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Louisiana Small Business Health Insurance

There are different Louisiana health insurance laws regarding small businesses or the self-employed. Often these types of health insurance policies are easier to qualify for than an individual health insurance policy, even if you are not in the best of health.

This guide:

  • Describes small business health insurance laws in Louisiana.

  • Briefly explains self-employed Louisiana health insurance.

  • Alerts you to a beneficial tax deduction.

We also have a guide to Louisiana health insurance for families and individuals.

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Louisiana small business health insurance regulations

Louisiana health insurance companies must sell small business health insurance to any small business. Qualifying Louisiana small businesses must be offered the same health insurance sold to other Louisiana small business. To be eligible a small business must have employees totalling between 2 and 50.

Also, employees must meet a minimum level of participation in order to qualify for Louisiana small business health insurance. Depending upon the health insurance company, a percentage of employees must purchase the policy or the Louisiana small business health insurance policy will be terminated.

Furthermore, employers may be required to contribute a certain amount toward employee's premiums before the health insurance company agrees to sell the group a policy.

If both requirements are met, Louisiana health insurance companies must sell health insurance to any small business that applies.

On a different note, the cost of Louisiana small business health insurance is only slightly limited. The price of Louisiana small business health insurance can fluctuate due to health status and risk, but within reason.

Finally, as with individual health insurance policies, illness can not be used as grounds for terminating an Louisiana small business health insurance policy.

Self-employed Louisiana health insurance

Buying health insurance as a self-employed individual is treated differently by each state's health insurance laws. According to Louisiana health insurance laws, self-employed individual can not purchase group health insurance if there no other employees. With other employees, of course, Louisiana small business health insurance can be purchased.

However there is a big benefit to being a self employed business owner. A percentage of health insurance premiums can be deducted from your taxes if you are a self-employed individual and are buying your own health insurance. Depending upon the year, 70 to 90 percent of health insurance premiums can be deducted as an itemized deduction.

More LA small business health insurance help

If you want more help getting the a good health insurance policy, read our guide to small business health insurance.

To find out more about LA group health insurance laws and regulations, visit theofficial website of the Louisiana Department of Insurance.