How do I offer my employees health insurance?

If you own a small business, you know what a headache it can be to sort through insurance documents while also juggling work permits, business licenses, and the huge stacks of paperwork associated with running your business. The good news is that making employee-health-insurance available to your employees doesn’t have to be a hassle. Here’s what you need to know.

Are you required to purchase insurance for your employess in Arvada, CO?

Small businesses rejoice! According to HealthCare.gov, if you employ fewer than 50 people full-time, you’re not required to purchase health insurance for your workers. You are never required to purchase health insurance for part-time employees, which generally means anyone who works less than 40 hours each week.

What are my options for employee health insurance coverage?

When you’re shopping for health insurance coverage for those who work for your company, you’ll want to research group insurance policies. Small businesses employing fewer than 50 full-time workers are eligible for SHOP (Small Business Health Options Program), which helps small business find affordable group insurance policies.

If you employ fewer than 25 full-time workers, you could be eligible for significant tax credits through the SHOP program. This program also guarantees that you can’t be turned down–and rates can’t be raised–because your employees have pre-existing conditions, or because they’re women.

How can I know if I’m getting the best deal?

Many insurance companies offer group insurance policies. When you’re starting to research your options, contact a local independent insurance agent in the Arvada area and tell them what your budget is and what you’re looking for.

Local agents are one of your most powerful resources during the insurance search; they can evaluate your business’s specific needs and suggest a policy that provides just the coverage you need that fits into your budget.