Group Health Insurance Plans

If you are a business owner, then you have probably thought about whether you should offer your employees a group insurance plan. Most people are generally familiar with the way an individual health insurance plan works. Group health plans are similar to individual plans; however, there are a few key differences. Let’s take a look at some options.

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Group Health Coverage
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Group Health Insurance 101

When is Insurance Required?

If your business has 2-50 employees, then you have the option to purchase group health insurance. As long as you have fewer than 50 full-time equivalent employees, then you are not required to buy insurance by federal law. Once you reach 50 FTE employees, however, you will start receiving a tax penalty of $3,860 per employee if you do not offer coverage. 

If you choose to offer health insurance to your employees, then there are some regulations that must be followed. If you offer insurance to any full-time employees, then you have to offer insurance to all full-time employees. The same goes for part-time employees. It does not matter if someone has a pre-existing condition, a known medical problem, or something else; you must offer the same coverage to EVERYONE of similar employment status. 

In addition, dependents are eligible for coverage on most group health plans. These include spouses, children, adult dependents up to age 26, and occasionally unmarried domestic partners.

How Coverage and Premiums are

Determined

Coverage and premiums under group plans work a little differently than they do under individual plans. Insurance providers can’t base their premiums on the health of individual group members because the same plan has to be offered to the entire group. Instead, the premiums are based on the average health of the entire coverage group. 

Since the risk is spread across a wide pool of individuals, premiums for group health insurance plans are generally lower and more affordable than individual plans.

Differences with Group Health Insurance vs Individual Health Insurance

Carriers we offer with Group Health Insurance

  • Aetna
  • Allstate
  • Blue Cross
  • Cigna
  • Cigna + Oscar
  • Coterie
  • Humana
  • United Health Care

States we are licensed in for Group Health Benefits

Apollo is licensed in 30 states for group health insurance. These include: Alabama, Arizona, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, Nebraska, Nevada, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Utah, Wisconsin, Washington, Virginia, West Virginia, and Wyoming.

    Group-Health-Insurance-Map

    FAQ with Group Health Insurance

    When can I enroll in my employer health plan?

    What is considered full time to offer health benefits?

    How much do I have to contribute for my employees?

    When do I have to offer insurance?

    Apollo Will Find the Right Plan for You

    Apollo Insurance Group has 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.

    Contact Us

    Connect with a helpful agent who will fight to get you the best health insurance for your needs. At No Extra Cost!

    Call (913)-279-0077

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    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 best 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.

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    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.

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    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.

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    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.

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