Small Business Health Insurance in Tennessee

Welcome to HealthTN.com’s resources for Tennessee Health insurance for small businesses. We know owning a business is challenging, and navigating health insurance marketplace can be overwhelming. We can work with you and your team to make sure you and your employees get the best possible coverage at the most affordable rate.

Help is just a phone call away: (615)-541-4257

Speak with a HealthTN agent to secure insurance policy or compare your current coverage with other options. Even though there are a lot of online resources, small business health insurance is not something we recommend just signing up for online. It takes time and an expert knowledge of your specific needs. We can walk you through every step.

We have over 50 licensed and qualified agents, one of which is sure to be an expert in your area or worked with businesses with similar needs. Start by calling (615)-541-4257 and asking for an agent in your area. An agent can meet with you on-site or over the phone and at a time of your choosing, to help you navigate all of the small business health insurance options in Tennessee.

The tax credit for small businesses has relieved millions of business owners of the burden of paying health plan premiums for their employee’s. To qualify for the credit, small businesses must:

• Have less than 25 full-time equivalent employees
• Pay at least 50% of their employees’ health insurance premiums
• Pay an average annual salary or wage less than $50,000.00 to each full-time employee
• Here is a good reference for Small Business Health Care Tax Credit Scenarios

Owners are not included in the number of full-time employees. Their personal incomes and health insurance premiums are not considered as employee income and premiums. The tax credit cannot exceed the amount of tax liabilities.

Start the process of determining your tax credit by calling – (615)-541-4257

Not at all.  The premiums you pay will be the same with or without the help of an agent or broker.  Agents and brokers are paid by the insurance companies whose policies they sell.  On the contrary, an agent or a broker is likely to save you money on your premiums by accurately assessing your needs and available options. HealthTN’s agents are licensed with all of the major carriers so we can cross-compare the best plans in Tennessee.

You can calculate your businesses FTE’s at the federal Marketplace. The FTE’s are not state specific, so what is calculated on the Federal level should apply to any business in Tennessee.  You can access the SHOP FTE calculator here.

A part-time employee is anyone who works less than 30 hours a week or less than 120 days per year.  So any seasonal employee that works 40 hours a week for less than 3 months would still be considered a part-time employee. Any business with less than 50 full-time employees does not have to offer health insurance at all. It would be safest to contact an insurance agent to verify your situation.

No, a sole proprietor or business partner should not be counted as a full-time employee. The same applies if you own more than 2% of a corporation.

No, but large employers (more than 50 employees) who choose not to provide health insurance to their employees could face penalties.

No, independent contractors that have worked for your business do not qualify as employees.

Small Businesses with less than 50 employee’s represents over 95% of all Small Businesses and are completely exempt from the employer responsibility provisions.

Employees with a regular annual employment that is generally 6 months or less per year are not considered full time employees.

*Note- Healthcare.gov suggests using a limit of 120 or less working days per year.

• Blount County
• Davidson County
• Hamilton County
• Knox County
• Rutherford County
• Sevier County
• Shelby County
• Williamson County