If you own a small business, you may have observed that choosing the appropriate health insurance can be very challenging. Although there are several possibilities in the market, you must be extremely careful to understand how small business health insurance enrollment functions.

Whether your business employs 10 or 500 people, you should ensure that every eligible employee has access to cost-effective, all-inclusive health coverage. However, how can you do so?

What To Consider When Enrolling in Small Business Health Insurance

You typically need at least 50% of your eligible employees to join the plan in order to qualify for small business health insurance enrollment. You must also have at least one employee that meets common-law small business insurance standards and is not your spouse. 

The eligibility standards change depending on your unique circumstances, the state, and the insurance provider. However, you should be aware that you will be required to cover at least 50% of the monthly premiums for your employees.

When can you apply for small business health insurance?

Qualified small business owners can acquire small business health policies at any time of the year, unlike individual health plans. There is no standardized open enrollment period for small business health insurance.

When can you make changes to an existing healthcare plan?

Once a year, your premiums or benefits may come up for renewal. When this occurs, it’s a good idea to compare prices. You may always look into alternative possibilities if you’re dissatisfied with your coverage. 

When can you add or remove employees from your plan?

Small businesses can add and remove employees at any time. Small businesses need this flexibility because they can hire new employees to grow their business or may terminate employees for various reasons. This flexibility is critical for agile small businesses to thrive in a competitive landscape.

When can you add or remove dependents?

You can add dependents to a small business health insurance plan once a qualifying life event has occurred. It is important to do this during the open enrollment period. If this is not done, they will have to wait until the next small business health insurance enrollment period for coverage.

Where can I get small business health insurance?

If you’re looking for affordable small business health insurance, visit eHealth.com today. Our platform allows you to compare low-cost health insurance options from the best insurance providers in the nation, so you can ensure your employees get the quality care they deserve.