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Virginia Small Business Health Insurance

Virginia is a beautiful state, full of natural and historical wonders. It is also full of small businesses. In 2004, approximately 97.8% of the businesses in Virginia employed fewer than fifty workers. Of these companies, less than half offered their employees health insurance.

With health costs continuing to rise, it is no wonder that small business employers are finding it difficult to invest in health coverage. Fortunately, state legislation has stepped in to assist the small business owner by introducing the Health Savings Account, a high deductible, consumer-driven health plan that an employer’s contributions to a group health plan. In addition, insurance carriers are also hard at work to lower the premiums that small employers must pay while still offering decent health insurance options, in accordance with the state’s insurance regulations.

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Featured Virginia Small Business Health Insurance Providers

• Anthem BlueCross BlueShield of Virginia
  
  
• CareFirst BlueCross BlueShield
  
  
• Kaiser Permanente of the Mid-Atlantic
  
  
• United HealthCare
  
  

In addition, if you are looking for information on Individual or Family Plans in Virginia, products are available from the following:

• Aetna
  
  
• Antehem BlueCross BlueShield of Virginia
  
  
• CareFirst BlueCross BlueShield
  
  
• Golden Rule
  
  
• Kaiser Permanente of the Mid-Atlantic
  
  
• UNICARE
  

Virginia’s 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 small business employees access to two standardized plans. For those who choose these plans, insurance carriers are limited as to how high premiums may be due to age, health status or other characteristics. Non-standard plans are also available.

• Carriers covering small businesses can vary group premiums due to health status, risk and other demographic factors. Although Virginia law does not limit the annual increase or difference in premium, usually amounts differ by a small percentage.

• The self-employed worker cannot enroll in a group plan. Those who enroll in an individual policy can deduct from 70-90% of the cost of their premiums on their federal return.

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