More Affordable Health Insurance (Fall 2019)
Federal legislation was passed to expand the availability of health coverage for employees of America's small businesses.
Employers can now join the Chamber and purchase major carrier health coverage under a small business health plan. The Chamber negotiates better premiums for its members while leveling the playing field by giving members the advantages currently enjoyed by larger employers and unions.
A Health Care Victory for Small Businesses
There is good news at last for the millions of small businesses nationwide that have struggled to find affordable health insurance. A new federal rule expands Association Health Plans (AHPs), which will allow small businesses to finally offer their employees the same type of coverage that large businesses have had for years.
Chambers Can Now Offer Insurance
AHPs are a way for small businesses and self-employed Americans to band together, to enroll in a single group health plan that will cover far more employees than a plan used by an individual small business. Under the rule, these companies and their employees will have additional choices for health coverage. Because AHPs will cover so many people, these plans will be governed by rules that apply to large group plans, which are far less prescriptive, allowing coverage to be significantly more affordable.
Small Business Requirements
To qualify for group insurance, at least one of the enrolled employees must be a W2 employee, who is not an owner nor an owner's spouse, who works at least 1 hour per week, for at least minimum wage