Small Business Health Insurance Pennsylvania (Quotes, Cost & Coverage)
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Frequently Asked Questions About
Commercial General Liability Insurance
How much does commercial insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Small Business Health Insurance Pennsylvania
Small Business Health Insurance Pennsylvania. With the new health care reform act, or Affordable Care Act, finding health insurance for your small business is now a priority. Small business owners still remains a challenge for the small business niche, but there are several options out there for small business health insurance Pennsylvania coverage that meets your budget and serves you and your employees well.
There are around 6 million small business operating in the United States. Around 21.7 million people are classified as “self-employed.” However, companies with one to nine workers paid 18 percent more for health insurance premiums than companies with 1,000 workers or more.
Offering small business health insurance Pennsylvania is a way to help you recruit and retain top talent. A benefits package that includes top-notch PA health insurance is seen as a premium to would-be employees.
Working with an professional agent within is a good step towards finding the right group health insurance for your small business' needs. Group health insurance is sometimes challenging to understand, which is why working with a seasoned agent makes a lot of sense. An agent can help you navigate the increasingly cluttered health insurance marketplace to make an informed decision about what’s right for you. By comparing the various policies that are available and getting quotes from multiple companies, your business can make a smart decision about its small business health insurance Pennsylvania coverage and find the reliable policies for you and your employees.
Statistics on Small Business
Small business health insurance premiums have risen around 113 percent over the course of the past decade.
Around 49 percent of small businesses that employ 10 workers or less provide health insurance coverage for their employees.
Around 96 percent of businesses in the United States employ 50 people or less.
Small businesses are responsible for creating around three-fourths of the new jobs in the U.S. economy.
Should Your PA Business Offers Small Business Health Insurance?
TMany PA small businesses do not offer small business health insurance Pennsylvania, due to the exorbitant costs they face. However, offering this benefit to employees has its advantages, and some of them cannot be overlooked.
PA Health insurance provides protection for your biggest asset: your employees. With health insurance in place, you and your employees can access healthcare at a discount. If health insurance is not in place, the medical costs can be cost prohibitive, leading those who cannot afford insurance to avoid seeing a doctor. In short, health insurance protects your employees and your business from the cost of sudden sickness and accidents.
Small business health insurance Pennsylvania is a form of protection for your business. It pays the medical costs you incur when you are sick. These costs can reach extremely high levels if a major illness or accident befalls you or your employees. In the case of health insurance that offers a reasonable amount that you must pay out of pocket, it helps you avoid using your personal assets to pay for care.
If your business can afford to offer coverage, it is a big perk to employees who might otherwise have to purchase it on their own. Nonetheless, you shouldn’t offer it if you can’t afford, unless it is to be compliant with the new ACA.
How Do You Buy Small Business Health Insurance Pennsylvania?
As the owner of a PA small business, it may fall on your shoulders to find the right affordable small business health insurance Pennsylvania for your employees and to provide the coverage that they need. When you offer health insurance, you agree to pay for a portion of the cost of that insurance, while the employee’s part of the premium is generally taken as a payroll deduction. You may also be responsible for paying a portion of any premiums for the employee’s dependents.
Most employers pay at least half of the premium rate for their employees. Although it varies based on your location and the number of people you have working for you that require insurance, you may choose to offer individual coverage or coverage for the employee’s family. If your business has a small number of workers, then you may opt for just a family plan if group coverage is not within reach financially.
Choosing a Small Business Health Insurance Pennsylvania Policy
There are four main types of small business health insurance Pennsylvania for your business to choose from, including PPO plans, HMO plans, HSA-eligible plans, and indemnity plans. Selecting the right plan is more of a personal decision based on the budget you have and the level of coverage you wish to purchase. Your insurance agent can help you review the plans available to you and your employees to find the right fit for your business.
Some PA health insurance plans do not provide coverage for dental benefits, so this might be a separate offering for your employees. Sometimes this is offered as a standalone policy and is another perk your employees can appreciate.
How to Find Budget-Friendly Small Business Health Insurance
Although it is possible for employers to shop online for coverage and make their own comparisons of health plans available, the changes wrought by the Affordable Care Act in 2014 make it a complicated matter. A knowledgeable agent can help you weigh your choices and make the most informed decision, which makes working with an agent a savvy business move that can save your business big while also helping you find the right coverage.
Request a free Small Business Health Insurance Pennsylvania quote in Allentown, Allison Park, Altoona, Baldwin, Bensalem, Bethel Park, Bethlehem, Bloomsburg, Carlisle, Chambersburg, Chester, Drexel Hill, Easton, Erie, Fullerton, Greensburg, Hanover, Harrisburg, Hazleton, Hermitage, Hershey, Horsham, Indiana, Johnstown, King of Prussia, Lancaster, Lansdale, Lebanon, Levittown, McKeesport, Monroeville, Murrysville, New Castle, Norristown, Philadelphia, Phoenixville, Pittsburgh, Pottstown, Pottsville, Reading, Scranton, State College, Upper Darby, West Chester, West Mifflin, Wilkes-Barre, Wilkinsburg, Williamsport, Willow Grove, York and all other PA cities.
Quotes from leading small business insurance carriers including: ACE, AmTrust, Chubb, Cincinnati, CNA, Colony, Employers, Evanston, Foremost, Guard, Hanover, Hiscox, Liberty Mutual, Markel, Nationwide, Penn America, Philadelphia, Progressive, Scottsdale, The Hartford, Travelers, USLI, Western World, Zurich & others.