Small Business coverage in Virginia is becoming more
affordable every day. There are 19 providers for small business/group health
insurance in the state. Enter your zip code above and select “Small Business
Group” to find a quote in your area.
In order to qualify for group insurance there are a few
requirements that must be met. The business size must only be between two and
50 individuals. This number, however, is only based on those employees who are
eligible for medical coverage. Full time employees, not seasonal or
contractual, may be counted towards the state’s small business health
As a working individual it’s important to know what the best
plans are for you. There are three main small business plans that are Health
Managed Organizations (HMO), Preferred Provider Organizations (PPO), and Point
of Service (POS).
HMO plans allow you to only receive benefits that are in
your specified network. If you go outside this network, you will not receive
any benefits. However, the plan does offer small copayments with no deductibles
meaning premium rates are low as well.
A PPO plan, other the other hand, offers a little more
flexibility. For example, if you go out of the network you’ll still be under
some of your benefits as long as you have a referral. The cost of a PPO is
similar to an HMO with the exception of paying a deductible. If you are looking
for a less expensive premium you can increase your deductible, which will
ultimately lower the cost of your plan.
Virginia’s POS plan uses both a coinsurance and a deductible
for group coverage. The plan allows you to have more control over your coverage
as there are no restrictions in terms of networks. You may see any doctor you
want as long as you receive a referral.
Virginia’s continuous coverage plan gives benefits to those
groups with 20 or more employees. Regulated by COBRA, the plan provides an 18
month extension to those who were previously under a group health plan. For
those groups with less than 20 individuals, you may be provided with an additional
six months, assuming you had been under the plan for an additional six months
prior to termination.
To learn more about group health plans in the state of
Virginia call 877-567-5267