Managing Group Health Insurance For Your Growing Business
Managing health insurance for a business can be complex. When it comes to offering healthcare coverage, you will quickly find that not all health insurance plans work the same way. FleurINS offers group health insurance for businesses of all sizes, from small, mid-size business to large enterprise.
If you do offer group health insurance to your employees, you have to follow the rules. To start, if you do offer a group health insurance plan to your full-time employees, you must offer it to every single one of them.
You can not pick and choose who gets coverage and who does not and you cannot deny coverage to employees with preexisting conditions. You can also choose to offer coverage to part-time employees as well. Keep in mind that your employees have the option to extend their benefits to their families as well.
Employer responsibilities include:
Financial responsibilities attached to offering health care coverage
Covering Essential Health Benefits in the group health insurance plan
Offering health insurance to new employees within 90 days of their start date
Providing employees with a Summary of Benefits and Coverage
Small business employers may receive tax credits when they provide coverage, as follows: Employers with 25 or fewer employees with average annual wages of less than $50,000, may be eligible for a special tax credit of up to 50% of the amount the employer contributes (at least 50%) toward employee insurance premiums.
For a free consultation to determine if you should start a group health plan, schedule a 20-minute no cost phone consultation.