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Small Business Health Insurance - Coverage for Your Employees Mitchell SD

Even better, group insurance has tax advantages too. Employer contributions to a small business dental and health insurance plan are generally 100% tax deductible for the employer and employees will likely save on payroll taxes. Everyone wins!

Fischer Rounds & Associates
(605) 996-7711
1130 S BuRR St
Mitchell, SD
 
American Family Insurance
(605) 996-1594
411 S Ohlman St
Mitchell, SD
 
Moore, Becky - State Farm Insurance Agent
(605) 996-1133
1204 S Burr St
Mitchell, SD
 
Farm Bureau Financial Services
(605) 341-7600
2433 W Chicago St Ste B
Rapid City, SD
 
McKinney Allen E Associates After Business Hours Sundays E Holidays
(605) 338-5118
2709 E Slaten Park Cir
Sioux Falls, SD
 
Strangeland, Jim - State Farm Insurance Agent
(605) 996-3611
1414 N Main Street
Mitchell, SD
 
CorInsurance
(605) 996-6070
715 N Main St
Mitchell, SD
 
Primerica Financial Services
(605) 271-6425
3220 W 57th St
Sioux Falls, SD
 
State Farm Insurance
(605) 692-8383
511 6th St
Brookings, SD
 
Aberdeen Finance Corp
(605) 225-8050
18 3rd Ave Se
Aberdeen, SD
 

Small Business Health Insurance - Coverage for Your Employees

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Small Business Health Insurance

Own a small business? Do you have between 2 and 50 people in your organization? With as few as two you may qualify for a group dental or health insurance plan.

Small business dental and health insurance has many benefit's. Besides providing medical care for yourself and your employees, a group insurance plan helps spread the financial risk between all the members. Most of the time, this will mean lower premiums and better coverage for the individuals in the group.

Even better, group insurance has tax advantages too. Employer contributions to a small business dental and health insurance plan are generally 100% tax deductible for the employer and employees will likely save on payroll taxes. Everyone wins!

How does this group insurance work? A small business dental or health insurance plan provides it's members with a set policy coverage. Individual employees may be able to add policy riders and additional coverage to fit their specific needs, but the basic policy format will remain the same for everyone in the group.

Likewise, although small business dental and health insurance comes in a variety of shapes and sizes (fee-for-service, HMO, DHMO, PPO, POS to refer to the most common), the format your organization chooses will apply to all members. Given this, it makes sense to talk to your employees and determine if the group as a whole has a preference for the type of dental or health plan chosen. There are pros and cons to each one.

Remember that group health or dental insurance cannot be made compulsory. However, you may have to maintain a minimum number of participants in order to guarantee coverage. This is where getting the feedback of your employees regarding their preference can really help in maintaining the plan.

Will you company be able to afford this? Well, group dental or health insurance is less expensive than the cost of a bunch of individual policies added up, but it's not cheap. As the employer, ...

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South Dakota State Mandated Health Insurance Coverage

Medical insurance benefits that insurers must provide include: alcohol/substance abuse, breast reconstruction, chiropractor, dental anesthesia, dentist, dependent coverage (including newborns, adopted children, dependent students/adults, disabled dependent adults), diabetes self-management and supplies, emergency room service, licensed health professional, mammography, maternity minimum stay, mental health, nurse (midwife, practitioner, anesthetist), off-label drug use, optometrist, osteopath (D.O.), PKU/metabolic disorder, podiatrist, prostate cancer screening, psychologist, social worker

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