We have a small trading (business to business) company located Manhattan, NY. There are a total of 5 employees, how much would it cost for me to provide health insurance? How does that usually get paid? Is it split between the employers and employees or is it paid for solely by the company? Thanks in advance!
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If you choose to form a group health plan, then you'll have to pay at least 50% of the premium, and you'll have to have at least 75% participation (yourself included). You'll need to work with an insurance agent that specializes in group plans to see how much it would cost. Alternatively, you could offer to subsidize employees' health care costs, by increasing compensation by a set amount each month.
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