All companies begin with new hires. As a company grows or replaces its employees, additional new hires are brought in to fill the void.

In addition, an employer may have part time or temporary employees that do not qualify for group coverage.

However, most group health insurance plans do not offer part time, temporary or new employees health insurance coverage.

That’s where Term Medical Insurance comes into play.

While technically an employer cannot pay for the coverage, they can deduct the premiums from their employees’ paychecks as a convenience. In essence, even though there are multiple insureds, the employer only has one bill to pay. This is called a list bill and is a tremendous convenience to both Employers and Employees.

Why offer Term Medical Insurance to your employees?

Many companies see it as a value added proposition to attract talent. As an example, group coverage may not start for 90 days, but an employer can provide its employees with a Term Medical Insurance plan that protects them while they wait to get coverage on the Company’s permanent Group Health Insurance Plan.