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Small Business Healthcare Can be confusing.
Let us navigate it for you.
Finding suitable Medical Insurance for Small Business owners has never been easier. With the CBC Health Insurance Marketplace for Costco Members, you can access a selection of affordable Small Business Medical Insurance Plans from trusted carriers. Our Healthcare Ambassadors provide personalized recommendations and guide you through the application and enrollment process. Enjoy a hassle-free experience and peace of mind, knowing you are making the best choice for your business.
Shop & Compare
Easily compare and apply for your group's benefits.- Real-time Quotes: Get instant quotes for your business.
- Eligibility: Available for 2-100 employees in CA, CO, and VT, and 2-50 in all other states.
- Costco Members: Have access to customized products exclusively for Costco members.
Choice
We offer a wide range of coverage types and carriers for your business.- Comprehensive Coverage: Get health, dental, vision, and more.
- Cost-effective Solutions: Save money with our budget-friendly options.
- Simplified Administration: Access all your benefits easily in one place.
Healthcare Ambassadors
Your dedicated support for all healthcare needs.-
Quotes and Enrollment:
Get help obtaining quotes and completing the enrollment. - Provider & Prescription Guidance: Assistance with healthcare providers and prescription drugs.
- Renewal Assistance: Guidance and support during the renewal process.
Small Business Health Insurance
Here's What You Need to KnowSmall business health insurance operates by offering coverage to employees of small businesses through group health insurance plans. Here's a breakdown: |
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Benefits of the CBC Health Insurance Marketplace for Costco Members
Dedicated Support:
Whether managing claims or handling billing inquiries, we offer expert assistance tailored to your needs.Costco Member Value
Our value proposition includes real-time quoting, budgeting tools, and exclusive plan options.Empowering Your Choices:
Access comprehensive tools for transparent, unbiased health plan selection, perfectly aligning with your needs and preferences.We work with the top insurance carriers to help you get the best coverage for the best price:
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Health Insurance
Our offerings include HMO, PPO, POS plans, level-funded medical plans, prescription drug coverage, and ICHRA plans.
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Dental Insurance
Offers customized Ameritas plans, DHMO and PPO dental plans, and voluntary dental plans, with options to select annual maximums and deductibles, along with orthodontia coverage.
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Vision Insurance
Features include customized Ameritas plans, PPO vision plans, annual eye exams, frames and lens coverage, and options to choose copays and frame allowances, including a Lasik discount.
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Level Funded Advantage
Provides medical and prescription coverage exclusively for Costco Members, rewards for healthy habits, employer-funded small claims payment, and premium refunds for healthy plan years, with PPO network options.
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Life & Disability Insurance
Includes coverage for employees and dependents, AD&D coverage for accidents, Short-Term and Long-Term Disability plans, income protection, with options for employer-paid and voluntary plans, and flexibility to add to the benefit plan anytime. Learn More »
Worksite Bundle
Available only to Costco Members, offers an accident reimbursement plan, lump-sum payments for critical illness, and hospital indemnity reimbursement with guaranteed issues and simplified claims processes.
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Custom Channel Associate Programs:
- Bundled Accident, Critical Illness & Hospital plans
- Reimbursement paid to employee, not the provider
- One premium for all three plans
- Premiums paid for by employees
- Discounted pricing for Costco members
- Easy enrollment
- Only one employee needs to enroll
- Can offer to part time employees
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- Discounted pricing
- 3rd largest dental network
- Contracted providers charge 25-50% less
- Only 2 employees need to enroll
- No premium increase for voluntary coverage
- Child ortho coverage down to 2 lives
- Dental rewards and incentive coinsurance
- Implant coverage in Washington
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- Exclusive level funded medical plans
- Minimum employer size is two employees
- Discounted pricing for Costco members
- Save up to 55% on medical premiums*
- Unspent claim dollars returned at end of plan year
- Open access and provider networks available
- Lower prescription copays at Costco pharmacies
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- Costco cash card for completing wellness incentives
- Offer up to 5 medical plan options
- Available on consolidated billing program
- National provider network
- Easy enrollment process
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Comprehensive Small Group Value and Health Insurance for Small Businesses
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Healthcare AmbassadorsGive you a helping hand every step of the way on your health insurance journey.
