South Dakota Group Health Insurance Plans: Comprehensive Coverage for Your Business

Welcome to Taylor Online Benefits! We’re a leading provider of employee healthcare and benefits packages to South Dakota businesses just like yours. Our goal is to help you provide competitive, compliant, and affordable employee insurance options – by creating a plan that’s custom-built to your requirements.

Business people meeting at a table, Insurance broker agents
Your business is unique, and the odds are strong that no pre-packaged insurance package is going to be 100% optimal for it. That’s why Taylor Online Benefits works with you to create a custom offering.

Taylor Online Benefits is an independent group insurance agent. That means we are not limited to any one insurance carrier’s packages or to any particular type of insurance and benefits plan. Working with us will offer your business and staff a broader array of options than if you were to settle for a single provider.

For more information about the specific benefits that employers must offer in company healthcare plans, especially under provisions of the Affordable Care Act (sometimes referred to as Obamacare), see this webpage maintained by the South Dakota Department of Labor & Regulation.

Taylor Online Benefits is here to help you discover the best path forward for your unique needs. Call us for more info at 800-903-6066 or use the online request form to the right for your free estimate. There’s absolutely no obligation, so get started today!

South Dakota Large Group Healthcare Insurance Solutions

Large employers in South Dakota have options to choose from when deciding the best way to satisfy their obligation to provide health protection to their workers. Because of cost considerations, many opt for preferred provider organizations, health maintenance organizations, and point-of-service structures. In addition, some allow a choice between two or more delivery structures to accommodate individual preferences. As a result, the employee might pay a higher premium depending on their choice. Still, at least one available option must meet the affordability standard (less than 9.12 percent of gross income for individual coverage.) Taylor Benefits advises you on the best plans for your team.

Coverage must include at least the ten essential benefits the ACA specified:

  1. Ambulatory patient services (outpatient care)
  2. Emergency services
  3. Hospitalization, including surgical and medical
  4. Maternity and newborn care, including delivery
  5. Mental health and substance use disorder services
  6. Prescription drugs
  7. Rehabilitative services and devices
  8. Laboratory services
  9. Preventative and wellness services, including chronic disease management
  10. Pediatric services, including dental and vision care for children under the age of 19
  11. Large group health insurance

Plus, South Dakota has added these three:

  1. Diabetes care supplies
  2. Reconstructive surgery following mastectomy
  3. Off-label prescription drug coverage

Small Business Medical Protection Programs in South Dakota

Small companies don’t have to provide insurance coverage for their workers. But for those South Dakota companies that want to, there are helpful resources. For example, suppose you want to provide coverage through SHOP (Small Business Health Options Program) and have fifty or fewer workers. In that case, you can access qualifying plans through the marketplace or by talking to your representative at Taylor Benefits.

If you provide a SHOP plan, you must offer it to all eligible crew members (those working at least thirty hours per week). Also, at least seventy percent of your eligible employees must enroll through your program or have insurance through another channel.

For small companies with fewer than 25 workers, tax credits may be available to support your administrative costs.

Employee Provisions Plans and Staff Rewards Packages

Companies must find creative ways to attract the workers they want to hire and retain in a competitive job market. Studies across the U.S., including in South Dakota, show that workers care significantly about their benefits. As a result, businesses offering above-average benefits can stand out from the crowd.

If you want to boost your program, start with the basics: medical insurance, paid time off, and retirement assistance are crucial for a benefits package. After that, look for some specific additions to appeal to your workforce. For example, suppose you have many recent college graduates who need help with student loan debt. Matching those loan payments is one increasingly popular way to support workers concerned about all the debt they must pay off. Or, if your staff members are parents with young children, consider a childcare subsidy or flexible spending account contribution.

Think creatively about how to add to employee satisfaction without spending heavily. For example, many employees want flexible hours and remote work options. Depending on your company’s needs, allowing workers to shift their schedules or work from a different location might not have a financial cost. But in return, you could reap the reward of an engaged, dedicated team.

Call 800 -903-6066 to get a free consultation on South Dakota Corporate Health Insurance & Workplace Perks Plans

Relevant Statistics

  • Over 70% of businesses in South Dakota offer team healthcare insurance coverage to their workers.
  • The average annual premium for group medical coverage is $7,800 per employee.
  • Approximately 90% of employers with more than 50 crew members provide collective healthcare benefits.
  • South Dakota has seen a 15% increase in the number of companies offering team health protection over the past five years.
  • Around 80% of employees enrolled in group medical protection plans have access to dental and vision coverage as well.

