Many business owners are looking for affordable Georgia small business health insurance plans for their employees. According to surveys, a majority of small business owners believe that having excellent Georgia small business health insurance benefits for their employees is a major factor in both attracting quality employees, and retaining them. Highly qualified, reliable employees expect to receive adequate compensation both in terms of salary and Georgia small business health insurance benefits as part of good full-time employment.
However, business owners report that there are many fees and taxes that interfere with their ability to subsidize Georgia small business health insurance premiums for their employees and their families. One of the main expenses to business owners is workers’ compensation taxes, as well as unemployment taxes. These required fees and taxes are big and take up a lot of a business’s income and assets.
Even so, most business owners try to find a good Georgia small business health insurance policy and try to cover at least the employee’s premium costs. Many business owners will also cover a portion of the employee’s family members’ premium, but this is based on their ability to pay for these extra costs. Sometimes the employees themselves pay for their family members’ Georgia small business health insurance premiums. However, this may still be a good deal for most employees. This can be particularly helpful if an employee or a family member has some sort of high health risk or poor medical history, and would be denied for coverage through an individual health insurance policy. A health insurance company cannot deny coverage for Georgia small business health insurance group plan benefits to a qualified member of a business or group, regardless of their medical history. Therefore, being able to automatically receive coverage through a group Georgia small business health insurance plan is an invaluable benefit for many employees or their family members.
If an employee and his or her family members are all in excellent health, and the employer does not subsidize any of the Georgia small business health insurance premium costs, then it may behoove those employees to consider looking at a private health insurance policy instead. This is because individual and family health insurance policies are usually cheaper than a Georgia small business health insurance group health plan. This is because of the issue stated above. For Georgia small business health insurance group plans, the insurance company is required to accept higher risk members. For individual and family health insurance policies, the insurance company does not have to accept high risk members, and therefore can keep the premiums low.
However, if the business owners or employer is subsidizing any of the Georgia small business health insurance premium costs, then it will probably be more beneficial and affordable to employees to enroll in these group health plans. There is usually a department that will help you with claims or other insurance related questions. Having access to this kind of administrative help is another benefit of enrolling in a Georgia small business health insurance plan through your employer.
In the future, the government will provide incentives to business owners who provide access to Georgia small business health insurance group plans for their employees, making it easier for them.