health insurance is obtained by most Americans through a
Group health insurance is generally the least expensive kind and, in fact, many cases, the
employer pays part or all of the cost.
health insurance - when it comes to buying it , there is strength
in numbers. And, big numbers have traditionally gotten the best
deals. It is estimated that 70% of Americans obtained group
health insurance coverage
through their employers. Many of those employers are large
companies with strong-arm power at the insurance bargaining table.
a small-business owner, however, there is no reason to feel
Texas-Health-Insurance-Online.com has all the tools and experience to help you find the highest
quality group health insurance coverage at the best possible price.
Request a group health insurance quote now!
health insurance refers to the number of employees in a given company. It can be as
many as 100, but is most often two to 50. In this market, health
insurance prices have traditionally been based on two things:
first, cost projections are fairly stable across the country. But,
the second consideration is localized to the company. Insurance
companies estimate utilization of services based on factors
ranging from the medical history of the company’s employees and
their dependents to age and gender. These details affect plan
premiums to the company and its employees. If an employee is
considered a greater risk the group will usually pay a higher
premium for insurance coverage.
To determine the second factor, the majority of small business
health insurance companies use a process called underwriting. An
underwriter analyzes risk factors, including the medical history
of each individual, to estimate potential claims and determine a
How does this
affect my company?
health insurance laws, small business health insurance must
be sold to any small business with 2 to 50 employees and the same
small business health insurance policy the insurance company sells
to other small businesses must be offered.
health insurance companies can impose two requirements on small
businesses wanting to buy health insurance.
First, health insurance companies may impose a minimum enrollment
requirement for Texas
small business health insurance. This means that a certain
percentage of employees must purchase health insurance for the
policy will be in effect.
Secondly, insurance companies can make it mandatory that the
employer to pay a portion of each employee's premiums. Without
this guarantee, the health insurance company can refuse coverage.
Besides regulating who is eligible for
small business health insurance, Texas
health insurance laws don't extend much farther. Even though the
degree to which they can increase is slightly limited, premiums
can increase due to the group's health status and risk. But, Texas
health insurance companies cannot cancel any Texas
small business health insurance policy because of employee
But my company
is so small!
Regardless of whether you are a small
company or a Fortune 500 giant, you want to make sure you are
getting your money's worth out of a health plan. It's important to
weigh the pros and cons of each choice when selecting a plan.
While premiums vary among different carriers, recognize that there
can be substantial differences in the benefits provided and in the
amount your employees must pay out-of-pocket for services.