A quality benefits package should always include group health insurance. Despite the importance of this type of business insurance, many business owners in New Jersey find it difficult to get the plans they need at prices they can afford. Fortunately, NorthEast Insurance Services is here to help. Based in Englishtown, New Jersey, they understand the complex world of insurance and how to make it work for your business. Here, they discuss three important things to know about group health insurance in the Garden State:
- You Need At Least Two Eligible Employees: One of the first steps to qualify for group health insurance is a staff of at least two employees who are eligible for coverage. There are specific rules dictating eligibility, but, in general, an employee in New Jersey who works full time and has a regular working week of 25 or more hours qualifies. NorthEast Insurance Services will verify that your eligibility requirements are in place in order to find the best group health insurance policies for your situation.
- The ACA has Changed Insurance: The Affordable Care Act (ACA) has made health insurance accessible to millions of Americans who would not have previously had access. But it has come with its own set of specific regulations and rules. For instance, the ACA has established different parameters for small businesses and the group health insurance coverage they can hold. NorthEast Insurance Services will make sure you understand how the ACA has impacted your health insurance choices.
- Essential Health Benefits Must Be Included: Essential Health Benefits (EHB) are defined by the ACA to ensure that basic health care services are available to those insured under your group health insurance plan. There are many options that must be included as EHBs. Among them are emergency services, prescription drugs, mental health services, and laboratory testing.
By providing an appealing group insurance plan, you can attract — and retain — the employees your business deserves. To learn more about plans available contact Laura Mount, NorthEast Insurance Services, (732) 972-1771 x111. You can also visit them online to learn more about group health insurance and other types of business insurance offered by the company, including technology business insurance.