wyoming small business health insurance

Navigating Small Business Health Insurance in Wyoming
As a small business owner in Wyoming, providing quality, affordable health insurance for your employees can be challenging. With under 50 workers, you’re not required by law to offer coverage. However, a robust benefits package is key for attracting and retaining top talent. This article will explore how Blue Cross Blue Shield of Wyoming’s BlueSelect plans are the ideal solution for small business owners seeking to offer health insurance in Wyoming.

The Benefits of Offering Health Insurance

While not mandated, there are compelling reasons to offer health benefits as a small Wyoming employer:

• Recruitment Edge – Top candidates compare benefits packages between jobs. Health insurance gives you a competitive advantage in hiring

• Employee Retention – Employees highly value health benefits. Offering coverage promotes loyalty and retention.

• Tax Advantages – Premiums and other costs are 100% tax deductible as a business expense

• Increased Productivity – Ensuring employees have access to care keeps them healthier and more productive,

• Company Culture – Providing benefits conveys you care about employees’ wellbeing.

In essence, health insurance is an investment in your workforce and your company’s success. With the right provider, you can offer coverage cost-effectively.

Understanding Wyoming Small Group Rules

In Wyoming, “small group” is defined as up to 50 employees. Key regulations include:

• No Mandate – Employers with under 50 workers are not required to provide coverage.

• Guaranteed Issue – All small groups are guaranteed approval for health plans regardless of health status.

• Rating Rules – Premiums are based on group size, location, and age composition.

• Essential Health Benefits – All small group plans must cover core services like hospitalization and Rx drugs.

• Any Wyoming insurer must adhere to these rules. As the leading carrier, Blue Cross Blue Shield developed BlueSelect plans expressly for small businesses navigating these regulations.

BlueSelect – Wyoming Small Business Health Insurance

BlueSelect from Blue Cross Blue Shield of Wyoming provides customizable medical insurance specifically designed for smaller employers. Key advantages include:

• Range of Plan Options – BlueSelect offers three PPO plans and one HSA-eligible high deductible health plan. Choose from higher to lower deductibles and out-of-pocket costs.

• Prescription Drug Coverage – All BlueSelect plans include Rx benefits with copays starting as low as $15 for generic drugs. Protect your employees against high medication expenses.

• Preventive Care – Annual exams, immunizations, cancer screenings and more are covered at no charge before the deductible. Critical for wellness.

• Pediatric Dental/Vision – Required essential health benefits like dental and vision care for children under 19 are included.

• National Provider Access – BlueSelect leverages the expansive BCBS network with 97% of doctors nationwide. Employees get care almost anywhere.

• Enhanced Services – Telehealth, chronic condition support, and pharmacy guidance provide additional employee benefits.

• Policyholder Support – Get dedicated support from Blue Cross Blue Shield’s Wyoming team for claims, billing, and coverage questions.

BlueSelect allows you to balance benefits and affordability for your Wyoming small business. Defining a budget will help identify the ideal plan option for your needs and resources.

Comparing BlueSelect Plan Offerings

BlueSelect has four main plan options spanning higher to lower deductibles. Comparing coverage levels and estimated monthly premiums for a 45 year old helps illustrate the choices:

| Plan | Deductible | Out-of-Pocket Max | Monthly Premium |
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