Group Health Insurance for Small Business
A small business employer is one that employed ( on average during the prior calendar year ) 1–50 full-time employees. Sole proprietors, partners, and owners of a corporation are generally not considered an employee even if the owner performs services for the business for compensation. However, an owner may participate in a group plan as long as the group employs at least one common law employee that is enrolled in the plan (W-2 employee) , and offers the group health plan to all full time employees.
We represent several insurance carriers in the small group market. A group health insurance plan for a small business has many advantages over an individual and family insurance plan. It can be used as a business taxable expense and generally have bigger provider networks and are richer in plan benefits. Employees look for companies that offer group health insurance coverage. It also encourages employee retention and recruitment.
When it’s time for you to provide health benefits for your small business, we will do the shopping for you to see who has the best price and plan to fit your company’s specific small group health insurance needs. We make the process simple.
Contact us today.