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Group Health InsuranceThe investment in health insurance is often a large one for business owners. However, your employees will likely seek a quality health insurance plan — and under current healthcare guidelines in place by the government, you may even be required to purchase it. It's important to understand what group health insurance is and whether or not you qualify for it. For those that do, it can be an outstanding investment.

Understanding Group Health Insurance


As a small business owner, your first goal is to meet your company's financial needs. Your second goal is to provide for your employees' needs. Group health insurance can help you to accomplish that. To qualify for a more affordable and flexible group health insurance plan, your company may need to meet some specific goals:
  • The company needs to have at least two full-time owners, partners, officers or employees. This should be verified through documentation, such as through the quarterly taxes you pay for these individuals and annual federal tax return documents.
  • The company has to be a legally recognized business. This means that you need to have at least one method of verifying that the company is a legal business. This may include the holding of a business license or a name filing if you are a partnership or proprietorship, articles of incorporation if your company is incorporated and articles of organization if your company is a limited liability business. You only need one of these to prove your legal recognition. In short, the government wants to be sure you are an actual business, not just a company founded to obtain group health insurance.
  • You also need to meet the minimum employer contribution percentage. This is established by the insurance company. It is what you put into the company.
Keep in mind that your ability to obtain group health insurance for your company depends on a variety of factors. These can change from one state to the next. Government requirements also vary and can change. That is why it is necessary to work with a trained agent when choosing appropriate coverage for your employees. Consider the value of health insurance for your group and choose a policy that fits your unique needs.

Need help finding the right coverage? Call CECO Insurance at (512) 358-6137 for more information on Round Rock TX group health insurance.
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Round Rock, TX 78664


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