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Monday, July 28, 2008  

Small Business Health Insurance in Maryland Gets Boost

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Across the country, high premiums for small business health insurance have made it difficult (if not impossible) for many employers to offer coverage to their employees.

The result? Those employers who can't afford small business health insurance don't have the ability to lure good employees like bigger companies can, and whether it's injured employees or better offers from competitors, turnover is higher for those small businesses.

In Maryland, however, the Maryland Health Care Commission is offering to lend a hand to some employers in a bind. According to the Washington Post, beginning October 1st subsidies for small business health insurance will be available to small businesses with between 2 and 9 employees.

The total amount to be spent for the subsidies is around $15 million, but because the funding will operate on a "first-come, first-served" basis, it's important for employers to be very proactive if they want to take advantage of this opportunity.

And with 800,000 Marylanders lacking health insurance, there will be a lot of employers lining up to offer the coverage that not only draws the best employees, but keeps them in the business for the long term.

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