Affordable Small Business Health Insurance

Written by Norene Anderson
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Affordable small business health insurance can benefit the employer and the employees. For a company that employs at least two, but no more than fifty people, the option to choose a group plan incurs savings on personal health care costs, increases tax deductions, and contributes to more job satisfaction for employees.

The basic policy for affordable small business health insurance plans is a platform that is the same for all employees. Each employee may have the option to add riders or extra coverage to personalize the plan for specific needs. The rate is determined by the group and the individuals within the group.

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The type of insurance includes HMO, PPO, POS, and fee-for-service policies. Everyone must use the same insurance even if there are variations in coverage. Some of the factors that determine the group rate include the age, health, occupational hazard, and type of business of the employees. Insurance companies cannot refuse to sell small group health insurance to any one company if they offer other small groups coverage. Each state has laws governing the enforcement of this and other policies.

Each state and insurer has policies determining how much the employer is required to pay for the employee benefit. Some require 25 percent while other states or insurers require as much as 50 percent. The option to pay the employee's spouse or family coverage is up to the employer. Affordable small business health insurance is possible. Online quotes are available with just a few clicks of the mouse and a little information.

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