When Health Insurance Started. The process of opening up the health insurance sector was initiated by private insurance companies against the background of economic reform process in 1991. The first modern group health insurance plan was formed in 1929.
In 1943, the internal revenue service changes how it treated health insurance benefits from employers. Insurance companies only reimburse for psychotherapy when you have been assigned at least one reimbursable mental health diagnosis. Great company health insurance can act as a retention tool for your employees, attract more talent to your workforce, and ensure that employees are staying healthier and able to do their best at work.