{"id":6625,"date":"2019-04-15T01:28:19","date_gmt":"2019-04-15T05:28:19","guid":{"rendered":"https:\/\/peakinsuranceadvisors.com\/?p=6625"},"modified":"2019-04-29T05:43:00","modified_gmt":"2019-04-29T09:43:00","slug":"how-does-health-insurance-work-for-small-businesses","status":"publish","type":"post","link":"https:\/\/peakinsuranceadvisors.com\/how-does-health-insurance-work-for-small-businesses\/","title":{"rendered":"How Does Health Insurance Work for Small Businesses?"},"content":{"rendered":"
If you\u2019re considering a health insurance plan for your small business, there are some things that you\u2019ll need to know first. After all, it\u2019s important to have the most up to date information before you choose a plan. You should first check out if your group will qualify for the kind of group health insurance you want. Here are some of the most important items to consider when looking for Long Island small business health insurance and how this health insurance works for small businesses.<\/p>\n
When you buy small business health insurance<\/a>, you must have a group. In other words, a single individual can\u2019t sign up for this kind of plan. However, a small business can consist of as few as two eligible people to qualify for coverage. Your group must include at least one non owner\/non owner spouse employee to qualify.<\/p>\n In the context of a group health plan, in NY a small business is one that has from 1-100 employees. Sole proprietorships with only one employee (the owner and no other employees) aren\u2019t eligible for small group health insurance. If you have more than 100 employees you\u2019re now considered a large group. While small businesses aren\u2019t required to give their employees health insurance, many of them do to attract and retain quality employees.<\/a><\/p>\n Small group health insurance is generally more affordable simply because there are more people participating in it. As the number of employees in a group health insurance plan gets bigger, the cost of that group health insurance plan comes down.<\/p>\nWhat is Considered a \u201cSmall\u201d Business for Group Health Plans?<\/strong><\/h5>\n
Is Group Health Insurance More Affordable?<\/strong><\/h5>\n