March 27, 2024 By Bob Viñal

Can My Family Business Get Group Health Benefits?


If you're a family business owner, you may be curious to know if your company qualifies for group health benefits. The answer is yes, but the process and eligibility criteria can vary depending on several factors.

Group health insurance is typically offered to businesses with employees.  Even if your family business consists only of you and your spouse, you may still be able to qualify for some group health plans (contact us for more information).

However, if your family business has at least one employee who is not your spouse, you may be eligible to offer group health benefits to all employees, including your family members. This can provide valuable healthcare coverage to your workforce while also ensuring that you and your family members are covered under the same plan.

How Many People Does Your Business Employ?

To qualify for group health benefits, your family business must meet certain eligibility criteria set by insurance providers. These criteria often include having a minimum number of employees, typically ranging from 2 to 50 employees, depending on the insurance carrier.

Some insurance providers may require your family business to meet certain financial criteria, such as generating a minimum level of revenue or being in operation for a specified period. These requirements help insurance providers assess the stability and viability of your business and its ability to contribute to the cost of health insurance premiums.

Group Benefit Plans and Options Differ

Once you determine that your family business meets the eligibility criteria for group health benefits, you can explore different insurance options and plans offered by insurance providers. Group health insurance plans typically offer comprehensive coverage for medical services, prescription drugs, preventive care, and more, providing valuable protection for your employees and their families.

When selecting a group health insurance plan for your family business, consider factors such as coverage options, premiums, deductibles, copayments, and network providers. Compare multiple plans to find the one that best meets the needs of your employees and fits within your budget.

Yes, in many cases, your family business can qualify for group health benefits, but eligibility criteria and plan options may vary depending on factors such as the number of employees and your business's financial status. By exploring your options and selecting the right insurance plan, you can provide valuable healthcare coverage to your employees and their families while also ensuring that your own family members are covered under the same plan.

Call us at Bay Area Health Insurance to discuss your health insurance needs, and we can help you determine your eligibility for a group plan. 

About Author

Bob Viñal

Bob Viñal has been working in the insurance industry for more than 30 years, handling everything from plan design to claims and rating structures.

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