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ICHRA and Health Insurance for Small Business Solutions
What is ICHRA Health Insurance?Health insurance can be complex, especially for small businesses. ICHRA, or Individual Coverage Health Reimbursement Arrangement, is a type of health benefits arrangement introduced in 2020 that allows employers to reimburse employees for health insurance premiums and qualified medical expenses. Unlike traditional group health plans, ICHRA gives employees more flexibility and control over their healthcare choices. Employees can use their ICHRA funds to pay for part or all of their health insurance premiums. ICHRAs can be offered by employers of any size to all or a subset of employees based on defined classes and class rules. There’s no limit on how much an employer can contribute. Overall, ICHRA represents a modern approach to health insurance for small businesses , giving employers and employees more options and flexibility than traditional group health plans. |
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Comprehensive Administration
CBC offers many administrative tools and resources which can be leveraged by both you & our customer support team to manage employee enrollment, carrier billing & all other facets of benefit administration.
Frequently Asked Questions
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How Many Employees Do I Need To Have To Receive a Quote?
AnswerTo receive a health insurance quote for a small business, you typically need at least two employees in most states, though exact requirements can vary. Most carriers require that the second employee be a W-2 employee who is not the spouse of the business owner. These criteria help spread the insurance risk across multiple individuals, allowing providers to offer competitive premiums and a range of coverage options for small business health insurance. -
When Can I Start My Health Insurance Plan for My Small Business?
AnswerYou can start a health insurance plan for your small business anytime during the year. Most insurance companies begin coverage on the first day of the month, though some may offer a start date as early as the 15th. To secure your preferred effective date, carriers typically set a deadline for submitting all required documents. Health insurance for small business owners offers flexibility, allowing you to choose a start date that matches your hiring schedule and overall business needs. -
What Factors Should I Consider When Choosing a Health Insurance Plan for My Small Business?
AnswerWhen selecting a small business health insurance plan, consider the following key factors:- Coverage Options: Review the medical, dental, and vision benefits included in the plan.
- Cost: Look at premiums, deductibles, copays, and overall cost-sharing to ensure the plan fits your budget.
- Network: Check that the plan includes a broad network of healthcare providers your employees can access easily.
- Flexibility: Choose a plan that offers flexibility in coverage and the ability to customize benefits based on your team’s specific needs. Small business health insurance should balance quality care with cost-effectiveness to support both your business and your employees.
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How Do Health Benefits Impact Employee Recruitment?
AnswerHealth benefits impact employee recruitment by making a company more appealing to candidates. Candidates prioritize benefits like health insurance when considering job offers. Offering comprehensive health benefits shows potential employees that their well-being is valued, setting the employer apart from competitors and attracting skilled professionals seeking stability and security for their healthcare needs. Health insurance for small businesses plays a key role in this, helping employers compete for top talent in today’s job market. -
Does the employer have to contribute towards the premium for the employee?
AnswerYes. Most insurance carriers require a minimum employer contribution of 50% of the employee-only premium. -
How Long Are Rates Guaranteed For?
AnswerThe standard rate guarantee period for medical premiums is 12 months. Ancillary coverages, such as vision or life insurance, can have more extended rate guarantee periods. For health insurance for small business owners, this rate stability helps with budgeting and long-term planning. -
What Is Deductible?
AnswerA deductible is a set amount you must pay before your insurance company starts to share the cost for some covered medical expenses. -
What is a copay?
AnswerA copay is a set amount you will pay each time for some covered medical expenses. On some plans, these payments start after the deductible is met; on others, they begin immediately. For example, your copay for a routine doctor’s visit might be $50. Copays are a common feature in health insurance for small business plans. -
What is Coinsurance?
AnswerCoinsurance is the percentage you pay for some covered health care services. Your coinsurance will typically start after you have reached your deductible. For example, if your coinsurance is 30%, you will be responsible for paying 30% of your medical expenses until you reach your out-of-pocket maximum. Understanding coinsurance is important when choosing small business health insurance, as it affects overall costs and budgeting. -
What Is an Out-of-Pocket Maximum?
AnswerAn out-of-pocket maximum is the highest amount you must pay yearly for covered healthcare services. Once you reach this amount through deductibles, copays, and coinsurance for in-network care, your health insurer covers 100% of your covered in-network services for the rest of the year. Out-of-pocket maximums usually follow the calendar year, though some plans use a plan year. Understanding this is important when choosing health insurance for small businesses , as it helps manage potential costs for you and your employees.
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