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Hawaii Small Business Group Plans

According to the Hawaii small business profile, 96.8 percent of total firms were small firms as of 2004.  Women also represent roughly 41.4 percent of the self-employed in Hawaii. Health Plan One can help you business find plans Humana Health Insurance.  Enter your zip code above and select “Small Business Group” to find a quote in your area.

Humana offers the Employee Assistance Program (EAP) to small businesses in Colorado.  This assistance program offers 24/7 access to speak with a representative on the telephone, and in some plans provide face-to-face assessments along with face-to-face short counseling sessions to the employee.  The numbers of visits per year per unique issue vary by plan.

For more information about Humana, visit our Humana Healthcare page.

Providing health insurance through your small business can be very confusing.  To qualify for a small business group plan, the company must insure at least 50% of all their employees, though 75% is preferred.  Two to 50 full-time employees are considered a small business in Hawaii, and full-time employees are considered those who work more than 25-30 hours per week.

In today’s economy, providing health insurance for employees can seem costly and inefficient, and because of rising costs, employers may feel that they are unable to afford insurance for their workers.  This is a common feeling among many small business owners however there are benefits to providing small business group insurance.

Providing a health insurance plan for your employees can create a friendly, working relationship and can maintain and retain highly-qualified employees and decrease employee-turnover which will then increase profits for your business.

When the employer decides to apply for small business group insurance, communicating with their employees beforehand is very important.  The goal is to find out what employees want out of their health insurance and what kind of health history the employees have had.  Underwriting is allowed in the state of Hawaii.  Therefore, in the case of an individual beneficiary where premiums can increase based on previous health history or current habits that affect their health, such as smoking, with group plans, there is one flat monthly premium rate.

Premiums are tax-deductible as well, so finding out what health plan after doing the appropriate research is important as the amount of tax credit the company receives depends on how much they spend on employee health insurance.

Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs) and Point of Service Organizations (POS) are the three most common plans that employers choose for their company.  HMOs are the most affordable option out of the three, because it requires employees to choose in-network providers such as primary care physicians, specialists and hospitals.  PPO plans however, offer the employees to keep their family doctors or specialists that they are more comfortable with that happen to not be in the network of the carrier the employer chose at a higher deductible cost.  POS plans are the most flexible for employees while also the most costly of deductibles and premiums.

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