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Small Business Health Insurance - Coverage for Your Employees Rapid City 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!

Allstate Insurance Companies
(605) 388-3000
2040 W Main St Ste 203
Rapid City, SD
 
Farm Bureau Financial Services
(605) 341-7600
2433 W Chicago St Ste B
Rapid City, SD
 
Banks Johnson Kappelman & Becker Attorneys
(605) 341-2400
731 Saint Joseph St
Rapid City, SD
 
Modern Woodmen Of America
(605) 341-6115
628 6th St
Rapid City, SD
 
Banks Barton R
(605) 341-2400
731 Saint Joseph St
Rapid City, SD
 
American Family Insurance
(605) 342-5448
2400 W Main St Ste J
Rapid City, SD
 
American Income Life
(605) 341-2070
1602 Mountain View Rd Ste 102
Rapid City, SD
 
Lewis Kirkeby & Hall Insurance Inc
(605) 348-1750
124 E St Joseph St
Rapid City, SD
 
Bangs McCullen Butler Foye & Simmons LLP
(605) 343-1040
333 West Blvd
Rapid City, SD
 
Fishback Insurance Agency
(605) 696-2236
520 6th St
Brookings, 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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