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Group
Coverages Health Insurance
Group
health insurance provides medical insurance for eligible employees.
An employer can elect to offer medical insurance to full and part
time employees. As a general rule, an employee must work at least
30 hours per week to be considered a full time employee and at least
15 hours per week to be considered part time.
Group
health insurance requires that employers contribute towards their
employees/health insurance premiums. Generally, most carriers require
the employer to contribute at least 50% of the single employee rate.
Most
carriers also require a minimum participation of 75% of eligible
employee. For example, if an employer has ten eligible employees,
eight of those employees would need to participate in the group
insurance plan. However, if employees are covered by a spouse's
medical insurance plan, they are not included in the participation
formula. So, in the above example of ten eligible employees, if
two were covered by their spouse's plan, only six would need to
participate in the group insurance plan (10-2) x 75% = 6. A common
contribution level today is 75% of the single rate or 50% of the
desired membership type (ie. single, couple, per/child, family).
If
you would like to request a quote for group health insurance, please
click here.
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