Small Business Group Health Insurance Plans in Texas

Texas laws define a small business as an organization with two to 50 employees. If you decide to offer health insurance, you have to make it an option for your employees that work over 30 hours each week. You’ll also have to offer coverage for their dependents at an additional cost to your employees. You don’t have to pay your employee’s health insurance premiums. The insurance company you choose could require you to pay around 50% of their premiums.

Group health insurance means it provides coverage for a group of people, such as you and your employees. Individuals can’t apply for group health insurance plans. Only groups can. Not everyone in the group has to accept the health insurance coverage you offer. Keep in mind that most group health insurance plans will require at least 70% of your members to accept the coverage before they will issue a plan.

The people in the small group need to share a commonality other than desiring or needing health insurance. This can include the group members all working for the same employer.

Most self-employed individuals can only access health insurance through the healthcare marketplace. You can apply for health insurance through this option during open enrollment in the latter part of the year. You might be able to get an insurance policy at other times during the year if you have a qualifying life event. Private insurance is another option for self-employed individuals. These types of plans are often available throughout the year instead of at a specific time. You could also explore a short-term health insurance policy to bridge the gap before open enrollment.