Small business health care plans are often sought by employees who are looking for a job with benefits that go beyond wages. However, there are many business owners who will not provide any form of health care coverage for their workers, which many business owners who do provide health insurance for their company say is a mistake.
Health insurance plans for a small business can be quite affordable as the risk to the insurance company is spread out over a larger number of people. Also, for workers, no one can be denied health insurance under any employer group health insurance plan if they have a pre-existing condition. While the specifics of this may vary from state to state, individuals with a pre-existing condition may simply have to wait out a trial period before they get coverage for that condition, but will otherwise not be denied coverage.
However, for employers, health insurance can be affordable because the insurance company will be collecting more in premium payments than they will be paying out in claims and this can create an environment in which business health insurance is quite affordable. Also, a company can benefit from providing health insurance for workers not only because current employees will stay more loyal, but companies can attract higher qualified candidates in the future.
Health insurance agents often can draw up a certain plan for companies who do not have health insurance but may have specific needs. Companies that do not have health care coverage for their workers can find a plan that fits their organization, in most cases, and with a small business health insurance tax credit available, many employers are finding that meeting the expenses of health insurance premiums are less costly.
Yet, despite any health insurance costs an employer will make, workers who are uninsured or providing their own insurance will typically be paying much more. It’s for this reason that many business owners are encouraged to provide health insurance coverage for their workers so that in the case of an unforeseen illness or injury their employees will not be crushed under medical costs.