Group Health Insurance for Small Businesses

"Building a successful business is hard work. Finding the affordable, quality health insurance you need doesn’t have to be. Whether you’re self-employed and working out of your garage or the owner of a small business with multiple employees, you face special challenges when it comes to finding and getting health coverage. 2010 health reform legislation provides you with special opportunities too. The purpose of this buyer’s guide is to help answer your questions, assess your needs, and provide you with the right tools to find the best health insurance solution for you.

​Whether you’ve got two employees or 25, you know that employer-sponsored health insurance is one of the benefits workers value most. Offering a group health insurance plan can help you hire and retain the best workers as well as provide valuable protection for yourself and your family. And as a result of health reform, there are special tax incentives available from 2010-2013 for small businesses that provide group health insurance for their employees".

Source: https://www.ehealthinsurance.com/small-business-health-insurance/resources/buyers-guide.pdf 

Highlights from the site based on a small business(es) in South Florida:

- Deductible 2 - 5 employees = $500 to $10,000
- Deductible 5 - 10 employees = $500 to $10,000
- Deductible 10 - 15 employees = $500 to $10,000
- Deductible 15 - 25 employees = $1,000 to $10,000

- Cost per employee 2 - 5 employees = $300 to $700
- Cost per employee 5 - 10 employees = $300 to $700
- Cost per employee 10 - 15 employees = $300 to $700
- Cost per employee 15 - 25 employees = $300 to $700

- Monthly Cost 2 - 5 employees = $1,000 to $6,000
- Monthly Cost 5 - 10 employees = $2,000 to $6,000
- Monthly Cost 10 - 15 employees = $4,000 to $15,000
- Monthly Cost 15 - 25 employees = $7,000 to $15,000

- Office Visit Cost 2 - 5 employees = under $10 to $50 copay or 20% to 40% coinsurance
- Office Visit Cost 5 - 10 employees = under $10 to $50 copay or 20% to 40% coinsurance
- Office Visit Cost 10 - 15 employees = $20 to $50 copay or 20% to 40% coinsurance
- Office Visit Cost 15 - 25 employees = $20 to $50 copay or 20% to 40% coinsurance

- Plan Types for group small business insurance are HMO or POS