1 / 8

How Does Small Business Health Insurance Work?

Small business owners should focus on coverage, the number of employees, employee premiums and shopping when looking for an insurance provider.<br>Letu2019s look at each of these in more detail.<br>

benefitadvisors
Download Presentation

How Does Small Business Health Insurance Work?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How Does Small Business Health Insurance Work?

  2. • There are 4 key elements you, as a small business owner, should remember of concerning small business health insurance: o Coverage is usually guaranteed issue o You need a minimum of one employee to qualify o You must contribute toward employee premiums o And you'll buy coverage at any time of the year Let’s check out each of those in additional detail: thebenefitadvisors.com

  3. Coverage • First and foremost, if you're eligible for small business health insurance plan, your coverage is usually bound to be issued by the insurance firm . • This suggests that you simply , your employees and your dependents can't be denied coverage supported pre-existing medical conditions, which all eligible employees and their dependents can enrol within the new plan no matter their medical condition(s). thebenefitadvisors.com

  4. Number of employees • To qualify for small business health insurance coverage, you want to have a minimum of one employee on your payroll. • However, some states allow you to count yourself as both the business owner and an employee. thebenefitadvisors.com

  5. Employee premiums • Third, you sometimes got to pay a minimum of one-half of the monthly insurance premiums for your employees. • The minimum percentage also can vary by state or insurance firm . • You may also prefer to contribute toward premiums for dependents. thebenefitadvisors.com

  6. Shop For Health Insurance Coverage • Finally, as small business owner, you'll buy health insurance coverage at any time of year. You don’t got to await a special open enrolment period. • Once you purchase an idea , your premiums are generally locked certain a year. • During the year, you'll add new employees and dependents to the plan or drop coverage for people that not work for you. • At the top of the year you'll typically renew your coverage or buy a replacement plan. thebenefitadvisors.com

  7. Contact Us Address: 1121 Pemberton Hill Rd, Apex, NC 27502 Phone: (919) 303-9690 Toll Free: (888) 303-9690 Fax: (919) 303-9691 ID: john@thebenefitadvisors.com Website : Thebenefitadvisors.com thebenefitadvisors.com

  8. (919) 303-9690 (888) 303-9690

More Related