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Kentucky Insurance Group for Small Business

May 20th, 2013     News

So you finally decided to take the leap and open your own small business. There is only one problem; your employer sponsored health insurance is gone. Now what? Better research Kentucky small business health insurance regulations and find a new health insurance policy from a reliable and affordable Kentucky insurance group.

Every state has slightly different regulations for small businesses and Kentucky is no exception to that rule. Understanding these regulations can save you a lot of trouble later on.

The good news is that Kentucky law recognizes small businesses with 1 to 50 employees. What that may mean to you is if you are self employed and the only employee you have is yourself you are eligible for small business health insurance under the law.

The reason this may be good news is that small business health insurance policies are guaranteed issue so you cannot be turned down for coverage due to any health issues.  The bad news? Insurance companies can mandate the number of employees that participate in the policy before they issue a plan so finding an affordable and reliable Kentucky insurance group carrier may be more difficult.

Another thing to keep in mind when shopping for a small business health insurance policy is that the health insurance carriers can also require that you, as the employer, make a minimum contribution towards your employee’s premiums.  For many small business owners this one requirement may make purchasing a small business health insurance policy too expensive. The average cost of a small business policy in the state of Kentucky hovers around $3000 per employee.

The good news is that the state of Kentucky does recognize the expense of small business health insurance as a problem so there are changes and options in the wind. The bad news however is that those changes are not yet here.

For more information pertaining to small business coverage and reliable Kentucky insurance group Just give us a call toll free at 877-334-1597. Or if you are really a do-it-yourselfer at heart you can click on the link above and check out a few quotes yourself; it’s fast, free and there is absolutely no obligation.