Using its Covered California for Small Business (CCSB) program, Covered California helps small business owners provide medical coverage for their employees. The knowledgeable agents at Diamond Insurance Solutions are ready to show you the key ways it helps:
Variety of Plans
Covered California provides access to group help plans. Utilizing various carriers, the program can provide a variety of plans, allowing business owners to select the plan that best fits their budget and their employees’ needs.
Covered California divides the plans into four tiers: Bronze, Silver, Gold, and Platinum. This makes it easier for businesses to compare and choose.
Tax Credit
Covered California provides business owners with a tax credit called the Small Business Health Care Tax Credit. This tax credit is for small businesses with fewer than 25 full-time equivalent employees and average annual wages below a certain threshold. This credit can cover up to 50% of the employer’s contribution to employee premiums, making it more affordable to provide health insurance.
More Choices
Covered California gives employees more excellent choices. Each tier has a range of plans, which gives the employee more flexibility in picking the coverage that best suits their needs and those of their families.
Portable Coverage
Covered California coverage is portable. This allows employees to retain their health insurance even if they move to another job, provided the new employer also utilizes CCSB.
Contribution Flexibility
Covered California offers employer contribution flexibility. This means employers are not required to contribute a specific amount to employee premiums, and they can contribute as much as they like.
Year-Round Enrollment
Covered California offers year-round enrollment. This allows small businesses to enroll in health plans throughout the year without waiting for open enrollment.
Additional Benefits
Additional benefits, such as wellness programs, preventive care services, and discounts on health-related products and services, may also be available.
Covered California strives to support small businesses in providing quality health insurance to their employees, promoting a healthier workforce, and enhancing employee satisfaction and retention.