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Small Group Health Insurance Coverage
Small business health insurance plans are typically tailored for groups of fewer than fifty.
Employers with fewer than fifty full-time workers (or the equivalent in part-time workers) are not required to offer coverage to their employees under the ACA.
Many small business insurance policies cover groups of fewer than five or ten people. You may even be eligible for small business health coverage if your only employees in the past year were technically 1099 contractors.
Depending on the state, the insurance company, and the specific circumstances of your company, those 1099 contractors might count as employees for health insurance purposes.
With small business health insurance, the business is generally required to pay at least fifty percent of your employees’ monthly health insurance premiums. The exact percentage can vary by state or plan.
That said, it’s important to remember that the money you pay toward employee premiums is typically deductible from your business taxes. Check with your accountant or tax advisor if you can save money this way. Providing health insurance to your employees may also be a way to help with employee retention.
To learn more about your small group health insurance options,
Call Daphne Hennessey today.
(281) 217-7102
Have a question for the Insurance Guru?
I am not affiliated with a government agency. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area.
Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.