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specialists for a better health insurance value!
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CT Small Business Health Insurance Quotes and Plan
Options and Overview Due to Connecticut having more favorable health insurance regulations in the individual market, than the small group market, in some instances it may be more advantageous for the business owner with few enough employees to simply establish a health reimbursement arrangement (HRA)and reimburse employees for a portion of the cost of their individual insurance as individual insurance can be less than half of what a comparable plan in the group market can cost. Doing this can mean lower costs and better coverage for healthy employees. The down side to this is that individual rates are based on health and if a person is not healthy enough, he or she may not qualify for a plan in the private market and may be forced to getting more expensive coverage in the CT state health insurance high risk pool. Still, all in all the total cost for the group may work out to be less. Call us at 401-848-7708 for recommendations and other considerations you may have for your particular group. Advantages of small group coverage is that due to community rating, the approval process is quick and painless and health considerations have less weight than they do in the individual market. HOWEVER since they don't count as much, rates across the board are much higher! Still there are a few carriers that can be competitive relatively speaking. We can help guide you. While you are waiting for your permanent plans to be approved or for part-time or employees looking for a less expensive alternative to COBRA, short term medical for those that can qualify can be an excellent choice.
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