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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

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Basic health insurance for smal business

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email

Q: How do I get a quote on Basic Health Insurance for my small business and when do benefits begin?

A: The price sheet along with enrollment forms can actually be downloaded from under the section titled “Employer Sponsored Plans”. There is no need to wait for a quote from the insurer. One employer application form is submitted by the employer and one enrollment form is used for each participating employee. Participation is voluntary and coverage may be paid by either the employee of the employee. Both of these forms are also available at the same location. Coverage begins on the first day of the month after the completed application and initial payment are received. There are no medical requirements, so you can be assured that all employees will be approved. Certificates of coverage are usually mailed within 10 days after application. Any number of employees may obtain coverage but remember that the group rates listed assume that three or more employees will enroll and payment will be made in one employer check. If one or two employees want to enroll separately then the cost is 10% higher to cover the additional billing requirement. This is one of the least expensive group health insurance plans available and is therefore a popular “starter” benefit for small businesses, but the benefits are limited. Ideally, this coverage should be combined with other individual or group catastrophic insurance to cover deductibles and out-of-pocket expenses. This policy is a popular substitute for AFLAC; this plan provides only medical insurance benefits so the cost is lower. The cash benefits are paid regardless of other overlapping insurance coverage.


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