General Facts

  • Group health insurance in South Dakota provides coverage for a group of people, typically employees of a company or members of an organization.
  • It offers benefits such as medical, dental, and vision coverage to the insured individuals within the team.
  • South Dakota law requires certain employers to offer group healthcare insurance to their employees if they meet specific size requirements.
  • Corporate medical insurance plans can be obtained through private insurers or through government programs like Medicaid and CHIP.
  • Employers may have different options for collective health benefits packages, including HMOs, PPOs, and high-deductible health plans (HDHPs).

Can small businesses in South Dakota afford group health insurance?

Yes, small businesses in South Dakota can afford group health insurance. Many insurers offer plans designed specifically for small businesses, providing affordable options with various levels of coverage to meet their needs and budgets. Additionally, tax incentives and shared premium costs can make it more feasible. 

What is the minimum number of employees required to get group health insurance in South Dakota?

In South Dakota, small group health insurance plans are generally available to businesses with 2 to 50 full-time equivalent employees. This means that even very small businesses with just two employees can often qualify for group health insurance coverage.

What are the tax benefits for offering group health insurance in South Dakota?

Offering group health insurance in South Dakota can provide several tax benefits for employers. Here are the main tax advantages:

  1. Federal tax deductions: 
  • Employers can generally deduct 100% of the premiums they pay for employee health insurance as a business expense. This reduces the company’s taxable income.
  1. Payroll tax savings:
  • Premiums paid by employers are exempt from federal payroll taxes (Social Security and Medicare taxes). This can result in significant savings, especially for larger companies.
  1. Pre-tax employee contributions:
  • If employees contribute to their premiums, these contributions can often be made on a pre-tax basis through a Section 125 Cafeteria Plan. This reduces the employees’ taxable income and also saves the employer on payroll taxes.
  1. Small Business Health Care Tax Credit:
  • Small businesses with fewer than 25 full-time equivalent employees may be eligible for the Small Business Health Care Tax Credit if they provide health insurance through the SHOP Marketplace. This credit can be worth up to 50% of the premiums paid.
  1. Health Savings Accounts (HSAs):
  • If the group health plan is HSA-eligible (a high-deductible health plan), both employer and employee contributions to HSAs are tax-deductible.
  1. State tax considerations:
  • While South Dakota doesn’t have a state income tax, businesses operating in multiple states may see additional state-level tax benefits in other locations.

It’s important to note that tax laws can be complex and may change over time. The specific tax benefits available to your business will depend on various factors, including your company’s size, structure, and the type of health insurance plan offered. 

For the most accurate and up-to-date information tailored to your specific situation, it’s advisable to consult with a tax professional or a qualified insurance broker who is familiar with South Dakota’s regulations and the latest federal tax laws. They can provide personalized advice based on your company’s unique circumstances.

What are the benefits of group health insurance for South Dakota businesses?

Group health insurance offers several benefits for South Dakota businesses, making it an attractive option for employers looking to provide health coverage to their employees. Here are some of the key advantages:

1. Attract and Retain Talent: Offering group health insurance can make a business more attractive to potential employees and help retain current staff. Health benefits are a significant factor for many individuals when choosing an employer.

2. Improved Employee Health and Productivity: Access to healthcare can lead to healthier employees who are less likely to take sick days, resulting in higher productivity and efficiency in the workplace.

3. Tax Advantages: As mentioned earlier, there are several tax benefits for businesses that offer group health insurance, including deductions for premiums paid, payroll tax savings, and potentially the Small Business Health Care Tax Credit.

4. Economies of Scale: Group plans often come with lower per-employee costs compared to individual health insurance plans due to the larger pool of insured individuals, which spreads out the risk for the insurer.

5. Enhanced Employee Satisfaction and Morale: Providing health insurance demonstrates an employer’s investment in their employees’ well-being, which can boost job satisfaction and morale within the company.

6. Customizable Plans: Group health insurance plans can often be tailored to meet the specific needs of a business and its employees, allowing employers to choose the level of coverage and the types of benefits that best fit their budget and healthcare needs.

7. Simplified Administration: Many insurers offer support in managing group plans, which can reduce the administrative burden on businesses. This includes assistance with enrollment, handling claims, and providing information about the coverage.

