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North Dakota Small Business Health Insurance

North Dakota isn't a state one normally thinks of when talking big business and consumer marketing. But, with an entire state population less than that of a moderate sized metropolitan area, North Dakota small businesses don't need to worry about over-saturating the market. Add to that the lowest workers compensation premiums in the country, and North Dakota appears to be ideal. However, appearances can be deceiving.

Though North Dakota does have a favorable atmosphere for business, rising health costs have made small employers choose between offering quality healthcare to their employees or paying utility costs. In 2003, only 34.9% of small business employers in North Dakota offered health insurance. Fortunately, times are changing. With the advent of the Health Savings Accounts, small employers can again see the light, as health care is put more into the hands of the employees. Insurance carriers are hard at work as well, introducing group plans that are affordable and comprehensive and in accordance with the state's insurance regulations.

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Featured North Dakota Small Business Health Insurance Providers

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

• Time Insurance Company
  

North Dakota’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.
  
  
• Insurance carriers have to offer one standardized and one basic health plan to their enrolled groups.
  
  
• Insurance carriers covering small businesses can very group premiums due to health, demographic characteristics or risk of the enrolled group. For small businesses with 2-25 employees, this premium difference is limited. Those employers with more than 25 employees are not afforded that limitation.
  
  
• The self-employed worker with no employees cannot enroll in a group plan. They are eligible, however, to deduct between 70-90% of their individual policy premiums on their tax return.

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