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utah group health insurance

Providing an employer-sponsored health plan to help employees pay for medical expenses is a key factor in attracting and retaining valuable talent. But health insurance can also be one of your company’s largest expenditures. Choosing the right insurance products to meet health care and fiscal needs is crucial. Fringe Benefit Analysts provides the personalized attention and professional experience to guide you and your employees through the process. We can help with small business health insurance quotes, value-added services and much more.

Group Health Insurance—Get the Answers

Whether you’re operating a new startup and searching for small business health insurance, or a large employer looking to improve your talent acquisition competitive advantage, we can design and manage a group health insurance package that meets your needs. You can rest assured that Fringe Benefit Analysts’ team of professionals is dedicated to our clients’ best interests. We help simplify benefits management, reduce costs, save time and, ultimately, make your job easier and your employees happier. Simply put, we are your large or small business health insurance broker. If you’re searching for small business health insurance in Utah, contact us today. And if you have any burning questions about how group health insurance works, we have the answers.

Fringe Benefit Analysts offers a comprehensive and competitive variety of group health insurance plans and health care products from leading insurance carriers in Utah and nationwide. We help to take the headache and worry out of selecting group health insurance, dental coverage, vision benefits, short- and long-term disability options and more. If you’re looking for a health insurance broker in Utah, look no further than Fringe Benefits Analysts.

Some of our Utah group health insurance partners include:
  • Altius Health Plans
  • Cigna
  • Humana
  • Regence Blue Cross/Blue Shield of Utah
  • Select Health
  • United Healthcare
Expert Compliance and Employee Advocate Assistance

It is essential to be in compliance with all Healthcare Reform laws to avoid costly fines and fees. We partner with companies to help employers understand, design and manage PPACA, COBRA, HIPAA and ERISA. As your Utah healthcare broker, we also act as your employees’ advocate with insurance carriers regarding claims resolutions, ID card errors, enrollment issues, appeals, provider locations, and billing problems.

Utah Small Business Health Insurance FAQs

What is Group Health Insurance?

Group health insurance helps employees pay for health care expenses. It is also commonly referred to as employer-sponsored group health insurance, as the employer shoulders some of the expense of the premiums with its employees.

How Does Group Health Insurance Work?

Group health insurance can only be purchased by groups, not individuals. Businesses and organizations may enroll in group health insurance at any time of the year and then offer those benefits to eligible employees or members. Participants can either accept or decline what’s offered and then choose from among various types of additional insurance products offered, such as vision, dental and others. Group plans typically reduce the cost of health insurance—as the risk to the insurer is spread across multiple eligible members of the organization.

While each group health insurance plan’s coverage, premiums and other components vary, most share some basic defining characteristics.

  • Require a 70% participation rate to be valid
  • Eligible members have the choice of enrolling in or declining coverage
  • The company and its employees share the premiums
  • Employees or members of the organization may add family members and dependents to their plan for an additional cost

A business must have at least one full-time, or full-time-equivalent, employee to enroll in a group health insurance plan. Small businesses with less than 50 employees are not required to offer health insurance. However, larger employers, those with more than 50 full-time employees, must offer group health insurance.

What are the Advantages of Group Health Insurance?

Both businesses and individuals receive unique advantages from offering and participating in group health insurance plans.

Advantages for Businesses

  • Money paid toward employees’ monthly premiums may be tax deductible
  • Eligible small businesses may qualify for valuable tax credits
  • Available group health insurance benefits can help with recruitment efforts

Advantages for Individuals

  • Typically less expensive than individual health plans
  • Premiums are typically paid pre-tax, meaning taxable income may be reduced
  • Group health insurance typically provides better access to care than individual health plans at the same cost

How Many Employees do you Need for Small Business Health Insurance?

To qualify for small business health insurance, a business needs between one and 50 full-time, or full-time-equivalent, employees (those who work at least 30 hours per week). It’s important to note that owners are not considered employees. Therefore, sole proprietors will not qualify, unless they have at least one employee. Additionally, in order to qualify for small business health insurance, the other employee may not be:

  • The spouse of the owner
  • Family member of the owner
  • A partner of the owner
  • A contractor of the owner
  • A seasonal worker hired on a temporary basis, even if they work full-time during that period 

Those businesses that have more than 50 full-time, or full-time-equivalent, employees will need to apply for large group coverage.

How Does a Small Business Get Health Insurance for Employees?

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