How NJ Small Business Health Insurance Companies Offer Low-Cost Health Insurance

coverage, he or she will also pay per month to keep that coverage. The health insurance company cannot charge any employee a different premium amount and must offer the same coverage to all employees for the same price. Two stipulations with NJ Small Business Health insurance regulations state that a health insurance company can deny coverage if a minimum number of employees do not choose to receive coverage. For example, an insurance company can stipulate that a small business with 40 employees must have at least half sign up for coverage or the company does not provide coverage. This means that if only 19 employees from a small business with 40 employees’ signs up for coverage, the insurance company can deny coverage to all employees until the minimum number signs up. The second stipulation is that the insurance company has the right to decide whether a business must match employee premium contributions.

For example, if an employee has deducted from his or her paycheck each pay period, the health insurance company can stipulate that the employer must pay the same amount each pay period to help cover the employee’s health care costs. In many cases, this type of matching contributions is what helps keep the health care premium costs down. The laws and regulations that help regulate what NJ Small Business Health insurance companies can and cannot do are there to help protect both the employer and employees. While many of the stipulations may not seem fair,