Florida Health Insurance for Small Businesses

Small business owners find a lot of benefits in the state of Florida besides year-round warmth and white, sandy beaches. The state is very prolific for small businesses. Now, the state legislature is planning to make it even more so. In November 2002 they introduced legislation that will both expand the number of available health plans and make it more affordable. Since over one million Floridians are covered with small group health insurance, these new options will pay off immensely, saving small employers as much as 40% in premium costs.

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Florida's Policies on Small Business Insurance

There are many Florida regulations for small businesses searching for health insurance. Guaranteed renewability is in effect, so insurance carriers must offer small employers (2-50 employees) the same coverage they offer to other small businesses. They also cannot cancel a plan for any reason other than fraud. The medical condition of the members of a group policy cannot be a factor in ending coverage.

Small businesses in Florida are guaranteed coverage that includes all of their employees without regards to their age and/or health, though prices may vary. This allows small companies to compete with larger corporations more effectively. Those who are self-employed cannot enroll in group coverage, but they can deduct 100% of what they pay in premiums when they file their yearly taxes.

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