|
Below are more frequently asked
questions .... |
| What are the
eligibility requirements for group health
insurance and do they vary per
health insurance provider? |
 |
Being
in business for at least six
weeks is an across the board
requirement of all health
insurance providers. |
|
Employers must pay 50% of
employee only premiums. |
|
|
|
Companies must have a
minimum of 2 actively
working participants. |
|
Coverage may be obtained
with a corporation, a
partnership, a business
license or a fictitious name
statement, quarterly wage
report with at least two
people listed on the forms.
|
|
|
|
Each carrier insists that at
least 75% of employees
participate. |
|
| |
|
What is involved in applying for a
California group health insurance
plan? |
Applications require a list of
participating employees with some
degree of medical information on
each person plus their dependents.
You will also need to list their
names, ages, gender and residing zip
codes. Since coverage is guaranteed
this information is used for the
pricing of your policy. In addition
to a list of participants, you will
need to submit proof of your
business status. This includes as
appropriate:
|
Corporation: |
Articles of Incorporation
(must be filed in the state
of California)
OR Statement
of Information |
|
LLC: |
Limited Liability Company
Articles of Organization |
|
Sole Proprietor: |
Fictitious Name Statement
AND / OR Business License |
|
| |
|
What are the advantages of providing
your employees group health
insurance coverage? |
|
|
Attracts & Keeps
Employees:
Providing group health
insurance coverage is a
benefit in attracting and
retaining employees.
|
|
Tax Deductions For
Employers & Employees:
Employees can set aside
money to be used as tax free
funds from their pay checks.
These funds are for the sole
purpose of paying medical
expenses. The plans are
known as
HSA (Health Savings Account)
plans .
Employers may also make
contributions to these funds
and receive some payroll tax
benefits. |
|
|
|
Guaranteed
Coverage:
Provides you, an employee
and/or dependent with
guaranteed health insurance
for existing medical
conditions. |
|
|
Tax Deductions For
Employers:
All expenses an employer
incurs related to health
coverage are 100% tax
deductible |
|
|
|
How do you choose a group health
insurance plan? |
| California
Group Health Insurance choices are
many and are offered in "tailored"
packages from most of the major
insurance companies. Your financial
involvement can vary based upon your
needs and interests. The best way to
begin the process is to know the
type of benefits you and your
employees need. Small business group
insurance plans are flexible and
offer choices that address
individual financial requirements as
well as the medical coverage needs
of both employee & employer. |
| |
|
What do you need to find out about
your employees? |
|
|
Are they already covered
under a spouse's policy? |
|
Are their health priorities
on preventive care,
prescription coverage or
coverage in case of
emergencies? |
|
|
|
Do they require frequent
medical care or do they
seldom visit a doctor? |
|
|
|
| |
Insurance Advisors is here
to personally meet with you and
identify and implement the carrier
with the best California group
health insurance plan for both you,
the employer, and all of your
employees.
Companies
with employees are now able to offer
benefits that are competitive with
the larger companies. You can keep
great employees and attract new
talent to your small business with a
group health insurance plan tailored
for you. If you
have a California business, send us
a list of all your employees. We
will contact you with our group
insurance recommendations.
Click
Here For Census/Quote Form |
