Small business plans can be a group health plan covering (usually) 2 or more full time employees or the business can provide individual major medical coverage.
Group health insurance plans are usually more expensive than individual plans. For essentially the same coverage, it is not unusual for group health plan premiums to be 2x (or more) the rate for an individual major medical policy.
Currently group health insurance plans are implemented when there are a number of employees to be covered and some of them have medical conditions that are impossible to insure in the individual market.
Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Group health insurance quotes are based on the size of your business, the industry’s SIC code, age of employees, and average employee health (except in Maryland, which requires no medical underwriting).
There are no instant online quotes for group health insurance for these reasons. To get a quote for group coverage, you'll need to contact a health insurance agent - working with an independent one will allow you to shop for quotes from multiple companies in one place.
I hope the information is helpful - please feel free to contact me for help with your health insurance needs and if you have any other questions. Thanks very much.
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Group health insurance plans are usually more expensive than individual plans. For essentially the same coverage, it is not unusual for group health plan premiums to be 2x (or more) the rate for an individual major medical policy.
Currently group health insurance plans are implemented when there are a number of employees to be covered and some of them have medical conditions that are impossible to insure in the individual market.
Group health insurance quotes are based on the size of your business, the industry’s SIC code, age of employees, and average employee health (except in Maryland, which requires no medical underwriting).
There are no instant online quotes for group health insurance for these reasons. To get a quote for group coverage, you'll need to contact a health insurance agent - working with an independent one will allow you to shop for quotes from multiple companies in one place.
I hope the information is helpful - please feel free to contact me for help with your health insurance needs and if you have any other questions. Thanks very much.