Group Health Insurance Plans for Businesses

Providing your employees with a good cost effective group health insurance plan can help you and your employees stay healthy. We can help you obtain affordable group health insurance and selecting the right health plan for your business.  We take into consideration the location of your business, what carriers are available near your business, the doctor networks from the different carriers options and rates available in your area. 

Self-Employed or Groups 2-50, we can help. Plans can start at any time of the year.

How much does it cost for a group health insurance plan?

Each and every small business is going to have a different price. There are many factors taken into account for the price.

• Location of the Business
• The type of business industry 
• The carrier you choose
• The age of your employees
• Whether or not you will cover dependents
• The health plans you choose to offer
• The amount you as the employer will contribute as a benefit to the employee

The health insurance company has different premiums for different regions in the state. The best way to find out what a group health insurance plan will cost your company is to get a quote.

Low-Cost Group Health Insurance, use Individual Health Insurance with a List Bill

Individual health insurance is generally much cheaper than group health insurance. Using a single list bill for all of your employees, the healthy and part time workers can take advantage of the low rates. Essentially, everyone will have his or her own plan but there will be a single invoice for all plans that can be paid by the business.

Group Health Insurance with a Health Reimbursement Arrangement (HRA)

With an HRA you put money into a spending account for the employee. They use this money to pay for medical expenses. This is entirely employer funded and the unspent money is carried over and not lost. The funds belong to the employer and not the employee.

The HRA is authorized under section 105 of the Internal Revenue Code. The plan is usually set up to reimburse for medical expenses associated with a health plan like doctors visits, prescriptions, etc. The plan can be designed to reimburse for other expenses such as vision tests, dental, orthodontics, and much more. There are many advantages to the employer.

First, you decide what you want to cover and how much you will pay out.

Second, you are not pre-funding an account where unused money goes to the employee.

Third, you can use a higher deductible health insurance plan. The savings in premium is generally much greater than any assistance you provide the employee in the HRA.

Finally, the employee will feel secure with the higher deductible plan knowing that there is some assistance for routine medical expenses.

We can save you money on your group health insurance.

Eligible Employees that can be covered on a Group Health Insurance Plan.

Full Time Employees qualify; the employee must be working at least 30 hours a week on a permanent basis. The full time employee must be paid by the employer (W-2 or 1099).

Owners, Corporate officers, Sole Proprietors, Partners are eligible for coverage on the group health insurance plan, corporate officers, sole proprietors, and partners must put in at least 20 hours of work per week.

Eligible Family members - Dependents

Eligible dependents have one of the following associations with the eligible employee:

·         Husband, Wife, (lawful)
Domestic partner (must be verified)

• Child under the age of 19 and unmarried (natural or legally adopted) of the employee or the employee’s enrolled spouse
• Children who are full time students and qualify as a dependent for Federal Income Tax (unmarried).

A husband and wife that both work at the same company can both be covered as employees.

Employees who do not to participate in the group health insurance plan must waive (decline) coverage by completing the appropriate section on the Employee Application when becoming eligible for the group health insurance

Employees not entitled to participate in the group health insurance plan include:

·         Seasonal employees

·         Part Time or Temporary