Minnesota group health insurance plans require at least two full-time taxable members. The group usually consists of the employees of a business but also may be the members of a professional trade associations or labor union. The provider usually writes one master contract to cover the entire group.

Minnesota group health insurance companies can also save money for a small business in other ways. A group health plan distributes the financial risk, which usually results in greater coverage and lower premiums. Minnesota group insurance also offers tax advantages because the employer contributions are usually tax deductible.

There are three key points that affect the premiums of Minnesota group health insurance plans:

1. A health provider generally must be a member of the plan's preferred provider organization before Minnesota small group health insurance will pay for any treatments. Ensure there are enough PPO members in your area to handle your employee’s medical needs.

2. The amount that the employee pays before a Minnesota group insurance company will cover the costs of treatment. A higher deductible usually means a lower premium.

3. The maximum amount that group health insurance in Minnesota will pay. This is known as the benefit cap or coverage limit.

Action Steps
The best contacts and resources to help you get it done

Contact a MN group health insurance company that specializes in small business insurance

A company with experience in providing health insurance for a small business, especially one that is based in Minnesota, may best serve your employees.

I recommend: Select the number of employees in your business to begin the group health insurance in Minnesota quote request process with Benefit Specialists. Continue to the next page and complete the application form, including the census section for your employees.

Request a quote for MN group health insurance through an agency

An independent agency will frequently have expert knowledge on the insurance carriers that they work with and can provide a better plan than you would be able to negotiate on your own.

I recommend: Complete and submit the appropriate application for group health insurance from the Walt Palmer Agency to receive a quote from this Minneapolis-based agent.

Look at plans from major Minnesota group medical insurance providers

Major insurance carriers often offer the most flexibility among plans for small businesses.

I recommend: Examine the group health insurance plans available through Blue Cross Blue Shield of Minnesota. These plans are primarily designed for employee groups of up to 50 employees, but there are also plans for more than 50 employees.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Offer a consumer-driven group health insurance plan for employees who want more control over their health care. This type of Minnesota group medical insurance usually offsets a low-cost, high-deductible plan with Health Reimbursement Accounts and Health Savings Accounts. This allows the member to manage their medical expenditures more closely than with a traditional health care plan.