What Do I Need To Know About Group Health Insurance For Small Businesses?

As an employer looking to provide your workers with insurance via small business health plans, there are a couple things to consider. According to the Affordable Care Act (ACA), businesses with less than 50 employees (full time, of course) aren’t required to provide health insurance. However, insurance is one benefit that employees truly value. Providing a variety of plans ensures that employees are happy with their benefits, helping to give you a better retention rate as well as a positive point to reveal to new recruits. Plus, it will generate an air of positivity in the workplace, which is likely to increase your team’s productivity.


Group health insurance for small business can get complicated so it’s best to find someone to consult who can help you make the best choices for your company. In addition to helping you choose the right coverage, they can also help you determine which plan makes the most sense financially. Small business owners can often receive tax credits for providing coverage to employees. While this typically occurs in businesses with a limited number of workers, it can be really beneficial to the employer so you want to be sure you have a reputable source to confer with.


Even if you choose not to offer small business health plans, it’s imperative to inform your employees of the health insurance obligation. While you don’t need to provide in-depth information, let them know that they can find either private or public coverage through the marketplace.


How do you find an agent to help me with small business health plans?

Serra Benefits has professionals on hand that can easily help you find the ideal plan for your small business. Because we are certified to sell in Covered California’s Small Business Health Options Program (SHOP) we are able to provide businesses with a variety of plans. To get started, give us a call at 760-439-9700 or email John Young.