How much would it cost me to provide Health insurance to the employees in my small business?
We have a small trading (business to business) company located Manhattan, NY. There are a total of 5 employees, how much would it cost for me to provide health insurance? How does that usually get paid? Is it split between the employers and employees or is it paid for solely by the company?
Thanks in advance!
How much would it cost me to provide Health insurance to the employees in my small business?
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Comment by zeuz
If you choose to form a group health plan, then you’ll have to pay at least 50% of the premium, and you’ll have to have at least 75% participation (yourself included). You’ll need to work with an insurance agent that specializes in group plans to see how much it would cost.
Alternatively, you could offer to subsidize employees’ health care costs, by increasing compensation by a set amount each month.
Comment by eagleboy
the cost is up to you. Some employers pay, most share the cost with employees. Coverage and cost also can vary – what are you going to cover and then are there copays. You need to talk to a company and find out different plans and their cost
Comment by MARIA Y
Common situation you met like many other people,be patient,and check the resource here http://www.HealthInsuranceIdeas.info/free-online-health-insurance.htm i found useful.
Comment by Cape S
You can easily check your minimal health care rates in internet, for example here – healthplans.bebto.com