Is Small Business Eligible For Group Health Insurance? - PowerPoint PPT Presentation
Title:
Is Small Business Eligible For Group Health Insurance?
Description:
Under the current laws, employers must pay a portion of their employees’ monthly premiums—generally, at least 50 percent. Many employers will pay more than 50 percent, and may even choose to cover the full amount of the premium. Broadly speaking, employers are not required to cover the monthly premiums of employees’ dependents, although rules vary from state-to-state on this. To know more visit here – PowerPoint PPT presentation
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Title: Is Small Business Eligible For Group Health Insurance?
1
Is Small Business Eligible For Group Health
Insurance?
Well, for one thing, a recent report discover
that small group health insurance is far more
affordable on a per-person basis than individual
plans. Group health plans tend to be more
insulated from dividend boosts than other kinds
of plans in the insurance marketplace, with
expenses rising much more slowly than for
individual plans. For businesses with more than
50 full-time-equivalent employees, you are
required to provide group coverage or face a
penalty. Helped with new employee recruitment
Increased loyalty and decreased turnover Reduced
absenteeism and increased productivity
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