Small Business Insurance Plans

Insurance companies have a specific definition of an employee.If you are looking into acquiring group health insurance for you and an employee, first you’ll have to prove that you actually have a single employee while you are filling out applications.Decide if you are going to include ancillary insurance options like dental and vision to the policy.

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SHOP will walk you through the process of determining eligibility, sending you to your state’s group health plan, or helping you compare and shop available plans in your area.

After that, you can sign-up directly through the insurance platforms offered in your state or work with a SHOP broker who can walk you through the process.

Providing health care is not only a choice but also a wise investment in the happiness and well being of your employees, and the government offers tax credits to businesses with fewer than 25 full-time employees who supply health coverage. If your business consists of just you and one other person, you can offer health coverage in several ways.

Can you provide health insurance for your small business if you only have one other employee? However, before you start shopping for plans, it’s important to understand what types of plans will be available to you and what you’ll need to show and prove to start the process.

So, what exactly does the Affordable Care Act mandate?

If your business is considered an Applicable Large Employer (ALE) with 50 or more full-time employees for more than six months out of the year, then you will need to provide your employees with health insurance as a legal requirement of the ACA.If your business is not an ALE, then supplying health care for your employees is a choice.So as a small business owner with only one employee, you are provide it doesn’t mean you should overlook health insurance as an option.Examine how much you can buy and how the plans work for your employees.Don’t be afraid to ask questions, push for numbers, and run scenarios with the experts.If you have one employee as defined above (a person whose workload you control, who puts in at least 30 hours, and who is not your spouse), then you absolutely can enroll in group health insurance with one employee.If you have between 1-50 employees, the government’s Small Business Health Options Program (SHOP) group health plans are available to you.Many of those people were sole-proprietors, independent contractors, and small business owners.Better known as “Obamacare,” the health mandate extended to employers and required businesses of a certain size to provide health insurance.Even though you are not legally required to purchase health insurance for a single employee by law, there are still great reasons to offer health benefits. Small business health insurance is medical coverage that helps you pay for general medical care, routine physicals and health exams, surgeries, and medical emergencies.In addition to attracting quality applicants for your position, your business also runs better when your employee is happy and healthy. Here is a quick rundown on procuring health insurance for both yourself and your employee. Each health insurance plan is a unique combination of options that run the gamut between deductibles and no deductibles, copays or no copays, and choices about medical providers. But it’s not legally required if you only have one employee.

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