816-400-4477Small Business Health Insurance in South Carolina
Affordable Coverage for Your Employees
Individual Health Insurance
Insurance can be complicated. Between the dozens of providers, changing laws, different kinds of insurance, and so many options, it's a challenge to navigate and find the right plan for your budget and needs.
That's where an insurance broker can help. Apollo are the experts in health insurance and will fight for you. There's no extra cost to you and you'll have an insurance person to always turn to.
Group Health Insurance
Do you want to provide an affordable insurance option for your employees?
Or maybe your employees are already insured but the cost has increases. It may be time to shop for a better group plan. Having health insurance through an employer is an additional way to acquire and keep talent. Connect with Apollo to find the best group insurance plan for you and your employees.
Life Insurance
Let's be honest, we often don't think about the extremes of what could happen in life. Life insurance is the least purchased kind of insurance even though plans start at only a few dollars a month. If you want to make sure your family is taken care of, this simple insurance can have a huge effect in case of death.
Dental Insurance
A good smile can be worth a million dollars.
Everyone can benefit to good oral care and the cost of emergencies can be quite large. Luckily there are flexible dental insurance plans for everyone. Contact us to get a dental plan that works for your budget.
Vision Insurance
Our eyes are one of our most precious organs, and we only have two, so proactive protection and care is key to maintaining these vital organs! Particularly for children, they don’t yet know how beautiful the world is through perfect vision, it is our responsibility as parents and caretakers to be in-tune with the world through their eyes. On the flip side, as we age our eyes do as well, and thus the frequency for vision checks increases exponentially.
Talk With A Helpful Licensed Sales Agent!
We'll Handle All Your Insurance Needs With No Extra Cost.
No obligation to enroll.
What is a Small Business?
In South Carolina, a small business is defined as a business with fewer than 50 employees. This definition is used by the Small Business Administration (SBA) and by the state of South Carolina for a variety of purposes, including eligibility for government programs and tax breaks.
There are many different types of small businesses in South Carolina, including:
- Retail businesses: Retail businesses sell goods directly to consumers. Examples of retail businesses in South Caorlina include grocery stores, clothing stores, and hardware stores.
- Service businesses: Service businesses provide services to consumers or businesses. Examples of service businesses in South Carolina include restaurants, hair salons, and accounting firms.
- Manufacturing businesses: Manufacturing businesses produce goods. Examples of manufacturing businesses in South Carolina include food processing plants, furniture factories, and electronics manufacturers.
- Construction businesses: Construction businesses build or renovate buildings. Examples of construction businesses in South Carolina include general contractors, plumbers, and electricians.
Small Business Health Insurance in South Carolina: An Overview
Healthcare is an important consideration for any business, especially small businesses. In South Carolina, there are a variety of health plans available to entrepreneurs to ensure that their employees and themselves receive quality coverage without breaking the bank.
Types of Small Business Health Insurance in SC
Small businesses in South Carolina have access to three types of health insurance plans: Preferred Provider Organizations (PPOs), Point-of-Service (POS) Plans, and High Deductible Health Plans (HDHP). Each plan has its own advantages and disadvantages, so it’s important to understand the differences between them before making a decision.
Preferred Provider Organizations (PPO)
A Preferred Provider Organization is a plan where you can choose any doctor or hospital within the PPO network for your care. These plans often come with lower out-of-pocket costs and minimal paperwork. However, if you choose to go outside of the network for care, you may be subject to higher costs.
Point-of-Service (POS) Plans
A POS plan is similar to a PPO in that you choose from providers within the network. But with a POS plan, you will also have access to out-of-network providers at additional cost. A POS plan may also require referrals from your primary care physician before seeing a specialist. This type of plan typically offers more comprehensive coverage than a PPO but at a higher cost.
High Deductible Health Plans (HDHP)
A High Deductible Health Plan requires individuals to pay for all healthcare costs until they meet their high deductible amount—usually $1,400 or more per year—before insurance begins covering expenses. An HDHP is often cheaper than other plans because the premiums are lower, but it also means that individuals are responsible for paying more out-of pocket costs until they reach their deductible amount.
