816-400-4477Large Group Health Insurance Broker
Free Services To Help You Find The Best Health Plans For Your Business
Comprehensive Large Group Health Insurance Solutions for Your Business
At Apollo Health Insurance Broker, we understand that offering quality health coverage to your employees is a critical component of running a successful business. Our large group health insurance plans provide flexible and cost-effective solutions tailored to meet the unique needs of organizations with 50 or more employees.
Why Choose Large Group Health Insurance?
Offering large group health insurance benefits both employers and employees. With a larger risk pool, your business can access better rates, more extensive coverage options, and tailored solutions for your workforce.
Key Benefits of Large Group Health Insurance:
Lower Premiums: With a larger group, insurers can offer more competitive rates, helping to reduce overall costs for the business.
Comprehensive Coverage: Access to a broad range of health benefits, including medical, dental, and vision coverage.
Customization: Plans can be tailored to meet the specific needs of your workforce, ensuring the best care at the most affordable price.
Easier Enrollment and Eligibility
Group health insurance simplifies the enrollment process for employees. Rather than individually applying for insurance, employees can be enrolled automatically as part of the group. This streamlined process saves time and reduces administrative burdens for both employees and employers.
Employer Savings: Offering health benefits can lead to tax incentives, reducing your business’s overall tax burden.
Apollo’s Tailored Health Insurance Solutions
As a leading health insurance broker, Apollo Health Insurance Broker offers a wide range of large group health insurance plans designed to meet the needs of businesses of all sizes. We partner with the nation’s top insurance carriers to provide plans that include:
Health Maintenance Organizations (HMOs)
Preferred Provider Organizations (PPOs)
Exclusive Provider Organizations (EPOs)
High-Deductible Health Plans (HDHPs)
Why Apollo Health Insurance Broker?
Experienced Advisors: Our team of licensed insurance experts will help you navigate the complexities of choosing the right large group health insurance plan.
Customizable Plans: We work with top carriers to find the perfect combination of coverage options for your employees.
Ongoing Support: Our service doesn’t end once you’ve selected a plan. We’re here to provide ongoing support, from managing renewals to assisting with claims.
FAQ on Group Health Insurance
When can I enroll in my employer health plan?
Following a Qualified Life Event (QLE), I have the opportunity to enroll in my employer health plan.
Qualified Life Events encompass a range of circumstances that allow for changes in health insurance coverage. These events include various situations such as the loss of health coverage, a change in residence, a change in household, becoming a U.S. citizen, and more.
For a comprehensive list of qualifying events, you can refer to this link to access further details.
When do employers have to offer insurance?
When you reach a threshold of 50 full-time equivalent (FTE) employees, it becomes mandatory to offer insurance coverage.
The concept of full-time equivalent combines both full-time and part-time employees to determine the total FTE count.
For example, if you have 50 part-time employees, it is generally considered equivalent to having 25 full-time employees in terms of meeting the 50 FTE requirement for offering insurance.
This calculation takes into account the total hours worked by part-time employees to determine their FTE value in relation to full-time employees.
Insurance carriers commonly require employers to contribute at least 50% of the premium cost for group health insurance plans. However, if the plan is subject to government regulations, such as those outlined in the Affordable Care Act (ACA), additional guidelines apply.
According to the ACA regulations, if a group health insurance plan falls under government oversight, the plan’s cost to employees should not exceed 9.8% of their monthly income. This ensures that the insurance coverage remains affordable for employees, promoting accessibility to healthcare benefits.
It is important for employers to adhere to these contribution requirements and affordability limits, as mandated by the government and the specific regulations in place.
What happens to my group health insurance if I lost my job?
When leaving a job, individuals may be eligible for COBRA continuation coverage, allowing them to keep their group health insurance for a limited time, however this comes at the risk of having to pay a higher premium. Alternatively, they can seek new coverage through a marketplace insurance provider. Opting for individual health insurance instead of COBRA can be a smart choice for several reasons. Individual plans may be more affordable than COBRA continuation coverage, reducing monthly expenses, especially during job transitions. The individual insurance market offers diverse plan options for better flexibility in healthcare choices. Unlike COBRA, individual plans can be customized to include preferred doctors, coverage levels, and cost-sharing measures. Purchasing an individual plan ensures coverage continuity without interruptions in healthcare services.
Can I shop off-market for a group health insurance plan?
Yes, employers can shop off-market for group health insurance plans through a broker or directly from an insurance company. However, plans purchased outside of the state’s Health Insurance Marketplace aren’t eligible for government subsidies.
Working with experienced brokers can uncover options that are not available on the open market, possibly leading to plans with better benefits, lower premiums, or both.
Can part-time employees be eligible for group health insurance?
What are some alternatives to group health insurance coverage?
Alternatives to group health insurance include individual market policies, short-term health insurance, and health care sharing ministries. Each of these options has its own benefits, so it’s important to carefully consider the needs of your employees before making a decision.
Is there a difference in coverage between on-market and off-market group health insurance plans?
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