A Quick Guide to Group Health Insurance

insurance in CT

Under the Affordable Care Act, small business owners may be required to provide their employees with health insurance. Many business owners choose to provide group health insurance in CT.

What Is Group Health Insurance?

Group health insurance is available for employees of a company and extends to their eligible family members, such as spouses and children. As the employer, you select the plans to offer your employee and split the premium cost with him or her. Your employee must contribute a minimum percentage rate to the premium.

What Should I Cover?

When you purchase group health insurance in CT, you will choose from a bronze, silver, gold or platinum plan. Most employers provide policies that cover doctor visits, emergency services, dental and vision. The plan you choose must also meet HIPAA, COBRA, IRS and ERISA guidelines.

How Do I Decide on a Plan?

In large part, deciding which type of plan to offer your employees depends on how many you have and how much money you have. If you only have one or two employees, you should consider offers the best one possible to boost morale and make them want to stay with your company for years. If you have more than 50 employees but are still a rather new company, you may want to stick to the minimum outlined by the ACA.

Regardless of which plan you choose, always work with a professional agent when purchasing insurance in CT. Doing so protects both you and your employees.