How Does Small Business Health Insurance Work?

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How Does Small Business Health Insurance Work?
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• There are 4 key elements you, as a small business
  owner, should remember of concerning small
  business health insurance
• Coverage is usually guaranteed issue
• You need a minimum of one employee to qualify
• You must contribute toward employee premiums
• And you'll buy coverage at any time of the year
• Lets check out each of those in
  additional detail

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Coverage

• First and foremost, if you're eligible
  for small business health insurance plan, your
  coverage is usually bound to be issued by
  the insurance firm . 
• This suggests that you simply , your employees
  and your dependents can't be denied
  coverage supported pre-existing medical
  conditions, which all eligible employees and
  their dependents can enrol within the new plan no
  matter their medical condition(s).

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Number of employees

• To qualify for small business health insurance
  coverage, you want to have a minimum of one
  employee on your payroll.
• However, some states allow you to count yourself
  as both the business owner and an employee.

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Employee premiums

• Third, you sometimes got to pay a minimum
  of one-half of the monthly insurance premiums for
  your employees.
• The minimum percentage also can vary by state
  or insurance firm .
• You may also prefer to contribute toward premiums
  for dependents.

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Shop For Health Insurance Coverage

• Finally, as small business owner, you'll buy
  health insurance coverage at any time of year.
  You dont got to await a special open enrolment
  period.
• Once you purchase an idea , your premiums are
  generally locked certain a year.
• During the year, you'll add new employees and
  dependents to the plan or drop coverage
  for people that not work for you.
• At the top of the year you'll typically renew
  your coverage or buy a replacement plan.

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Contact Us
Address 1121 Pemberton Hill Rd, Apex, NC
27502 Phone [phone] Toll Free (888)
303-9690 Fax [phone] ID
john_at_thebenefitadvisors.com Website
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