8. Compliance with Regulations: Offering group health insurance can help businesses comply with state and federal regulations that may require employers to provide health coverage to their employees, avoiding potential penalties.

9. Financial Predictability: With group health insurance, businesses can more easily predict their healthcare costs, as premiums are typically fixed for a year at a time. This helps with budgeting and financial planning.

10. Supports Employee Financial Security: Health insurance is a critical component of an employee’s financial security, protecting them from the high costs of medical care and potentially saving them from financial hardship due to illness or injury.

By offering group health insurance, South Dakota businesses not only comply with legal requirements and gain tax benefits but also invest in their workforce’s health and satisfaction, contributing to a positive work environment and a stronger, more competitive business. 

How much does group health insurance cost in South Dakota?

The cost of group health insurance in South Dakota can vary significantly based on several factors. It’s difficult to provide an exact figure without specific details about a business, but I can give you an overview of the factors that influence costs and some general price ranges.

Factors affecting cost:

  1. Group size: Generally, larger groups can negotiate better rates.
  2. Employee demographics: Age, gender, and overall health of employees.
  3. Coverage level: Plans with more comprehensive coverage cost more.
  4. Plan type: HMOs, PPOs, and high-deductible plans have different cost structures.
  5. Location within South Dakota: Costs can vary by county or region.
  6. Employer contribution: How much the employer pays versus the employee.

General cost estimates:

As of 2024, average monthly premiums for group health insurance in South Dakota might range:

  • For single coverage: $500 – $800 per employee
  • For family coverage: $1,400 – $2,200 per employee

Keep in mind:

  1. These are rough estimates, and actual costs could be higher or lower.
  2. Employers typically cover 50-80% of the premium, with employees paying the rest.
  3. Small businesses (under 50 employees) may have different options and pricing compared to larger companies.

To get a more accurate estimate:

  1. Contact several insurance providers or brokers specializing in South Dakota group health insurance.
  2. Provide them with specific details about your business and employees.
  3. Request quotes for different types of plans to compare options.

Remember, while cost is important, it’s also crucial to consider the quality of coverage and how well it meets your employees’ needs. A slightly more expensive plan might provide better value in terms of employee satisfaction and health outcomes.

For the most current and accurate pricing, I recommend reaching out to licensed insurance brokers or directly to insurance companies operating in South Dakota. They can provide tailored quotes based on your specific business situation.

Are there any special regulations for group health insurance in South Dakota?

Yes, there are specific regulations for group health insurance in South Dakota, as there are in every state. These regulations are designed to ensure fairness, protect consumers, and provide guidelines for the operation of group health insurance plans within the state. Some of the key regulations include:

1. Coverage Requirements: South Dakota mandates certain benefits that must be covered by group health insurance plans, such as maternity care, diabetes management, and preventive services. These requirements can change, so it’s important to stay updated on current mandates.

2. Small Employer Health Insurance Availability Act: This act defines the rules around the availability of health insurance to small employers, including the requirement that health insurers must offer coverage to all small employers (those with 2 to 50 employees) and cannot deny coverage based on the health status of the group.

3. Renewability and Portability: Regulations ensure that group health insurance plans are renewable at the option of the employer, except in specific circumstances such as non-payment of premiums or fraud. There are also provisions to ensure portability of coverage for employees leaving the group.

4. Rating Restrictions: South Dakota has rules governing how insurers can set premiums for group health insurance. These may include restrictions on the factors that can be used to determine rates, such as health status, age, and tobacco use, ensuring that premiums are set in a fair and equitable manner.

5. Pre-existing Condition Exclusions: While the Affordable Care Act (ACA) has largely eliminated pre-existing condition exclusions for most health plans, state regulations also play a role in how these rules are implemented and enforced at the state level.

6. Mental Health Parity: South Dakota, like many states, requires that group health insurance plans offer mental health benefits that are on par with physical health benefits, ensuring that mental health conditions are not treated less favorably in terms of coverage.

7. Consumer Protections: There are various consumer protection laws in place, including those related to appeals and grievances, ensuring that consumers have rights and avenues for recourse if they have issues with their health insurance coverage.

8. Compliance with Federal Laws: In addition to state-specific regulations, group health insurance plans in South Dakota must also comply with applicable federal laws, including the Affordable Care Act (ACA), the Health Insurance Portability and Accountability Act (HIPAA), and the Employee Retirement Income Security Act (ERISA), among others.

