Small-Group Health Insurance in Chattanooga, TN

Small-group health insurance is health insurance for small businesses (typically purchased by businesses with 50 or fewer full-time-equivalent employees), and it provides medical coverage for employees and their families.

Small-group plan regulations

Group health plans must fully comply with Affordable Care Act (ACA) rules that apply to individual and small-group plans. Insurers cannot use a group’s medical history to set premiums for ACA-compliant plans, and older employees’ premiums cannot be more than three times those of younger employees. ACA-compliant small-group plans must fall at one of four metal levels and cover the law’s essential health benefits with no dollar limit on what the plan will pay for a member’s treatment.

What's in it for small-business employers?

Businesses with fewer than 50 full-time-equivalent employees are exempt from the ACA’s employer mandate and are not required to provide health insurance. So why do so many small businesses set up small-group coverage anyway?

Attracting and keeping a talented workforce. Employees are drawn to businesses that offer health benefits and are more likely to stay longer. It is much easier for most people to enroll in an employer’s health plan than to shop for coverage on their own, and employer contributions to the premiums are a real benefit they would not get elsewhere.

Let us help you build a small-group plan that fits your budget and your team. Contact us to get a free quote.