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Maryland Small Business Group Plans

According to the Maryland small business profile, 97.6 percent of total firms were small firms as of 2004.  Women also represent roughly 32.9 percent of the self-employed in Maine. Health Plan One can help your business find plans under Aetna Health Insurance and Golden Rule.  Enter your zip code above and select “Small Business Group” to find a quote in your area.

To qualify for a small business plan in Maryland, your company must have between two and 50 full time employees.  Full-time employees are characterized as those who work at least 30 hours per week and who work non-seasonal.  Also, at least 50 percent of the company must be insured under the group plan.  In the state of Maryland, medical underwriting is legal.  Medical underwriting for a small business means that each employee’s health history is taken into consideration to provide one flat rate monthly premium for the group plan, instead of increasing the monthly rate by various amounts for each individual.  Therefore, it is recommended that employers should speak to their employees to understand their health background and asses their needs when finding a health insurance plan.  Monthly premium rates for small group plans are tax deductible for the small business, so the amount the company gets back in tax-credit depends on the amount the company spends on group health insurance.

Aetna provides the Personal Health Records which allows employers to keep track of employee’s health history which includes a complete record of all medical claims.  For more information about Aetna’s plans and rates, visit our Aetna Health Insurance page.

Health Maintenance Organizations (HMO) are the most cost-effective plan for employers.  HMOs require that their members stay with-in the carrier’s network of doctors, specialists and hospitals.  While this means that there are lower deductibles and premiums, employees are sometimes not completely satisfied because their family doctors or specialists who they are comfortable with are not covered within the network.  Preferred Provider Organizations (PPO) allow employees to choose their health care providers at a higher cost.

Providing health insurance to your employees may seem like an expensive responsibility, however, there are benefits for your company.  Not only does providing a health insurance incentive to your employees create a happy working relationship, it also keeps them healthy and improves your business.  It has been found that providing employees with health insurance decreases employee turnover, and allows a company to maintain and retain high-qualified employees, increasing profits for your business.  Also, according to a UnitedHealthcare survey, employees who were insured by their company and had consumer-driven health plans (Health Savings Accounts) saw a 22 percent decrease in hospitalization and a 14 percent decrease in emergency room visits.

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

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