / KOREAN AVAILABLE)
Email: jylfinancialgroup@gmail.com
Phone consultation: 770-369-6946
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