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Group Health Plans Available with Lower Contribution & Participation Requirements

February 27 - Posted at 2:09 PM Tagged: , , , , , , , ,

Did you know that some of the major insurance carriers have revised their requirements on small group medical insurance regarding employee participation and employer contribution?


One major carrier offers 5 group medical plans in Florida for employers (with 2-100 employees) that lowers the required employer contribution to the lesser of 25% of the employee medical premium or $50 per employee. Additionally, they also only require 50% employee participation on any of these 5 plans.


Currently most major medical carriers require the employer to contribute 50% towards the cost of the employee premium and the group must maintain 75% employee participation (this does not include any eligible employees who can provide proof of valid coverage elsewhere).


Another national medical insurance carrier just lowered their employee participation requirements for all small group medical plans in Florida. This is valid only for new business with 2-50 eligible employees, but it does apply to all of their small business medical plans offered. Any existing small group clients with this carrier are still subject to the 75% participation requirement currently.


If you would like more information on any of the plans offered, please contact our office for more information.

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