It’s important for employers offering group health insurance in South Dakota to be aware of these regulations and ensure compliance. Regulations can change, so staying informed about the latest laws and guidelines is crucial. Employers may find it beneficial to work with a knowledgeable insurance broker or legal advisor to navigate the complexities of group health insurance regulations. 

How does South Dakota group health insurance compared to individual health plans?

South Dakota group health insurance and individual health plans differ in several key ways, each with its own set of advantages and considerations. Here’s a comparison based on various factors:

1. Cost and Affordability:
  – Group Health Insurance: Generally, offers lower premiums compared to individual plans because the risk is spread across a larger group of people. Employers often contribute to the premiums, further reducing the cost for employees.
  – Individual Health Plans: Can be more expensive in terms of premiums, especially if the individual has pre-existing conditions or requires a higher level of coverage. However, subsidies through the Affordable Care Act (ACA) marketplace can make individual plans more affordable for some people.

2. Coverage and Benefits:
  – Group Health Insurance: Plans are often more comprehensive, with employers selecting plans that provide a broad range of benefits to meet the needs of their employees. Coverage can also extend to family members and dependents.
  – Individual Health Plans: Coverage levels and benefits can vary widely, with individuals choosing plans that best fit their personal health needs and budget. There might be more flexibility in tailoring coverage.

3. Enrollment Periods:
  – Group Health Insurance: Employees can enroll in group health insurance during the employer’s specified enrollment period or within a certain period after becoming eligible (e.g., after being hired). Special enrollment periods are also available for qualifying life events.
  – Individual Health Plans: Enrollment is typically limited to the annual Open Enrollment Period, unless qualifying for a Special Enrollment Period due to life events such as marriage, birth, or loss of other coverage.

4. Pre-existing Conditions:
  – Group Health Insurance: Cannot deny coverage or charge higher premiums based on pre-existing conditions, ensuring broader access to coverage for employees with health issues.
  – Individual Health Plans: Under the ACA, individual plans also cannot deny coverage or charge more for pre-existing conditions, aligning them more closely with group plans in this regard.

5. Ease of Access:
  – Group Health Insurance: Enrollment is facilitated by the employer, making it easier for employees to obtain coverage without having to navigate the insurance market themselves.
  – Individual Health Plans: Requires individuals to research, compare, and select plans on their own, which can be more time-consuming and complex.

6. Tax Benefits:
  – Group Health Insurance: Premiums paid by employers are tax-deductible for the business and are not considered taxable income for employees. Employees can also pay their portion of the premiums with pre-tax dollars.
  – Individual Health Plans: Individuals may be able to deduct premiums on their taxes if they itemize and their total medical expenses exceed a certain percentage of their income. Those eligible for subsidies in the ACA marketplace can also benefit from tax credits.

In summary, group health insurance in South Dakota typically offers more affordable premiums, comprehensive coverage, and ease of enrollment through employer sponsorship, making it an attractive option for many employees. Individual health plans provide more flexibility and choice for those without access to employer-sponsored insurance, with potential financial assistance through the ACA marketplace. The best choice depends on individual circumstances, including employment status, health needs, and financial situation. 

What is the difference between HMO, PPO, and other group health plans in South Dakota?

In South Dakota, as in other states, the primary types of group health plans include Health Maintenance Organization (HMO) plans, Preferred Provider Organization (PPO) plans, and other options such as Exclusive Provider Organization (EPO) plans and Point of Service (POS) plans. Each of these plans operates differently in terms of network size, provider choice, costs, and how care is managed. Here’s a breakdown of the differences:

1. Health Maintenance Organization (HMO):
  – Network: HMOs typically have a network of doctors, hospitals, and healthcare providers that members are required to use to get coverage.
  – Primary Care Physician (PCP): Members usually must choose a PCP who coordinates all their healthcare services. This includes providing referrals to see specialists.
  – Costs: HMO plans often have lower premiums and out-of-pocket costs than PPOs, but require members to adhere strictly to their network for care.
  – Flexibility: Less flexibility in choosing healthcare providers outside the network.

2. Preferred Provider Organization (PPO):
  – Network: PPOs also have a network of providers, but members can see any healthcare provider they choose, inside or outside of the network, without a referral.
  – Costs: Seeing providers outside of the network will result in higher out-of-pocket costs, but members have more flexibility. Premiums for PPOs are typically higher than for HMOs.
  – Flexibility: More flexibility in choosing healthcare providers and in accessing specialists without a referral.

