Business owners that are interested in health insurance or interested in the ramifications of new health care reform may need to know whether they are small group or large group coverage. In general, small group coverage applies to companies that have 50 employees or less and large group coverage applies to companies that have more than 50 employees. The laws and regulations concerning small group coverage and large group coverage are different, which makes it very important for businesses to determine which they are.
Business owners within small group coverage are not likely to see significant changes in health care coming up, however business owners within large group coverage will find that they will need to insure a larger portion of their employees. This may increase their overall insurance expenses, but eventually may actually lower their employee costs because their employees will be healthier in general and therefore will be more productive and call in sick quite a lot less. There are also other small changes that may impact large group coverage businesses.
For more information about small group health insurance coverage contact D&S Insurance Services, where you will be able to get a quote in and out of the exchange.