Articles Editor's Blog Reader Mail

Small Business Health Insurance - Coverage for Your Employees Westbrook ME

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!

Darwin Smith
(877) 829-7354
Brimmer, G.David
Portland, ME
 
Allen Peter C
(207) 947-6781
585 Hammond St
Bangor, ME
 
Farmers Insurance-Timothy W Morgan Agency
(503) 626-7800
9600 Sw Oak St
Portland, ME
 
Commonwealth Financial Network
(207) 942-0242
34 Summer St
Bangor, ME
 
American Family Insurance
(503) 235-1545
8085 Se 16th Ave Apt A
Portland, ME
 
Nancy Hodson Ins Agcy Inc - State Farm Insurance Agent
(503) 777-6762
8979 SE Division Street
Portland, ME
 
Hogan Richard D ins Agency Inc
(207) 947-4579
792 Stillwater Ave
Bangor, ME
 
Milt Marcy Insurance
(503) 256-7530
8423 SE Stark St
Portland, ME
 
Allstate Insurance Companies
(207) 945-3310
1045 Broadway
Bangor, ME
 
Sargent Tyler & West
(207) 989-7381
60 Summer St
Bangor, ME
 

Small Business Health Insurance - Coverage for Your Employees

Provided By: 

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, ...

Click here to read the rest of this article from Insurance Guide 101

Maine State Mandated Health Insurance Coverage

Medical insurance benefits that insurers must provide include: acupuncturist, AIDS/HIV testing/vaccine, alcohol/substance abuse treatment, ambulatory surgery centers, ambulance transportation and services, ambulatory cancer treatment, birthing center/midwife, breast recontruction, breast reductiion, cancer pain medication therapies, cervical cancer/HPV screening, chiropractor, clinical trial (cancer), colorectal cancer screening, contraceptives, dental anesthesia, dentist, dependent coverage (including newborns, dependent student/adults, noncustodial children or stepchildren, domestic partner/civil union), diabetic supplies, facility (public or other), family therapist, habilitative service for congenital or genetic defects, hearing aids for minors, home health care, hospice care, mammography, marriage therapist, mastectomy (including minimum stay), maternity minimum stay, mental health, nurse (first assistant, midwife, anesthetist, practitioner, psychiatric), off-label drug use, optometrist, orthotics, pastoral counselor, PKU/metabolic disorder, prostate cancer screening, prosthetics, psychologist, rehabilitation service, social worker, telemedicine, varicose vein removal

About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap