In Oklahoma, you can qualify for small group health insurance with as few as two employees. This can include the owner, but generally doesn't include the spouse or business partner. The other employee(s) must be W2 and work a minimum of 30 hours per week. Our team can help you understand the specific requirements based on your location and business structure.

The cost of small business health insurance varies based on several factors, including your location, the size of your group, employee demographics, plan design, and carrier. On average, employers contribute 70-80% of the premium for employee coverage, with employees paying the remainder. Our team can provide you with specific quotes based on your business's unique situation.

Businesses with fewer than 50 full-time equivalent employees are not legally required to offer health insurance. However, providing health benefits can give your business a competitive advantage in attracting and retaining talent.

Level-funded health plans are a hybrid between fully-insured and self-funded plans. With level funding, you pay a consistent monthly premium (like traditional insurance), but a portion of that payment goes into a claims fund for your employees. If claims are lower than expected, you may receive a refund at the end of the year. These plans often offer more flexibility in plan design and potential cost savings for groups with healthier employees.

You can create different classes of employees (such as full-time vs. part-time, or by job category) and offer different benefits to these classes, as long as the distinction is based on legitimate business classifications and not health factors. Our team can help you design a compliant benefit strategy that meets your business needs.