Group Health Insurance For Small Businesses
For a small business, one major concern to getting and keeping great employees is being able to offer a benefits package to those employees.
There are a large number of group insurance plans that are available on the market for all types of small businesses to consider. This type of coverage is available so many companies have the advantage of making sure their employees, as well as their families, are able to enjoy the benefits of being fully protected.
The classification that is used for a small group business, most generally involves businesses that have between 2 and 50 individuals working for the company.
Keep in mind, however, the amount of employees that are used to classify a company as being a small group, can be a little bit different depending on the state where you consider purchasing group insurance. You should check with the business regulation department in your state to see what businesses qualify under their ‘small business’ definition.
One factor that can be very beneficial to most businesses, and their employees, is that insurance companies cannot deny any particular business in receiving insurance for small group coverage, as long as that particular company meets the classifications that are set as being a small business.
Federal law has protected individual employees of companies, as well as protecting their families. The federal law states that no company can be denied in receiving small group health insurance based on having any specific employee with health issues. They also are not able to deny coverage because of various health problems or health related issues of a specific employee’s family members.