Florida small business owners with 2 to 50 employees can purchase group health insurance that is often more affordable than individual ACA marketplace plans.
Any business with 2 to 50 full-time equivalent employees can purchase a small group plan. Group plans cannot deny coverage based on pre-existing conditions.
The Individual Coverage Health Reimbursement Arrangement (ICHRA) allows Florida employers to reimburse employees tax-free for individual health insurance premiums instead of offering a traditional group plan.
Florida small group carriers include Florida Blue, UnitedHealthcare, Aetna, Cigna, Humana, and Ambetter. Plan types include HMO, PPO, POS, and HDHP with HSA.
Florida requires a minimum of 2 full-time equivalent employees to qualify for a small group plan. The maximum is 50 FTEs.
Generally no. A sole proprietor without W-2 employees cannot purchase a small group plan. However, if they pay themselves W-2 wages and employ at least one other person, they may qualify.
An ICHRA lets employers reimburse employees tax-free for individual health insurance premiums. Employees choose their own plan. Employers set a monthly allowance.
Small group premiums average $400 to $700/month per employee for a Silver-level plan. Employer contribution is typically 50 to 75% of the employee-only premium.
No. You cannot offer a traditional group plan and an ICHRA to the same class of employees. However, you can offer different options to different classes.
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