Whether you’re starting a business, already in business, or planning a startup, health insurance is a topic you’ll have to confront. You’ll be forced to answer questions like, Should you keep health insurance for up to 18 months from a previous employer through the COBRA option, buy individual health insurance, seek out an association to become a part of the association health insurance plan, or take insurance from a spouse or life partner? Should you consider going without health insurance for a time, or pick up a short term health insurance policy for the six months to a year that they are offered?
In this article, we’ll tackle the question about when you might want to consider small business group health insurance. The other choices will be covered in other articles in this small business health insurance series.
What does it take to get small group health insurance?
In order to get a Small Group Health Insurance Policy, you typically need to have been in business for about a year. This is not a hard and fast rule, though. Formally created businesses, such as corporations or limited liability companies (LLCs) may be able to get a small business health insurance policy right away.
How many employees do I need in order to qualify?
This depends on which state the business is located. In some states, such as North Carolina, you need only one person, and in others you need two people.
Author: Jonathan Pletzke
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