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Iowa Small Business Group Plans

According to the Iowa small business profile, 97.5 percent of total firms were small firms as of 2004.  Women also represent roughly 36 percent of the self-employed in Iowa Health Plan One can help you business find plans under Humana and Golden Rule.  Enter your zip code above and select “Small Business Group” to find a quote in your area.

To qualify for small business health insurance, your small business must have between two and 50 employees who work at least 30 hours a week to be considered full-time.  Seasonal employees are not allowed in this health insurance plan.  In addition, at least 50 percent of employees in the small business must be included in the group plan.  Underwriting is allowed in Iowa, so speaking to your employees before choosing a group health insurance plan is important to find out the health history of all employees and want they want out of an insurance plan.  Underwriting in a small business means that instead of premiums increasing on an individual basis based on personal health history, there is one flat rate charged to the premium when taking into account the health history of all employees.

Health Maintenance Organizations (HMOs) are the least expensive option for employers.  This is usually the case because HMO plans do not allow employees to go out of network for primary care, specialist care, or hospitals.  Each carrier has a network of health care providers in which they highly recommend for their members to use.  Employees are sometimes not satisfied with this option because they might already have a family doctor or a specialist they are comfortable with.  Preferred Provider Organization (PPO) plans fix this problem, by allowing employees to see health care providers out of the carrier’s network at a higher price.

Providing health insurance for your small business may seem like a large financial responsibility, however there are benefits to giving your employees that incentive.  For one thing, employee turnover rate decreases, and the business is able to retain and hire your best employees, producing profit for your benefit.  Other benefits include less sick days taken by your employees because preventive care is now insured. 

According to a UnitedHealthcare survey and analysis, after the insurance of employees with consumer-driven health plans (Health Savings Accounts), there was a 22 percent decrease in hospitalization and a 14 percent decrease in emergency room visits.  Health Savings Accounts (HSA) encourage employees to manage their health care money and take responsibility for their health by living a healthier lifestyle.  They have been in the market since 2003 and follow the employee whether they switch jobs or they move to a different state.

For more information about UnitedHealthOne insurance rates, visit our Golden Rule Health Insurance page.

Anthem Health Insurance offers EmployerAccess, which provides 24/7 access for employers to add, update and edit their employee’s accounts while viewing their benefits and allowing them to pay bills online.

For more information about Anthem’s insurance rates, visit our Anthem Health Insurance page.

Call 877-567-5267 to speak with our trained health insurance specialists and receive a quote.