3. Exclusive Provider Organization (EPO):
  – Network: Similar to HMOs, EPOs have a network of providers that members must use to receive coverage, except in emergencies.
  – Referrals: Generally, referrals are not needed to see specialists within the network, offering a bit more flexibility than HMOs.
  – Costs: EPO plans can offer a balance between the lower costs of HMOs and the provider flexibility of PPOs.

4. Point of Service (POS):
  – Network: POS plans combine elements of both HMOs and PPOs. Members have a network of providers to choose from and must select a PCP.
  – Referrals: Like HMOs, seeing a specialist typically requires a referral from the PCP.
  – Costs: POS plans offer more flexibility than HMOs, often with lower costs for in-network care but higher costs for out-of-network care.

Choosing the Right Plan:
The choice between HMO, PPO, EPO, and POS plans depends on individual preferences for cost, flexibility, and how healthcare is managed. Those who prefer lower costs and do not mind having a PCP coordinate their care might opt for an HMO. Individuals who want more freedom to choose their healthcare providers, even if it means higher costs, might prefer a PPO. EPOs and POS plans offer middle grounds between these two options, with their own sets of trade-offs regarding costs, network restrictions, and the need for referrals. 

How do businesses in South Dakota choose the right group health insurance plan?

Choosing the right group health insurance plan in South Dakota involves several steps and considerations to ensure that the selected plan meets the needs of both the business and its employees. Here are key steps and factors for businesses to consider:

1. Assess Employee Needs: Conduct surveys or hold meetings to understand the healthcare needs and preferences of your employees. Consider factors such as the types of coverage they value most (e.g., preventive care, prescription drugs, maternity care), their preferred healthcare providers, and whether they have dependents needing coverage.

2. Budget Considerations: Determine how much your business can afford to spend on health insurance. This will help narrow down the options to those that are financially feasible. Remember to consider not just the premiums, but also deductibles, copays, and out-of-pocket maximums that will affect the overall cost to both the business and the employees.

3. Compare Plan Types: Understand the differences between HMO, PPO, EPO, and POS plans, as each has its own advantages and limitations regarding network size, provider choice, costs, and care management. Choose a plan type that aligns with the preferences and needs identified among your employees.

4. Review Network of Providers: Check the network of providers for each plan you’re considering to ensure that it includes a sufficient number of quality healthcare providers in your area. If your employees have preferred doctors or specialists, verify that these providers are in-network.

5. Evaluate Plan Benefits and Coverage: Look closely at what each plan covers, including preventive services, prescription drugs, mental health services, and other benefits. Also, review the coverage levels and whether the plan includes additional perks or wellness programs that could be beneficial to your employees.

6. Consider the Impact of Deductibles and Out-of-Pocket Costs: High deductibles can lower premiums but may also result in higher out-of-pocket costs for employees when they seek care. Find a balance that makes healthcare affordable and accessible for your workforce.

7. Seek Professional Advice: Consult with a licensed insurance broker or consultant who specializes in group health insurance. They can provide expert advice, explain the nuances of different plans, and help you navigate the selection process. They can also assist with obtaining quotes from various insurers.

8. Review and Adjust Annually: The healthcare needs of your business and its employees can change over time. Make it a practice to review your health insurance plan annually to ensure it continues to meet your needs effectively and remains competitive in terms of benefits and costs.

9. Ensure Compliance: Make sure the chosen plan complies with state and federal regulations, including the Affordable Care Act (ACA) and any specific mandates in South Dakota. This can help avoid potential penalties and ensure that your plan is legally sound.

10. Communicate with Employees: Once you’ve selected a plan, communicate clearly and effectively with your employees about the benefits, how to enroll, and any changes from previous coverage. Providing educational resources or holding informational meetings can help employees make informed decisions about their healthcare.

By carefully considering these factors and involving employees in the process, businesses in South Dakota can choose a group health insurance plan that is both cost-effective and responsive to the needs of their workforce. 

Can employees customize their group health insurance plans in South Dakota?

Yes, employees can customize their group health insurance plans in South Dakota.

What are the tax incentives for offering group health insurance in South Dakota?

In South Dakota, offering group health insurance provides tax incentives such as federal tax deductions for premiums paid by employers, payroll tax savings, pre-tax employee contributions through a Section 125 Cafeteria Plan, potential eligibility for the Small Business Health Care Tax Credit, and deductions for contributions to Health Savings Accounts (HSAs). 

