Small Business Health Insurance Coverage
Although it is not a rule, many small businesses
offer their employees the option of joining a small business health
insurance plan. Small businesses are usually defined as having
between 2 and 50 employees. Though the pay rate is not usually
high for most small businesses (especially non-profit organizations),
an incentive in the form of health care coverage is often part
of the hiring package.
There a handful of network provider plans that are
the usual choices of small business health care. These include
HMOs, PPOs, POSs, and the new Health Savings Accounts. Get to
know these terms before you begin and you will have a much easier
time discerning the right plan for you.
Request
more information >>
Sometimes it is advisable for complementary small
businesses to join forces and buy small business group health
insurance together. Many such ‘pools’ or alliances
exist, some are even statewide organizations. The best place to
check out these options is through the Chamber of Commerce or
small business health insurance commissioner for your state.
You have choices to consider with small business
health insurance:
- High or low deductible
- High or low monthly premium payments
- Options like dental, vision, pharmacy, and alternative
therapies
- Maximum limit per claim and lifetime maximum limit
- If you go through a group plan, you will choose between
an HMO, PPO, POS, and HSA
Keep your personal information handy when you are
ready to apply for small business health insurance:
- Business zip code
- Number of employees who will enroll, their names, zip codes, birth dates, and number of dependents
- Date company founded
- Date for coverage to start
Get
more information about health insurance >>
Learn more about Small Group plans >>
