Go to Jeff Salisbury LWGate Home Page.From: <BeneFits@aol.com>
Subject: Re: Health Insurance for part time employees
Date: Mon, 20 Jul 1998 09:55:24 EDT
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In Vol 5, #34 Tonia Sams asks about offering Health Insurance to her two part
time employees.
First off let me say that health insurance is regulated by each State's
Insurance Department. Health Insurance products that are offered by Insurance
Companies look very different in New York or New Jersey or California or
Florida. When a small business owner wants to offer coverage to their
employees they first have to look at what products are available to employees
in the particular State inwhich the Business is based. Than they should try
to get some feeling as to whether the Insurance Companies are complying with
State and Federal laws about what aspects of products are being covered. Case
in point is the viagra pills that have been making the news lately.
In the case of Tonia you have to ask the insurance companies how they
interpret the laws about part time employees. Can they indeed be covered,
after how many hours of work is one considered to be 'full time' and does the
insurance company offer coverage that you can afford and/or want to give your
employees. Than you need to find out what would happen if you do offer
coverage to your employees but they can't or won't take the coverage unless
you pay 100% of the premium.
If you were in New York and I was counciling you I would 1st have to tell
you that part timers cannot be covered by any group insurance program I know
of. My suggestion is to tell your part timers to go out and get
individual/family coverage as though they were not employed. As they pay the
premium each month they bring in the canceled check and you reimburse them
according to some percentage reimbursement you set up in a written contract
between you the employer and your employees.
Tonia I have to congratulate you for trying to be a benevolent employer. You
are a rare breed. Take a look in the local yellow pages under Insurance
Consultant to find a Health Insurance expert to help you research the products
in your State.
Good Luck
Richard Allen, CFP
The Employee Benefits Group
http://www.iix.com/ny/tebg
Your Business OWES You-
take advantage of your Business!
- -
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