Why do I need to include the names of eligible employees who do not want insurance?
You should enter ALL eligible employees, regardless of whether or not they plan to utilize the insurance you offer because the total group size is often a factor in determining your eligibility for certain plans. A general rule of thumb is that a higher number of eligible employees almost always partners with a wider selection and more flexibility in your choice of plans.
Group Insurance FAQS for Employers
- At what point do I have to decide on the percentage of the employer contribution?
- Can I make changes to a group health insurance plan that I’ve already purchased?
- Can I still get a quote even if I don’t have all the requested information about my employees?
- How are costs split between the employer and the employee?
- If I haven’t completed the application process yet, but I want to change my current plan, what should I do?
- Is there a reason I should change the employer contribution level?
- Is there any obligation for me to buy an insurance plan once I have applied?
- What is considered a qualifying event?
- When will my group’s costs be finalized?
- Why do I need to include the names of eligible employees who do not want insurance?