Insurance Plans For Small Businesses

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Call us at You’ve probably been thinking about how to offer small group health insurance that meets your employees’ needs without it costing a fortune.

This will give you the number of full-time equivalent employees the part-time workers represent.

Your mix of full and part-time workers may not lead you to have to offer insurance.

Some states work in partnership with the federal government or run their own SHOP.

Others rely on the federal government to run the SHOP for their residents through You can compare plans online, apply and enroll on your own or with the help of an insurance agent or broker.These plans won't need to offer some of the new benefits that are required by the health reform law if they are "grandfathered." Your company's plans may be considered "grandfathered" if they existed on March 23, 2010, and have not substantially changed.However, there are situations that could make the health plan you offer lose its "grandfathered" status.And they will all use plain language to describe their policies.Through your state's SHOP, you will select the level of coverage you want to offer your employees (bronze, silver, gold, or platinum) and how much money you wish to contribute to the cost of their insurance.Offering insurance, though, also may have drawbacks.Here are some questions to consider if you are an employer with fewer than 50 employees. The employer mandates you've heard about are for businesses with 50 or more employees.The law considers a full-time employee to be someone who works an average of at least 30 hours a week.To figure out the number of full-time equivalent employees, add up all the hours paid to part-time employees in a week and divide by 30 (the number of hours considered to be full-time).And they may qualify for a tax credit to help them cover the cost.The other Marketplace, called SHOP (Small Business Health Options Program), is for small-business owners like you.