Iowa’s Individual Market Is Collapsing
Wellmark and Aetna both announced this month that they will no longer be offering health insurance on the individual market in 2018. Those who were insured with these carriers, with plans that originated after 2014, have a distinct possibility of having no options for health insurance in the upcoming year.
How Can You Help Your Employees?
Wellmark offers health insurance plans to small businesses with as few as ONE employee. By offering health insurance through your company you can ensure that your employees will have access to coverage today and in the upcoming year.
How Much Do Employee Benefits Cost?
Employers with less than 50 employees are not required to contribute towards the employees health insurance premiums. The small group market premiums are typically 15 to 20% less than the individual market and can be deducted pre-tax increasing the savings.