Small Business Health Insurance

Written by Norene Anderson
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Small business health insurance is one of the most important decisions you can make when starting your own business. If you own a business with at least two and no more than 50 employees, you qualify as a small business. Many benefits are available for small business owners when it comes to health care for the employees. One benefit is the reduction in taxes.

Small business health insurance is usually a better investment for all employees than buying individual policies. The monthly premium is determined by the health of the individuals to be insured within the group. The individual costs are spread out among the group making the monthly premium lower. Some of the things considered include the age of the employees, general health status, type of occupation hazards, and the location of the business.

Small Business Health Insurance Is Important

If an insurance carrier offers small business health insurance to other small businesses in your state, they cannot refuse to offer you the same coverage. You cannot be singled out for denial of coverage. There may be rate increases due to defined illness or health issues within the group, but coverage must be offered. The employer is responsible for paying a portion of the cost; however, if an employee desires family coverage, the employer is not responsible for any portion of the extended coverage.

The best way to get a health insurance quote for a small business is to answer some general questions about the company and the employees. This will get the process started to narrow the field of prospective insurance carriers. Once you get down to actually comparing line for line coverage, you will be able to determine the best policy for the money. This may require health information from each of the employees desiring to be included in the plan.


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