Employee Benefits
Currently, there are two primary types of employer-based health insurance. Fully insured plans and self-insured (or self-funded) plans.
Choosing a health plan for your company can be a large responsibility. Our agency is here to assist you in your decision. We will guide you through the process and explain the different options available to you. The following are some of the things you need to consider when choosing a group health plan.
- To qualify for group coverage you may be required to provide a signed copy of your most recent UCT-6.
- Submit a current payroll and billing statement from your current health insurance carrier.
- You are required to have a business license and articles of incorporation to verify the legitimacy of your business.
- The minimum employer contribution is 50% of the employee monthly premium rate but can vary depending on group size.
- Generally 75% off all eligible employees must enroll under the group health plan.
- Eligible employees are those employees who are working a minimum of 25 hours per week and have met their waiting period.
- Rates will vary based on group size, employee age, location and other factors.
