Group Health Insurance

Insurance For Your Business or Organization

How do you know if your company is eligible for Group Health insurance? If your company is a legitimate business entity and has at least two full time personnel (owners, partners, employees) it is most likely eligible for group health coverage.

If your business has fewer than 50 full time employees, you are not required to provide insurance coverage under The Affordable Care Act. But that doesn’t mean that you shouldn’t. In fact, Insurance Advantage has plenty of good reasons a small business should consider providing health coverage for its employees.

• By offering health benefits, an employer has more leverage to recruit and retain talented employees.

• With access to health care, employees are likely to take advantage of preventative care, such as regular checkups. Workers who take advantage of preventative care typically experience fewer illnesses and fewer missed days of work, which increases productivity.

• Employers with 25 or fewer employees who offer healthcare may quality for tax credits.

If your company has 50 or more employees the Affordable Care Act (Obamacare) mandates that you provide insurance as of January, 2016, or face a tax penalty. And because Group Health plans offer so many different levels of coverage and have different requirements, it is important to speak with someone at Insurance Advantage who understands the complexities of these policies.

Interested in ICHRA (Individual Coverage Health Reimbursement Arrangements)?

ICHRA provides an alternative to traditional health insurance benefits for your employees. It allows businesses to offer employees non-taxed reimbursements for qualified medical expenses – such as monthly health plan premiums, as well as out-of-pocket costs like copays and deductibles.

Businesses of all sizes can benefit from reviewing their insurance plans with us.

Call (803) 851-0049 to speak with our experts today.