Updated August 30, 2019
In a 2018 profile, the U.S. Small Business Administration reported that Arizona had 1 million citizens employed by small businesses, which made up 44.5% of the private workforce. Although these numbers account for businesses larger than what is considered a small business for health insurance purposes, it is still a significant amount. And in fact, the same profile on Arizona small businesses found that in 2015, small businesses created 39,570 jobs, and firms employing fewer than 20 employees experienced the largest gains, adding an additional 22,287 jobs to the small business industry.
So what does this mean for small business health insurance in Arizona?
It means that many people are probably relying on getting group health insurance through their small business employer, making this type of insurance very important in Arizona.
According to HealthCoverageGuide.org, health insurance companies recognize a “small employer” (or small business) as a business with 2-50 full-time employees. This might surprise some people, because it means a sole-proprietorship with just one other employee, or a partnership with no employees can benefit from what small business health insurance in Arizona has to offer.Whether you have 1 full-time equivalent employee, or 50, there are plenty of ways that small business health insurance in Arizona benefits everyone covered under you group health plan.
There are benefits to Arizona small group plans for both employers and employees. Some of these include:
Similar to individual and family health insurance, small group health coverage has different plan types to choose from. Some of the most popular types include:
There are plenty of more options to choose from, which you will see while shopping, and eHealth will always provide you with plan information while shopping for small group health insurance. There are also metal levels for different plans, which you can read more about here.
If you’re looking to find group coverage in the state of Arizona, look no further than eHealth. Visit our small business page to find plans in your area, and get free quotes on coverage from several different providers.
This article is for general information and may not be updated after publication. Consult your own tax, accounting, or legal advisor instead of relying on this article as tax, accounting, or legal advice.