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Small Business Health Insurance - Coverage for Your Employees Ypsilanti MI

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!

Yasmin Elrada
22200 Ford Rd
Dearborn Heights , MI
Company
Title: President, Financial Advisor
Company: LPL Financial
Service
Portfolio Engineering,High Yield Bank Accounts,401k Rollover From Employer,Income for Life/ Preserve Principal,Wealth Management,Medicaid,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Captive Insurance,Life Settlements,Pension for Highly Compensated Owners,Stock Market Alternat

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New England Financial
(734) 973-8635
3227 Washtenaw Ave
Ann Arbor, MI
 
Ufer & Company Insurance
(734) 668-4166
2349 E Stadium Blvd
Ann Arbor, MI
 
Barb Young Ins Agcy Inc - State Farm Insurance Agent
(734) 662-0880
2411 Oak Valley Drive
Ann Arbor, MI
 
Emanuel & Associates
(734) 891-6692
32039 Michigan Ave
Wayne, MI
 
Primerica Financial Services
(734) 973-8620
2890 Carpenter Rd
Ann Arbor, MI
 
McKeone J P
(734) 662-8100
5068 Plymouth Rd
Ann Arbor, MI
 
Ann Arbor Insurance Associates
(734) 327-9222
1925 Pauline Blvd Suite D
Ann Arbor, MI
 
Nationwide Insurance Heidi A Kussurelis Agency
(734) 213-6736
2405 S Main St
Ann Arbor, MI
 
James Quayle
116 North Fourth Avenue
Iron River, MI
Company
Title: Financial Associate
Company: Great Lakes Group Of Thrivent Financial
Service
Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Captive Insurance,Life Settlements,Pension for Highly Compensated Owners,Stock Market Alternative,Reverse Mortgage,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Mana

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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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Michigan State Mandated Health Insurance Coverage

Medical insurance benefits that insurers must provide include: alcohol/substance abuse, ambulance transportation services, birthing center/midwife, breast reconstruction, dentist, dependent coverage (including newborns, disabled dependent adults), chiropractor, diabetes (self-management and supplies), emergency room service, hospice care, mammography, maternity minimum stay, mental health, midwife (lay and nurse), off-label drug use, optometrist, oral surgeon, physician assistant, podiatrist, psychologist

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