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Louisiana Small Business Health Insurance

The aftermath of Katrina has left the entire state of Louisiana struggling. Resources that were being used to fund business projects and increase growth were funneled into disaster relief and a complete rebuilding of dreams. There is something good to be said about all of the destruction, however. It has brought businesses of all sizes together to start from scratch. The downside to this restructuring will affect both small employers and their workers.

In 2003, small business owners contributed $2,684 million to single employee insurance plans. With no extra revenue to invest, current business owners are looking for help from the state. It remains to be seen how Louisiana will address this issue, but in the meantime, consumer-driven health plans remain an option to help employers lower costs. In addition, insurance carriers are working hard to help employers find plans that are affordable and comprehensive, in accordance with the state's insurance regulations.

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Featured Louisiana Small Business Health Insurance Providers

If you are looking for information on Individual or Family Plans in Louisiana, products are available from the following:

• BlueCross BlueShield of Louisiana
  
  
• Celtic Insurance Company
  
  
• Humana
  
  
• Time Insurance Company

Louisiana’s Small Business Health Insurance Regulations

• Guaranteed issue and renewability is in effect; insurance carriers must offer employers of 2-50 workers the same health plans they offer other small businesses, and cannot cancel a plan due to the health status of a group member. Minimum contribution or enrollment clauses may be in effect.
  
  
• Insurance carriers do not have to offer a standardized health plan.
  
  
• Insurance carriers can impose a higher premium due to a group's health status or demographic characteristics. For small businesses with 3-35 employees, a limit is imposed as to how much these premiums can vary from the standard. For groups of less than three or more than 35, these limits don't apply.
  
  
• Regardless of size, a group's premiums cannot vary based on genetic information without a proper diagnosis.
  
  
• Self-employed workers with no employees cannot enroll in a group plan. However, they can claim from 70-90% of their premium costs as deductions on their federal return.

Request a free online quote for more information on Small Business solutions in Louisiana >>