Small Business Coalitions of Texas |
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P.O. Box 116994
Carrollton, TX 75011-6994
Office:972-306-1966
Toll Free:800-861-8188
Fax:972-306-4037
Which Best Describes You?
Small Business
Insurance Agent
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Small businesses have two disadvantages when purchasing group health insurance:
1. Size of the group
In addition to the cost of health insurance small businesses, those with less than 20 employees, are allowed by the Texas Insurance Code to be charged up to an additional 20% due to the increased administrative cost to the insurance company.
2. Health conditions in the small business
A small business does not have enough employees to spread the additional cost an insurance company charges due to pre-existing health conditions in a small business . In addition to the cost of health insurance small businesses are allowed to be charged up to an additional 67% by the Texas Insurance Code due to the increased administrative cost to the insurance company.
The result of these two factors may result in your company’s health insurance costs to be the standard cost of the health insurance + 87%
By joining a coalition you will be able to eliminate the 20% rate up due to the size of your company and spread the cost of pre-existing conditions among a much larger group of people. The average results for small companies has been a 35% savings by purchasing health coverage through a coalition rather than as a stand alone company. For more information contact us.
Small Business Coalitions of Texas, a website, is not an insurance agency or carrier and does not provide insurance products. Small Business Coalitions of Texas is a nonprofit corporation.
Information provided on this website is provided for informational purposes only concerning small employer health coalitions as provided for in the Texas Insurance Code Art. 26.14. Private Purchasing Cooperatives and Health Group Cooperatives.
Health plans provided to Small Employer Health Coalition plans are available only through carriers authorized to operate in Texas by the Texas Department of Insurance and sold only through licensed Texas Insurance agents.; All material and information on this site is subject to change based on the final determination of the application of HB897 by the Texas Department of Insurance and its regulatory staff.
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