Understanding small business health insurance in South Carolina is key when deciding which type of plan best fits your business’ needs and budget. The most popular small business health insurance options include Preferred Provider Organizations (PPOs), Point-of-Service (POS) Plans, and High Deductible Health Plans (HDHP). Each option provides unique benefits based on individual preferences and circumstances; so it’s important to research each one carefully before making your final selection. With the right information, you can make an informed decision about which type of small business health insurance will work best for you and your team members in South Carolina!
Factors to Consider When Choosing Small Business Health Insurance in South Carolina
- The cost of premiums: The cost of small business health insurance premiums can vary depending on the size of the business, the number of employees, the age of the employees, and the health history of the employees.
- The level of coverage: Small business health insurance plans offer a variety of levels of coverage, from basic plans with low premiums to comprehensive plans with high premiums.
- The deductible: The deductible is the amount of money that an employee must pay out of pocket before the insurance company starts to pay for covered services.
- The copayment: The copayment is the amount of money that an employee must pay for covered services after the deductible has been met.
- The out-of-pocket maximum: The out-of-pocket maximum is the maximum amount of money that an employee will have to pay for covered services in a single year.
If you are a small business owner in South Carolina, you should carefully consider your options when choosing small business health insurance. By understanding the key factors involved, you can choose a plan that is the best fit for your needs and budget.
Frequently Asked Questions for Small Business Health Insurance
When is it required to offer health insurance to employees?
It is required to offer health insurance when you have 50 FTE (full-time equivalent) employees. Full time equivalent can be the combined full-time with part-time. For instance, 50 Part timers generally is considered 25 Full time equivalent.
How much does group health insurance cost for a small business?
The first step is to figure out what’s important to you. Do you need a plan with a low monthly premium? Does your budget allow for a plan with a lower deductible? Are you looking for a PPO or EPO plan? Do you have any preexisting conditions that must be covered? Once you know what’s important to you, it’ll be easier to find the right health insurance plan.
What are ways a small business owner can save money on health insurance?
There are a few different ways that people can save money on their insurance premiums. One way is to purchase a plan that is not based on the individual’s income. These plans can be found on the private market, and they typically have lower premiums than the traditional group or ACA plans.
Another way to save money on insurance is to shop around for the best deals. Different insurers offer different rates, so it’s important to compare and contrast the different options available.
Finally, it’s also important to be aware of the subsidies that are available through the Affordable Care Act. Many people are eligible for subsidies, which can help reduce the cost of premiums.
South Carolina Small Business Health Insurance – Find a Plan That’s Right For You
Health Insurance Testimonials
I don't know much about insurance, but I know these are the people I want to work with. My rep has been Matt Sisk for the last two years and I hope he's my rep for the next fifty. Best customer service I've ever received, very quick responses, and very personable. He even asked me about my cat. Can't exaggerate it enough, if you get the opportunity ask for Matt Sisk. 10/10, he's so great
Ashley - Happy Client
I had the pleasure of working with Jacob Katzfey during Open Enrollment. He directed me to the right policy for my situation. His professionalism and ability to explain all the policy benefits made the process super easy and stress free. Thanks you for all your help.
Randy - Happy Client
Austin has been fantastic to work with. This was my first time getting an individual plan and he really helped me through out the whole process. I have already recommended him to many friends and family because I was so impressed with the high quality service he provided me. Thank you so much Austin for all your help and hard work.
Brik - Happy Client
Stacia's Story: Overcoming Cancer Treatment Costs with Apollo Health Insurance
Apollo Insurance Group is a health insurance brokerage located in Lee’s Summit, Missouri and Chicago, Illinois. We have been around since 2010, and our mission is to positively impact people’s lives. We do this by fighting to find the best option for our clients, create relationships with our employees, and give back to our communities. Apollo also specializes in Medicare, life insurance, dental, and vision plans. We have agents that are experts on group health insurance and are ready to help you find the right plan. Fill out our contact form to get in touch with an agent today.