Small Business Insurance Plans

Small Business Insurance Plans-53
Decide if you are going to include ancillary insurance options like dental and vision to the policy.Step #3: Gather The Proper Documents To receive an accurate health insurance quote from an insurance broker, you’ll need to provide some numbers and documentation.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.

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.

Don’t let that discourage you from finding coverage, however.

There are many independent and family plans available when during open-enrollment periods.

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.

)Step #5: Compare Quotes Study the numbers and look at the plans.

Sometimes the cheapest plan may not be in your best interest as a small business owner.

You will need to have information on the following aspects of your business: Once you’ve decided to enroll in group health insurance, you will need to gather your company’s information and your employee information to start the process.

Here are the steps you’ll need to go through to fully enroll you and your employee with a group health insurance program: You want to choose a plan that offers good coverage to your employee, but that also fits within your business’s budget.


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