On June 19th, 2018, the U.S. Department of Labor increased access to group health insurance for small businesses through an Executive Order allowing Association Health Plans (AHPs). The aim of AHPs is to allow small businesses to band together through chambers of commerce or other trade associations in order to obtain large group pricing.
These new options for small business group health insurance are part of the Administration’s Executive Order Promoting Healthcare Choice and Competition across the United States.
"President Trump is expanding affordable health coverage options for America’s small businesses and their employees. Many of our laws make healthcare coverage more expensive for small businesses than large companies. Association Health Plans are about more choice, more access, and more coverage."
- Secretary of Labor Alexander Acosta
How do Association Health Plans work?
Under the rules of the U.S. Department of Labor, Association Health Plans, are group health insurance policies that permit employers with less than 50 employees to join forces to providing employee benefits to their workforce. AHPs are basically designed to allow small employers to obtain large group pricing and underwriting advantages.
According to the new Executive Order, chambers of commerce and other trade associations are allowed to form AHPs based on common purpose, industry or geography. Also, for the very first time, sole-proprietors who do not have any other employees, are allowed to join AHPs along with their families. This will undoubtedly create a new option for many self-employed individuals to have access to quality, affordable group health insurance coverage and may encourage others to become entrepreneurs as well.
Can AHPs increase premiums depending on health conditions?
Association Health Plans are not able to exclude employers or their employees, nor charge different premium amounts to employees based on their health status. Under the new rules, small businesses will continue to enjoy the same consumer protections and anti-discrimination provisions of the Affordable Care Act.
Why choose Elevate Insurance as your Broker of Record?
Elevate Insurance works with hundreds of small businesses in Nevada and Idaho to assist them with their employee benefit needs. As a leader in group health insurance options for employers, we are currently an authorized insurance broker in Nevada for the Boulder City Chamber of Commerce, Henderson Chamber of Commerce and the Latin Chamber of Commerce. Association Health Plans. All three of these plans offer up to a 24 month rate guarantee depending on time of enrollment.
Elevate Insurance currently has offices in Las Vegas, Nevada and Idaho Falls, Idaho. We proudly serve all of Nevada and Idaho focusing in the cities of Henderson, Las Vegas, and North Las Vegas, Nevada; and in Ammon, Blackfoot, Idaho Falls, Meridian and Rigby, Idaho.
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