Considering a Small Group Health Insurance Plan? Now’s the Time to Act

Special Enrollment Period for Small Businesses Waves Minimum Requirements Between November 15 and December 15Many small restaurant owners want to offer their employees a health insurance option but can’t always contribute to the premium or meet the requirements for minimum participation. In fact, according to this eHealth study, nearly 80 percent of small business owners say they worry about the cost of coverage and 61 percent say the cost of their small business coverage has limited their ability to award employee bonuses or offer raises.

Offering health insurance is one way to attract talent, but it can also help restaurant owners lower their own health insurance costs. Recent data show that the cost of small group health insurance for business owners may be lower than purchasing an individual plan. It can be more stable too. The same report found that while the cost of individual health insurance increased 18 percent between 2016 and 2017, the cost of small business coverage…