How many employees can I cover with small group insurance for my business?
Typically, two to 49 employees can be covered in a small group. A large group would cover 50 to unlimited employees.
Many small business owners choose to offer their employees a comprehensive benefits package that includes health insurance coverage.
When companies offer health insurance benefits, these business owners find that their employees have less stress overall. Employees are relieved to know that their company cares about their health and well-being, as well as their families.
Your employees will stay loyal to your company when you offer a small group health insurance plan.
According to the Robert Wood Johnson Foundation, 55% of Americans receive health insurance through their employers, who pay nearly three-quarters of these health insurance premiums.
Healthy Employees are Productive Employees
Poor employee health leads to lost employee time. 45 million avoidable sick days could be avoided every year. That’s the equivalent of the working population of Salt Lake City calling in sick every day for a full year.
Lost revenue per employee every year is estimated to be $1,900 to $2,250.
Many times, the money a small business owner pays toward their employees’ monthly health insurance premiums is tax deductible.
Employers can also improve their employee’s health by sponsoring wellness programs and promoting quality reports on doctors and hospitals.
Options with Association Health Plans
Association health plans are also an option for small business owners.
These plans are designed to allow small businesses and self-employed individuals to join together and purchase health coverage as part of association.
These association health plans can also reduce co-pays/premiums and help employees avoid unnecessary care.
Small business owners can access better association health plans through Advantage Insurance Advisors.
Not all Association Health Plans offer comprehensive health coverage. You need to ask questions about the specific health benefits that these plans cover.
Take some time to discuss your health insurance coverage options by phone or schedule a webinar with a licensed insurance expert. Review the exact benefits available so you can ask questions.
Call 281.979.5441 or contact us via email to setup a day/time that’s convenient for you to discuss your current health insurance coverage for your employees!
It may be the most informative 2-3 minutes of your life.