Many small business owners and entrepreneurs are under the assumption that their business is too small to obtain a group health care plan. As a result, many solo-prenuers and small business owners either go without health care coverage or pay exorbitant rates for individual health care plans.

How many employees does a small business need to qualify for group health care coverage? The answer may surprise you – one!

Even if you are the only person in your business, you can still qualify for a group health care coverage plan. There are typically a few general guidelines:

• Company must be incorporated
• Show that wages are being paid

or

• If no wages paid, show a company profit for at least 1 year

Not only can a group health care coverage help you save money on health insurance costs, but it can help you to attract quality employees as your business grows.

Tags: Health Insurance //