Ohio Small Business Health Insurance

Small business owners in Ohio can find, compare, apply for, and enroll in group health insurance plans through SimplyInsured. Pricing varies by state, but is only dependent on the ages of employees and their dependents. Having pre-existing conditions such as high blood pressure or diabetes no longer impacts the cost of insurance for a specific individual. In order to be eligible for small group health insurance, you must have two people in the company including owners, at least one of which is a W-2 employee. You can apply for group health insurance any time during the year - you do not need to wait for an open enrollment period. The application process can be done online through SimplyInsured and can be completed in minutes.

Small business insurance in Ohio is pre-tax, which means the amount you spend on premiums is exempt from employer and employee taxes. This provides you a 30-40% tax benefit on the cost of insurance.

There are many plan options in Ohio. To determine the best plan for you, assess your budget and the health needs of your employees. If employees expect to utilize more care and need flexibility in the providers they see, PPOs may be preferable. These plans have wider doctor and hospital networks, and you do not need a referral to see specialists. If employees will seldom require care and do not have specific preferences for providers, HMOs with higher deductibles may be preferable. Generally, PPOs have higher premiums than HMOs. If you expect pregnancies and surgeries, check the plan details to see the cost of hospital visits. If your employees take prescription drugs, check the cost of both generic and brand drugs at the pharmacy.

SimplyInsured offers hundreds of plans from top carriers in Ohio. As a top-producing broker, we have preferred status with several carriers, which ensures our clients' needs are met quickly and thoroughly. We take pride in our high customer satisfaction scores, and work to improve the customer experience everyday.

Ohio Market Overview

The Ohio small business health insurance market is comprised primarily of 4 major national carriers and one local carrier. Compared to some of the other states, carriers in Ohio offer fewer tiers of networks, with most carriers electing to only offer a full network to small businesses. This makes selecting a health insurance plan much easier for small businesses, with the primary decision coming down to which health insurance carrier to choose. Ohio's market is pretty competitive, with competitive rates offered by most of the carriers.

We've summarized the different options into a high level set of recommendations. Aetna and Anthem are currently the two most cost competitive carriers in the market, and both offer access to broad PPO networks.

To help make the process a bit easier, we've summarized the various options into a high level overview.

Ohio Health Insurance Carriers at a Glance

Carrier EPO/PPO Cost HMO Cost Available Statewide National Doctor Network Network Tiers # Hospitals Covered # Doctors Covered
Aetna
$ N/A Yes Yes 3 190 34,000
Anthem Blue Cross
$ N/A No Yes 1 186 35,000
Humana
$$$ N/A No Yes 1 175 26,500
UnitedHealthcare
$$ $ Yes Yes 3 190 34,000

Below is more information about the health insurance market in Ohio, including statistics and descriptions of all major carriers.

Ohio Medical Insurance Statistics

No. of carriers available through SimplyInsured 3
No. of plans available through SimplyInsured 334
Average deductible $2,700
Average cost of doctor visit $100
Average cost of hospital stay $4,100
Average out of pocket maximum $5,400
Average employer contribution* $250
Average employee contribution* $460
* including dependents, for the last year, based on SimplyInsured data

Average Out of Pocket Maximum & Deductible for Ohio Group Medical Insurance Plans*

Monthly Premium Range Average Out of Pocket Maximum Average Deductible Percentage of All Plans
$0 - $300 $6,500 $5,900 2%
$300 - $500 $5,800 $3,200 62%
$500 - $700 $4,500 $1,600 34%
$700+ $4,600 $1,400 2%
* Monthly premiums are calculated for one 30-year-old

Available Ohio Plans by Network Type

Network Type No. of Plans Available Median Monthly Premium
HMO 14 $355
POS 202 $467
PPO 116 $487
INDEMNITY 2 $880

Find Employer Group Health Insurance for Small Businesses in Ohio

Ohio Health Plans

Are you researching Ohio health insurance to find small business health insurance plans? Would you like to compare plans, premiums and other cost factors to provide coverage for your employees? SimplyInsured provides access to Ohio health insurance companies. See more information about Ohio Health Plans and get free, instant, online quotes.

Ohio Insurance Providers