What is the average cost of group health insurance?

The average annual premium for a group insurance plan normally ranges between $1,500 and $4,000 per employee. Typically, the premium payments are shared between employer and employees and optimized in order to minimize the tax impact for employees.

Can an LLC get group health insurance?

You usually cannot get small business health insurance or a group plan through your LLC if you have no employees, although you can still get individual health insurance as an LLC owner or member. However, sole proprietorships with one employee besides the business owner can usually qualify for group health coverage.

Do you pay for group insurance?

Group insurance is primarily paid for by the employer. However, oftentimes employees will also make contributions toward the policy. For example, each employee in a company may have a small percentage of his salary set aside to help pay the company’s monthly premiums.

Who is eligible for group insurance?

Who Is Eligible for Coverage? The general rule is that if an employer offers group health coverage to any full-time employees, the employer must offer coverage to all full-time employees. The employer has the option to offer coverage to part-time employees (defined as those working fewer than 30 hours per week).

How to get health insurance for a small business?

To get group health insurance for a small business (companies with 2 to 50 employees) select your state from the list below and explore plans tailored to your needs and group size. Find the right medical plans for your employees and your business, plus supplemental plans for dental, vision, disability and more.

Do you need small group health insurance for your employees?

We’re working every day to free your time, and your employees’ time —whether it’s providing easy online tools or 24/7 support, we eliminate the hassles that slow you down. Choosing small group health insurance for your employees is not an easy decision for any small business owner.

How big is a small business health plan?

That’s why we’ve built plans with the total person in mind. Our small business health plans offer whole person care with coverage options for medical, dental, vision, life and disability to groups that range from 2 to 50 employees, and 2 to 100 employees in Colorado.

How to protect the health of your business?

Protect the health of your business 1 Small Business Group Health. Most Americans get their health coverage through group health insurance plans. 2 Self-Employed. 3 When you’re required to offer health insurance to employees. 4 Insurance for your employees’ pets too.