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From helping you create holistic health engagement programs to providing customer service 24/7/365 days a year, we help make sure you get the right combination of benefits and services, while reducing the stress and time it takes to administer a plan.
A “small employer” is defined as a business with 2 to 50 full-time employees.
Owners are generally counted as employees, so sole proprietorships with one employee usually fall into this category, as do partnerships without any employees (by definition partnerships have two or more partners).
Then we help you build a sustainable, winning benefits strategy that is designed to improve individual health and employee productivity while achieving long-term cost savings.
Once the plan is in place, we're there when you and your employees need us.
Insurers are required by law to offer coverage to small groups.
While there is no law requiring small business owners to provide health insurance, the Affordable Care Act makes substantial changes that small business owners should be aware of when deciding whether to purchase insurance for their employees.If you have at least 50 full-time-equivalent employees but none receive an individual premium tax credit or cost-sharing reductions (both based on income), there’s no penalty—whether or not you offer health insurance.Under federal law, small employers are guaranteed group coverage should they choose to purchase it, regardless of the employees’ health status.Below, we outline the basics behind group coverage.Group medical coverage refers to a single policy issued to a group (typically a business with employees, although there are other kinds of groups that can get coverage) that covers all eligible employees and sometimes their dependents.For costs and details of coverage, contact a Cigna representative.Group health plans are insured or administered by Cigna Health and Life Insurance Company or its affiliates.With individual coverage, the insurer has historically based its premium rates (or denied coverage) on the detailed medical history of the person or family.(The Affordable Care Act brought important changes to the individual market, including eliminating the ability of insurers to deny coverage based on preexisting conditions.) With groups such as small businesses, the insurer determines a premium price based on risk factors balanced over the entire group, using general information on members of the group, such as age or gender.We’ll cover more essential details in Part Two: Getting Covered.Some employers who decide to offer coverage choose to pay the full premium, while others require employees to pay a portion.