Health Insurance Options for Business Owners
As a business owner, you have two main options for securing health coverage:
1. Individual Health Insurance
If you're a sole proprietor or have no employees, you can purchase a personal health plan through:
✔
State of California marketplace (CoveredCA.com) – May qualify for subsidies based on income.
✔
Private insurance companies – Offers more plan options but without government subsidies.
2. Small Group Health Insurance
If you have at least
one W-2 employee (other than a spouse or related family member), you may qualify for a
small group plan with benefits like:
✔
More affordable rates – Group plans often cost less than individual plans.
✔
Tax advantages – Premiums may be deductible as a business expense.
✔
Attract & retain employees – Offering health benefits makes your business more competitive.
Ways to Set Up a Small Group Plan:
✔
Traditional group health insurance – Coverage from major carriers with employer/employee contributions.
✔
Small Business Health Options Program (SHOP) – Covered California Small Business marketplace plans for businesses with up to
50 employees.
✔
Health Reimbursement Arrangement (HRA) – Employers reimburse employees for individual plan premiums
tax-free.
✔
Professional Employer Organization (PEO) – Outsource HR to access larger group insurance rates.
Need help finding the right plan?
📞 Call
415-524-8959 |
760-696-3573
📧 Email
pamm@benefitsbydesignca.com
Benefits by Design Insurance Services – Helping business owners navigate
health, dental, vision, group life and group disability options.
