Connecticut small business health insurance, the first option is to join a group health insurance plan. There are a few groups plans available in Connecticut, and most of them are relatively affordable. The downside to group plans is that not all businesses are eligible to join.
The second option is to purchase an individual health insurance plan
There are a few different individual plans available in Connecticut, and most of them are relatively affordable. The downside to individual plans is that they can be a bit more expensive than group plans.
The third option is to self-insure. This is a bit riskier, but it can be a more affordable option in the long run.
No matter which option you choose, it is important to shop around and compare rates. The best way to find the best deal is to use an online health insurance quote tool.
Connecticut Small Business Health Insurance, Connecticut small business health insurance
When you own a small business in Connecticut, you must look for a plan that will cover all of your employees and their families. The ACA requires employers to provide health insurance for their workers and their families through the SHOP exchange, which will open in 2016. You can use the SHOP to purchase ACA-compliant coverage for your employees and their dependents. To help your business get the coverage it needs, visit Petruzelo Insurance.
The state’s Access Health exchange has had a more difficult time gaining traction than the exchange for individual consumers. Last year, the exchange enrolled nearly 110,000 people, which is nearly half of the entire Connecticut individual market. In contrast, as of earlier this year, there were fewer than 400 small businesses enrolled in the Small Business Heath Options Program. However, despite these challenges, there are many benefits to Connecticut small businesses.
While small employers have fewer employees than large corporations, the number of people covered by the small business insurance market in the state is growing. While the state’s health insurance exchanges do not provide coverage for every employee, the state is working to expand access to small businesses. As a result, the Affordable Care Act has made it mandatory for most employers to offer health insurance to their employees. In order to qualify for the SHOP exchange, a business must have at least 50 full-time-equivalent employees.