What employers need to know about the new Association Health Plan regulations

Posted by Emily Kubis on Wed, Jul 18, 2018 @ 10:07

New regulations create more options for employers

The U.S. Department of Labor announced on Tuesday it plans to allow small businesses to join together and offer association health plans.

The plans would not have to adhere to some of the stricter standards required under the Affordable Care Act. This could result in cheaper insurance options for small businesses and their employees, though some consumer groups warn some patients may lose access to care.

Here’s what employers need to know.

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Tags: group benefits, group plan, offer health insurance, broker, small group market

How many employees do you need for a group plan?

Posted by Emily Kubis on Wed, Jul 11, 2018 @ 11:07

Planning to offer group benefits?

Are you a small business owner considering your options for group health insurance coverage? While employers with fewer than 50 full-time employees are not required to offer health insurance to employees, many still choose to do so. Offering group coverage is a great way to improve recruitment and retention, and can sometime be the best option for very small groups, as opposed to having employees obtain individual coverage.

But how many employees do you need to be considered a group?

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Tags: group benefits, group plan, offer health insurance, broker, small group market

How much does a group health plan cost?

Posted by Emily Kubis on Mon, Jul 09, 2018 @ 09:07

Planning to offer group benefits

While businesses with fewer than 50 full-time employees are not required to offer a group health plan to employees, many organizations still choose to do so. Offering a medical plan benefit is a great way to improve recruitment and retention and can sometimes be the best coverage option for employees. But how much does a group health plan cost, especially for small businesses?

Health plan costs vary pretty substantially depending on the type of plans offered, the region in which your business operates, and the demographic makeup of your employees.

That said, on average, annual premiums for single coverage for small businesses total $6,163 and annual premiums for family coverage total $16,625, according to the Kaiser Family Foundation.

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Tags: group benefits, group plan, offer health insurance, broker, small group market

How do I find a group benefits broker?

Posted by Emily Kubis on Wed, Jun 27, 2018 @ 06:06

Planning to offer group benefits?

If you are planning to offer group benefits to your organization, the first step is to evaluate and select a group benefits broker to help design and implement a cost-effective, valuable benefits strategy.

But what do group benefits brokers actually do, and how do you find one?

There are many different strategies for providing health, dental, vision, and other ancillary benefits to your employees. There are multiple funding methods, types of coverage, and numerous ways to structure these plans. Group benefits brokers are experienced in the spectrum these strategies, and work with employers to develop the best strategy for the business and their employees.

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Tags: group benefits, group plan, offer health insurance, broker, small group market

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employer healthcare freedom
employer healthcare freedom