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California
Small Business health insurance options |
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For California Small Business health
insurance, there are many options and
benefits to consider. Currently, one
options stands out as being a very
attractive one for small business.
Blue Cross offers three basic components
that offer the maximum flexibility in terms
of employee benefits; control in terms of
costs, and savings in terms of tax
advantages. You can either quote all
the major carriers
here or
read below into the these options.
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Flexibility
California Small Business
offers
3 great options for a total package that
gives you unprecedented flexibility and
control over your costs.
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Step
1 - Employee Elect
- employers can
offer any or all of Blue Cross' plans to each
employee
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Step 2 - Employer Contribution
- control your
costs - per employee choose to 1)
limit your share of monthly premiums to no
more than $100 or 2) pay any fixed
amount above $100; or 3) pay a
percentage of the total monthly premium
(employee or employee/dependent). |
Step
3 - POP 125 - Employee can make their
contribution with pre-tax dollars deducted
from payroll. Saves employee average
of 30% and employer saves FICA tax on
employee contribution.
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Eligibility
for Small Group
(quick summary) |
Benefits |
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1
2
3
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2-50
eligible people
(w2,
partners, sole proprietors, corporate
officers...not 1099); can choose to include
part-time or not.
75% of eligible people must go with
the plan.
Employer must pay at least 50% of
employees premium.
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1
2
3
4
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Plans
are guaranteed
issue... regardless
of health.
Premiums by employer are 100% tax
deductible.
Employers can pay as little as 50% of
the employees premium.
Can offer choice |
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BULLETIN:
Partially Self-insured Group Plans
Small Group health premiums are expected to up
20% for 2003. We are pleased to announce
a new option which has become the fastest growing
health insurance plan in California. With
average savings of 30%, the safety of major
carriers, this is the direction everything is
going.
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