Health Insurance for Your Small Business

Small Group Health Insurance Application Tips

Before you can apply for small group health insurance you will need to get a quote. To get started on finding insurance for your company, enter your company’s zip code in the box above, then click the “Get Quote” button.  You will then be prompted to enter census information for all your employees.  This is simpler than it sounds.  You just need the birth date, gender, zip code and dependent information for each of your employees.  Once you enter that information, a Medicoverage agent will supply you with quotes from various insurance providers. When you have those quotes in hand, you are 90 percent of the way towards getting small group insurance—and we can help you get the rest of the way!

What to Consider When Applying for Small Business Health Insurance

Applying for small group health insurance can be easier than applying for individual coverage because small business insurance has guaranteed issuance.  While the approval process is very straightforward, there are a few things that can make the insurance application process run more smoothly.  You will have to fill out an employer application and will need address the following in advance.

1) Decide Who You Will Cover.

You have to offer insurance to all full-time employees, but what do you plan to do about your part-time employees? That’s up to you to decide, but you must include that information on your application.

2) Decide How Much You Will Cover.

You can cover 100% of the cost of certain plan, a flat dollar amount towards a certain coverage, or some percentage of the cost of a plan. Each has their advantages and disadvantages.

3) Decide on the Waiting Period Before Coverage Will Begin.

Most companies have a three month probationary period before coverage will begin. You can make this shorter or longer. Also you can have a different waiting period for managers than regular employees, but you must state this in the application.

Once you have your quotes and have addressed the three issues above, you are ready to apply.