Small Business
Health Insurance

Track your health insurance

policy quotes for small

business needs

Umbrella Policies

Small business group policies help cover employees and dependents in the case of the unexpected.

Comparing Costs

Employees can compare their private health insurance versus the companies group policy.

Coverage Options

Some employees may have health issues that prevent them from company policies.

Follow the areas owners are concerned with small business company insurance proposals

The summary of benefits and coverage for a small business can be found under the patient protection and affordable care act. The guidelines for a health insurance proposal or criteria is set out for any small business with at least 50 full-time equivalent workers.

Typically, when shopping for health insurance policy is the act mandates that all information within the proposal received to be consistent and concise on what the health insurance plan offers.

Small business employees will usually compare overages

You can read a summary of benefits and coverage that follows federal government guidelines is distributed to the participants and their beneficiaries of the small business employees.

Owners may have in writing a proposed health insurance plan that may apply to all individual and group plans, but be aware that exceptions to apply, including retiree plans, Medicare, Medicaid plans, and some with fewer than two participants given there are no state requirements.

Check your coverage examples with the PPACA for guidelines

Various coverage examples are given to help assess the employee or participants when comparing other private plans to the company health insurance proposal. There is a standardize comparison tool that is available in the PPACA and much like a nutrition label on a food package this comparison tool will have important information and a list-type format.

Helping your employee understand health insurance "jargon" for clarity

The health insurance jargon can be difficult to understand for consumers and therefore a proposal should include a comprehensive glossary of terms when preparing the health insurance plan for the company.

This glossary of terms should be available on request for participants and should include words such as “preventative care“ “coinsurance” “deductible” and “non-participating provider“ and typically these can be found at the department of health and human services website.

Health insurance proposal timelines and applications

When writing health insurance proposal for your company be aware of the timelines and size of business for applications under the PPACA, check with your treasury department for any extended timelines for businesses with less than 100 employees on providing health insurance coverage.

Almost 96% of employers according to the National Conference of State Legislators have less than 100 employees and these numbers should be considered when preparing a health insurance proposal policy for the company.

Health insurance is there for the unexpected and small business coverage

Since accidents or health problems can happen at any time and medical expenses can be high resulting in the number one cause of bankruptcy and there is a large network of doctors and hospitals with negotiated low rates join with insurance company offerings.

If you are a representative or account executive of these types of policies and spend much of your time working with small businesses to construct a well-balanced health insurance policy for their company of 100 employees or less, than proposal tracking is a great asset to understanding insights and follow ups.