How does the Affordable Care Act (ACA) affect group health insurance in South Dakota?

The Affordable Care Act (ACA) affects group health insurance in South Dakota by mandating coverage for essential health benefits, prohibiting denial of coverage based on pre-existing conditions, allowing young adults to stay on their parents’ plans until age 26, and requiring larger employers to offer health insurance or face penalties. 

Business Healthcare Protection & The Affordable Care Act

With the passage of the Affordable Care Act in 2010, the federal rules and regulations around group benefits changed considerably.  The current healthcare field can be complex, and if you want to optimize the money you spend on healthcare, you’ll need to understand how the environment has changed. That’s where Taylor Online Benefits comes in.

Our company has been helping SD businesses just like yours find team benefit plans since well before the Affordable Care Act – packages that meet or exceed staff’s expectations without breaking the bank. Our expertise in the insurance industry has been a key part of helping our clients adjust to a changing marketplace.

If this sounds complicated, don’t worry. We’ll work closely with you to determine:

  • What forms of coverage you are legally mandated to provide at this time
  • What your current health and group benefits program offers
  • How your plan compares to those of your competitors
  • What your business’ goals are, and what you can realistically afford without sacrificing those goals

Are you looking for Group Health Insurance & Employee Benefits Plans? Click the quote button to get an instant quote.

Our custom-built health and benefits programs satisfy all legal requirements, meet your employees’ expectations, and allow your business to focus on future growth and excellence.

Office desk with notepad, money, a magnifying glass and calculator
SD’s Department of Labor & Regulation provides health insurance info to residents regarding their rights and reasonable expectations. These pages can also help you to understand what your employees are seeking in a healthcare package. If you’re looking for the perfect group health package for your SD-based business, look no further than a custom-built plan from Taylor Online Benefits. Call us today to learn how you can offer your employees a cost-effective and legally compliant plan that meets their needs – without hobbling your business. Get started now with a FREE cost estimate!

Frequently Asked Questions About Medical Insurance and Employment Incentive Packages

The following are some answers to frequently asked questions about South Dakota health insurance coverage:

What Are the Benefits of Large Business Health Insurance Plans in South Dakota?

A large group health insurance program is the best option for large organizations with more than 50 employees in South Dakota. You can have affordable health insurance with a large group coverage package by taking full advantage of the big discount that comes with it.

Another ideal application of a large group health insurance program is the provision of student health insurance. This health protection is an excellent alternative for large groups of people who do not have the financial capacity to obtain individual health care. Other advantages of large group insurance include:

  • Lower deductibles
  • Lower coinsurance
  • Employer-sponsored Medicare/Medicaid enrollment
  • Team dental coverage
  • Health Savings Accounts (HSAs)
  • Collective vision insurance
  • Prescription drug coverage
  • Comprehensive healthcare strategy
  • Employee wellness initiatives

How Do Small Business Group Health Insurance Plans Work in South Dakota?

Small business owners in South Dakota can choose between different types of health coverage.

Small businesses can begin with a standard team health insurance program. Employers pay a fixed health plan premium (often shared with the employee) to cover health insurance for their employees and their families.

Another option is for small businesses to provide a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). Through this account, employers can pay a set amount monthly toward the cost of a qualified protection policy that the worker obtains on their own.

A Group Coverage Health Reimbursement Plan is a variation that some companies adopt. In this case, the employer provides group health insurance plus a monthly allowance for deductibles, copays, and other charges.

While it’s considered risky, some small businesses choose self-funded health insurance. With a self-funded program, the employer opts out of buying a policy with regular premiums and instead directly pays employees’ medical bills. 

Some small companies decide to join with other employers to form an Associate Health Plan (AHP). The AHP is a group health plan in which numerous small businesses in a particular industry or location pool their resources to purchase larger group health coverage.

How Much Do Employers Pay for Health Insurance?

Most South Dakota companies provide protection for their workers. On average, employers pay 79 percent of the premium cost for individual coverage (often, they contribute less for dependent coverage), which is approximately $5,562 annually.

Written by Todd Taylor

Todd Taylor

Todd Taylor oversees most of the marketing and client administration for the agency with help of an incredible team. Todd is a seasoned benefits insurance broker with over 35 years of industry experience. As the Founder and CEO of Taylor Benefits Insurance Agency, Inc., he provides strategic consultations and high-quality support to ensure his clients’ competitive position in the market.



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