Small business is generally defined as fewer than 50 full time employees. That is also the definition used by Obamacare.
Small business owners are generally required to pay at least 50% of the employee premium. Small businesses are also required to have at least 70% of eligible employees covered under the group health plan.
If the small business fails to meet participation standards, the business owner will need to increase their contribution to the cost of coverage to increase participation.
Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Group health insurance quotes are based on the size of your business, the industry’s SIC code, age of employees, and average employee health (except in Maryland, which requires no medical underwriting).
There are no instant online quotes for group health insurance for these reasons. To get a quote for group coverage, you'll need to contact a health insurance agent - working with an independent one will allow you to shop for quotes from multiple companies in one place.
I hope the information is helpful - please feel free to contact me for help with your health insurance needs and if you have any other questions. Thanks very much.
.JPG){kind=avatar}
Small business owners are generally required to pay at least 50% of the employee premium. Small businesses are also required to have at least 70% of eligible employees covered under the group health plan.
If the small business fails to meet participation standards, the business owner will need to increase their contribution to the cost of coverage to increase participation.
There are no instant online quotes for group health insurance for these reasons. To get a quote for group coverage, you'll need to contact a health insurance agent - working with an independent one will allow you to shop for quotes from multiple companies in one place.
I hope the information is helpful - please feel free to contact me for help with your health insurance needs and if you have any other questions. Thanks very much.