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Within the number of challenges that businesses face today, the employee benefits can be one of the most difficult areas to handle. The balance between providing quality benefits, retaining high quality employees and controlling expenses is one of the most important factors a business needs to master and control.A company group benefit insurance shares the financial risk of health related expenses among the group of employees. It's all done under one contract, where the company pays into a pool.When a employer has a Group Benefits Plan in place for their employees, any member of the group who becomes ill or requires services is financially compensated by the plan according to the terms laid out in the contract between the employer and the insurance company. The family members of the employees are also covered, as specified by the plan contract.The advantages of a Group Benefits Plan to Your Employees are as follows: