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Small Group Insurance
New Hampshire small group health insurance plans are available to groups with a minimum of 2 and typically a maximum of 50 fulltime employees. A minimum of 2 employees or business owners must enroll to be eligible except in special situations. Health insurance carriers require 75% of all eligible employees to enroll. If an employee already has group health insurance through their spouse, or is on Medicare, that employee can be waived without affecting the group participation requirement.
Businesses who wish to only offer group health insurance coverage to a select group of employees may be eligible for the following carve out options:
A management carve out plan (designed to insure managers only)
A class carve out
Salary vs. hourly carve out
Location carve out programs
Group carve out strategies (two employees with guarantee issue coverage)
At Compass Benefits, we specialize in working with very small and closely held groups, often under 5 employees with the following business arrangements:
Face to face enrollment and annual re-enrollment.
Sole Proprietor with DE-6 Payroll
Sole Proprietor without DE-6 Payroll
Partnerships and LLPs
Corporations and LLCs
Employers with 1099 Contract Employees
Employers with Seasonal Employees
The advantage of a having a small group health plan is that it is guaranteed issue to all members of the group regardless of their current health status. Also, employers and employees have the benefit of paying for their health insurance with pre-tax dollars to help reduce their amount of taxable income.
We’ll search thousands of plans from nationally recognized companies to find coverage that’s right for you, at a price that fits your budget. Best of all, our assistance is at no cost to you.
Compass Benefits, LLC. President, Wally Miller. 47 Enterprise Drive. Windham, NH. 03087.
Copyright © 2023 Compass Benefits, LLC. All Rights Reserved.
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