isness health insurance, you can make the best decisions for your business and your employees.
How much does small-business health insurance typically cost?
Small Business Health Insurance New York
What is Small-Business Health Insurance?
Small-business health insurance is an insurance plan specifically tailored for small businesses that typically employ between 2 and 50 employees. This type of plan allows small business owners to provide a comprehensive health insurance benefit to their employees and their families at a lower cost than if they had to purchase individual plans.
What types of plans are available?
Small-business health insurance plans are available in a variety of forms, including both HMO and PPO plans. HMO plans typically have lower monthly premium payments but with more restrictive networks of healthcare providers. PPO plans generally have higher monthly premium payments but with a more flexible set of healthcare providers.
Does Small-Business Health Insurance Provide Coverage In New York?
Yes, small-business health insurance plans are available throughout New York State. Plans are available through a variety of insurance providers, including but not limited to Aetna, UnitedHealthcare, and Healthfirst.
What Does Small-Business Health Insurance Cover?
Small-business health insurance plans typically cover a range of services, including but not limited to:
- Primary and preventive care
- Emergency care
- Hospitalization and surgery
- Prescription drugs and medical supplies
- Mental health and substance abuse services
How Much Does Small-Business Health Insurance Cost?
The cost of small-business health insurance will vary depending on the size of the business, the type of plan selected, and the number of employees enrolled in the plan. Generally speaking, plans will range in cost from around $100 per month per employee to more than $400 per month per employee.
Frequently Asked Questions About Small-Business Health Insurance in New York
- What is the small-business health insurance mandate in New York?
In New York, all businesses with 1-50 full-time equivalent employees are required to offer qualified health insurance coverage or pay a penalty.
- Can I apply for small-business health insurance online?
Yes, many insurance providers allow you to apply for small-business health insurance online.
- What is the open enrollment period for small-business health insurance in New York?
The open enrollment period for small-business health insurance in New York runs from October 1st to December 15th each year.
Summary
Small-business health insurance is an affordable option for small business owners in New York, providing comprehensive coverage for employees and their families at a lower cost than individual plans. Plans are available through a variety of insurance providers and can be applied for online. The open enrollment period for small-business health insurance in New York runs from October 1st to December 15th each year.