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Missouri Small Business Health Insurance

There are different Missouri 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 Missouri.

  • Briefly explains self-employed Missouri health insurance.

  • Alerts you to a beneficial tax deduction.

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

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Missouri small business health insurance regulations

Missouri health insurance companies must sell small group health insurance to any small business. Also, small businesses of more than 2 but less the 50 must be offered the same Missouri small business health insurance policies that are sold to other small businesses.

If you qualify, your company must also meet minimum participation requirements set by your Missouri health insurance company. Unless you meet the minimum level of participation your Missouri health insurance company requires, your policy can be terminated.

Furthermore, Missouri health insurance companies can require any small business owner to pay a certain amount to each employee's premiums before selling a Missouri small business health insurance policy to the group.

Your small business must be offered the same small business health insurance policy your health insurance company sells to other small businesses. Even though the benefits must be the same, the price can be quite a bit higher.

It is legal for Missouri health insurance companies to charge higher premiums for an Missouri small business health insurance policy due to the group's health status, gender, age and risk. However, there are limits to how much policy prices can vary based on these health factors.

As with individual health insurance, illness can not be used as grounds for terminating Missouri small business health insurance.

Self- employed Missouri health insurance

The approach different states take to the issue of how to treat health insurance for the self-employed varies. In Missouri, the self employed are prohibited from purchasing a small group health insurance policy for yourself if they employ no one else. A self-employed person with any number of employees is permitted to buy California small business health insurance.

Being a self-employed individual buying Missouri health insurance can be quite costly. However, there is relief from this cost through an itemized tax deduction. A percentage of your annual Missouri health insurance premiums can be deducted from taxes if you are self-employed and buying your own health insurance.

More MO 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 MO group health insurance laws and regulations, visit theofficial website of the Missouri Department of Insurance.