{"id":7781,"date":"2021-10-20T10:44:03","date_gmt":"2021-10-20T14:44:03","guid":{"rendered":"https:\/\/peakinsuranceadvisors.com\/?p=7781"},"modified":"2021-10-20T10:48:06","modified_gmt":"2021-10-20T14:48:06","slug":"ny-small-group-health-insurance-2022-federal-open-enrollment-period","status":"publish","type":"post","link":"https:\/\/peakinsuranceadvisors.com\/ny-small-group-health-insurance-2022-federal-open-enrollment-period\/","title":{"rendered":"NY Small Group Health Insurance Federal Open Enrollment Period runs November 15 \u2013 December 15 for January 1 effective dates."},"content":{"rendered":"
If you are looking for NY small group health insurance, then you might be happy to hear that you can enroll during the yearly Federal Open Enrollment Period (FOE) for small businesses between November 15 and December 15 for January 1 effective dates.<\/p>\n
Normally, you need 60 – 75% of your employees to opt into a group health insurance plan, but during the FOE period that requirement is waived, and you can sign up even if only one person is insured.<\/p>\n
When you stay within the small business FOE window, you will not be required to meet the normal participation requirements for small groups. This means you can have a group of 20 employees with only 1 employee enrolling. This is good news for businesses that otherwise want to offer coverage to their employees but would otherwise not be eligible because of participation requirements.<\/p>\n
Small business health insurance can be a more affordable option for both employers and employees. According to the eHealth Small Business Health Insurance Report<\/em>, small business health plans have lower average costs per-person compared to individual market coverage:<\/p>\n Overall, the top reason cited by small business owners for offering health insurance to their employees was the strategic hiring and recruiting advantage provided by group health insurance coverage. These advantages include:<\/p>\n You will need to research plan options, provider lists, and carriers in advance of the FOE period. You can schedule a free phone or online zoom consultation<\/a><\/strong> with us so we can send you rates and options for all downstate NY carriers prior to or during the FOE period.<\/p>\n Then you will have to apply between Nov 15 and Dec 15 with the carrier you decide on. We submit your applications with the carrier and secure your FOE submission date.<\/p>\n One item to keep in mind is that the owner and\/or the owner\u2019s spouse can not be the only person to enroll in the plan, even during the FOE period. For more exceptions and explanations to this Owner Only enrollment issue, please check this article.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" NY Small Group Health Insurance 2022 Federal Open Enrollment Period runs November 15 \u2013 December 15 for January 1 effective dates. If you are looking for NY small group health insurance, then you might be happy to hear that you can enroll during the yearly Federal Open Enrollment Period (FOE) for small businesses between November […]<\/p>\n","protected":false},"author":5,"featured_media":7783,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[1816,1679],"tags":[3602,3603,363,1639],"class_list":["post-7781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health-insurance-for-small-businesses-in-ny","category-small-business-health-insurance-ny","tag-2022-federal-open-enrollment-period","tag-2022-foe-period","tag-ny-small-group-health-insurance","tag-small-business-health-insurance"],"yoast_head":"\n\n
Why should employers consider offering health insurance coverage to employees?<\/h3>\n
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\u00a0How to take advantage of the FOE period and enroll during this time?<\/h3>\n