 Group Health Insurance for Small Business Health Insurance can be one of the most important benefits a company can provide to its employees. In some cases, the only reason an individual stays with a company is to get health insurance coverage. Having even a minimal or basic plan can also help your company attract higher quality employees. Businesses with as few as two employees can provide health insurance to their employees. Here are a few key points to consider when considering small group health plans: Who is Eligible? - Usually employees working more than 30 hours per week can be eligible. Price- Premiums will vary depending on coverage and plan design. Who Pays?- A company can offer a number of options including partial payment of premiums or 100% payment of premiums. What you will need to provide to obtain coverage- You will need to provide your company name, address, employee information, and an application. It is important to get to know and understand the Federal HIPAA (Health Insurance Portability and Accountability Act). HIPAA has very specific requirements regarding your obligation to protect the privacy of employee's information. You will have many more options and companies from which to choose, if you use an independent agent to help you develop a health insurance program. Call me today. |