Forming a group for insurance

A: Yes, it is possible if the employer is willing to provide the documentation and perform administrative tasks required by group health insurance companies. Your question is based on the unstated premise that group health insurance is a better deal than individual health insurance. This is true for a relatively few number of employees but it is not true for the majority of employees. An "average" worker can find individual health insurance that is more attractive on a cost/benefit perspective if the employee is paying the cost. Group health insurance is great for its guaranteed issue provisions and all-encompassing coverage, but the average cost per covered employee is more than twice the cost of the average individual health insurance. But assuming that you do want to go this route, the best way is to first have the employer establish a flexible spending account benefit plan. This allows employees to voluntarily set aside pre-tax money to be used to pay for the health insurance premium. Any available health insurance may be used. Group insurance policies have eligibility and participation requirements that vary widely, so it is not possible to make a pre-determination as to whether your group will qualify for a specific insurance policy. The key issue is to reconcile the firm's UC2 report (Quarterly state unemployment tax return) with the group applying for health insurance. Benefits professionals are able to assist with this task.