South Carolina Small Business Health Insurance

More and more South Carolina small businesses today are striving to offer health insurance to their employees, and more workers are demanding it as part of job security. In addition to providing health insurance to all employees, a move that benefits the organization and work climate, health insurance for small businesses is also a way to spread financial risk for health coverage. This approach of providing South Carolina Small Business health Insurance usually means lower premiums and more benefits than these same employees would get on their own from an individual health plan.

Health Insurance Options for Small Business in South Carolina

Small businesses in South Carolina exist in a friendly health insurance climate. All small businesses are eligible to purchase small group plans, and all South Carolina health insurance companies are required to offer a state standardized health insurance policy to any small business that applies. Also, those small businesses with between 2 and 50 employees are eligible for similar benefits that larger businesses can get. Unfortunately the self-employed and businesses of one are not eligible for small group insurance in South Carolina .

Health insurers in South Carolina can require a minimum enrollment number from small businesses who wish to apply. Each small business employer must, by state law, contribute a certain amount to employee premiums. Insurance carriers are permitted to charge small businesses more in health insurance, depending on the health risk of the group applying, but the state limits these premium increases. Once an employee of a small business in South Carolina is on a policy, the health insurance company cannot legally cancel a policyholder due to illness or risk.

There are other benefits of joining a small business policy. Employers can deduct contributions from their taxes and employees have less taken from their paychecks.

As long as a small business or non-profit has at least two full-time taxable employees, it can offer small group insurance to its employer and employees. If you are a small business owner or employee of a small business in South Carolina and want more information, you can visit the state regulatory web site, www.dhhs.state.sc.us/

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