Confused with Your Health Insurance Shopping?
Skyline Benefit is an independent insurance agency with Covered California Korean agents. Covered California offers both individual and small business health plans in California. Generally, it aggregates private health insurance plans, obtains insurance pricing and benefits, enrolls employees and consolidates the billing and administration process. For small business plans, employers can choose how many plans to offer and how much to pay in premiums, while receiving one bill for all of their employees, which makes the process easy and simple for employers.
Who is Eligible for Covered California for Small Business?
If you’re an employer in California looking to purchase group health insurance, there are some basic requirements you need to meet:
- You need at least one full time eligible employee on your payroll who is not the owner or spouse. This person should have worked for you for at least half of the previous calendar quarter.
- You must employee no more than 100 eligible employees and meet certain contribution and participation requirements.
- The majority of your employees have to reside in California.
By meeting these requirements, you can provide your employees the benefits they deserve while ensuring compliance with California’s regulations thru Covered California for Small Business.
What are the Benefits of Covered California for Small Business?
Covered California for Small Business offers the following four health insurance companies that are available for year-round enrollment. Because employees have the opportunity to compare and select small business health plans at a variety of price points and coverage options:
Another benefit of Covered California is often more comprehensive than individual health insurance. This is because group health insurance plans typically cover more essential health benefits and also offer wider provider networks.
Also, your business could be eligible for a tax credit that is only available through Covered California for Small Business.
Learn about Covered California Small Business Tax Credit.
How Much Does Group Health Insurance Cost?
It’s important to note that the amount an employer pays for group health insurance in California depends on the Defined Contribution selected. And the good news is that employers have options! They can choose a Fixed Percentage (ranging from 50% to 100%) of a specific plan or opt for a Fixed Dollar Amount for each employee. This flexibility allows employees to customize their health plans and benefits based on their unique needs and preferences. And if an employee decides to choose a plan that costs more than the employer’s contribution, they can easily pay the difference. It’s that simple!
Simplifying Group Health Insurance in California for Employers and Employees
Group health insurance can be a valuable asset for both employers and employees in California. It provides comprehensive coverage options at a lower cost, making it an attractive option for small and large businesses alike. By meeting the eligibility requirements and selecting the suitable coverage options, employers can ensure their employees receive the benefits they deserve while also staying compliant with state and federal laws. If you’re feeling overwhelmed by selecting the best group health insurance plan for your business, consider contacting Skyline Benefit; our experienced Covered California Korean team can help simplify the process and guide you toward the best options for your unique needs. Don’t hesitate to schedule a consultation today and take the first step towards providing your employees with the health benefits they deserve.
Need Assistance from a Covered California Korean Agent?
Skyline Benefit is a Covered California certified insurance broker in Fullerton, CA that offers affordable and flexible group health insurance options. Selecting the best group health insurance plans can be overwhelming; our mission is to simplify the process and help our clients every step of the way.
Schedule a consultation with a Korean agent today. Call us at: (714) 888-5112