Does Your Company Qualify For Group Health Insurance?

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Does Your Company Qualify For Group Health
Insurance?
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• Group health insurance policies are seen to be
  growing in popularity across the country, and
  this may be because there are some serious
  advantages to these policies rather than
  individual ones. Not only are they often cheaper
  than individual coverage in many states, but
  small companys find them easier to manage. For
  example, there will be a monthly combined bill,
  uniform and regulated coverage for each employee
  along with many tax benefits. This ease of
  coverage is encouraging more and more small
  businesses to find out if they qualify for group
  health insurance

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• What does your small business need to qualify for
  group health insurance
• While every insurance company may have differing
  standards and requirements, these are generally
  found to be the main prerequisites for coverage
• It may sound obvious, but more than one employee
  must be registered on the plan
• While you can usually qualify with just two
  employees, they may not be direct family members

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• Sometimes, employers are required to contribute
  towards the cost of the plan, but this happens
  less and less frequently now
• Sole proprietors, LLC, Partnerships,
  S-Corporations and more, are eligible for group
  health insurance
• You and your business, must meet the minimum
  participation percentage specified by the insurer
  
• Since this last point can be a little
  complicated, well look at it in more detail
• Enrolment in the health plan by at least 75 of
  full time employees within your company, is
  required by most insurers, but this is not always
  as straightforward

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• as it may seem. For example if you have some
  employees with coverage through their spouses,
  then they will already count towards your quota
  of 75, but if some employeesonly work part time,
  then this can change things as only full-time
  workers count as eligible employees.While in
  general, its the employer who determines what
  hours make up full-time ones, the minimum hourly
  requirement is generally considered to be at
  least 25 hours a week, and the maximum is usually
  40. Most insurance companies also permit you to
  offer your staff a choice from at least 2 plans,
  giving those who may not be able to afford one
  plan, the option of paying into a more affordable
  one.

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• Why should your company choose group health
  insurance?
• Many more businesses nowadays are turning to
  group health insurance plans, particularly as the
  individual insurance market seems to be getting
  progressively worse. Such group plans can end up
  saving you money and help you to attract and
  retain, a higher standard of employees.
• There are many reputable companies offering great
  coverage at reasonable prices, and they will
  usually work closely with you to ensure that you
  are able to give your valued employees the best
  group health insurance plans, at the very best
  prices.

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• As the individual insurance market in PA seems to
  get worse every year, more and more small
  businesses are turning to group health insurance
  coverage. Doing so can save you money and help
  you retain high quality employees.
• Apollo Payroll is one of the premier small
  business payroll services companies in Miami and
  Coral Gables. Apollo Payroll is dedicated to
  delivering expert advice, responsive service, and
  highly accurate payroll processing and reporting
  to ensure the success and growth of the business
  that we serve. Our services include comprehensive
  payroll services in Miami Gardens and other
  cities in Miami-Dade County, employee background
  check and group health insurance in Coral Gables
  Miami.