The insurer has announced that it will be exiting the employer group marketplace within 18 months. Small business health insurance provider Humana has announced that it will be stepping out of the state’s employer group market within the next 18 months. The announcement was first made in a letter the insurer issued to brokers and agents in the state. While the letter was a formal announcement to the brokers and agents who sell Humana’s health insurance policies, at the time this article was written, the insurer had yet to officially…
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Best Health Insurance Plans For Your Employees
If your business is growing, you need insurance. Not only can the right insurance package help attract better employees, but you can even save money thanks to tax credits and deductions as you can check with your accounting advisor to tell you. Legally, you only have to offer insurance if you have 50+ full-time employees, but it’s still worth pursuing insurance for the sake of your employees’ health. Your team counts on you to provide for them. Insurance shows you care about their wellbeing, and that you want to ensure…
Read MoreSmall business health insurance exchange is struggling to connect with companies
New exchange designed for small businesses is experiencing turbulence HealthCare.gov has launched its small business service, offering employers the chance to purchase health insurance plans for their workers through a federal exchange marketplace. This federal exchange was meant to be made available last year, during HealthCare.gov’s first open enrollment period, but its launch was delayed due to concerns over the financial impact mandatory insurance coverage would have on small businesses. The exchange is now available to small businesses, but reports of mild technical problems has made it difficult for some…
Read MoreHealth insurance for business customers to be sold at Sam’s Club
At the same time that these shoppers are buying large sized containers of coffee, they may also shop for coverage. Small businesses are now beginning to make the decisions that are required of them in order to be able to comply with the Affordable Care Act, which states that employers must offer health insurance to their workers, and now Sam’s Club is going to enter into the market that sells this coverage. The Wal-Mart Stores wholesale retailer division has announced that it will start selling private plans. It will be…
Read MoreInsurance plans are being dropped by many small businesses
The health care reform is making some company owners believe that they cannot afford to continue coverage. The latest wave in the health care reform appears to be a withdrawal of a number of small employers from offering insurance plans to their employees, as some have discovered that they will be facing notably higher premiums than they have previously paid. This rise in the price of health plans is causing a number of small business owners to forego coverage next year. Instead, these companies are frequently choosing to pay their…
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