Employers and Individual Coverage


Can an employer pay for individual policies for their employees?  Many small to mid size companies have asked this question.  Depending on the size of the company or the participation in the plan, individual policies may make more sense than a traditional group plan.

Employers may not pay the premium for individual coverage.  The Dept. of Labor FAQ can be found here.

However, looking at whether individual or group plans are better for your business is a valid question.  We encourage our clients to look at the value that the plan is bringing – is it enabling you to out-compete your competition for good talent?  Do you retain employees better and reduce the cost of training new employees?

Please let us know if you’re interested in evaluating the value that your plan is bringing to your business.