Health Insurance Basics

The Basics of Business Health Insurance

There are a few important points about small business health insurance and the way it works:
  • In sickness and in health, through small group insurance you are covered. That is called Guaranteed Issue.
  • You do need at least one W-2 employee
  • The employer has to contribute towards the cost of the plan
  • You can shop for coverage at any time of year

How much is this going to cost me and my company?

In many cases getting small business health insurance can be less costly than buying individual coverage.

At minimum an employer must contribute a minimum of 50% towards the monthly premium. The nationwide average for a single employee’s annual premium is around $6,200. When considering the 50% split the monthly cost to the employer is around $258.00
​That’s an average. To get a general idea of what it will cost for your company, CAKE can help.

How do I go about getting a business insurance quote?

  • By law you’ll pay the same price for the same plan no matter who sells it to you
  • Shopping around is the only way to save you money. We do that for you and show you the results
  • The more details we get from you the more accurate your quotes will come in. We’ll help
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Westlake Village, CA 91362​​​
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