• Skip to primary navigation
  • Skip to main content
  • 1-800-960-1371
  • Agent Login
  • Quoting Tools
    • Life
    • Senior
  • Free Marketing Guide
  • Blog

AgentLink

With AgentLink, you have easy access to the carriers you want and the tools and resources you need to offer the best to your clients.

  • Products
        • Life
          • Info
          • Products
          • AML Training
          • Quoting Tool
        • Senior
          • Info
          • Products
          • Certifications
          • Compliance
          • Quoting Tool
        • Group Benefits
          • Info
          • Products
          • Our Process
          • Group Enrollment Form
        • Individual Benefits
          • Info
          • Products
          • Our Process
          • Enrollment Tool
        • See our Concierge Services
  • Tools
  • Resources
    • Marketing Guide
    • Carrier Links
    • Group Compliance Resources
    • Sales Webinars
    • Training Webinars
    • Insurance Marketing Webinars
  • About
  • Contact Us
  •  1-800-960-1371
  • Life Quoting Tool
  • Senior Quoting Tool
  • Marketing Guide
  • Blog
Previous
Next

Large Group vs. Small Group: What Are the Major Differences?

When it comes to selling group benefits to businesses, there are two classifications: Small Group and Large Group. As you can imagine this refers to the size of the business—the number of full-time employees. The size of a business matters when it comes to insurance benefits. Read more to learn about the differences between small groups and large groups and how it’s possible to bridge the gap between them.

Large Group vs. Small Group

Large groups and small groups refer to a company’s employee count and therefore what benefit perks they can receive. Small groups refer to companies with two to 50 full-time employees. Large groups have more than 50 full-time employees.

One of the differences in insurance benefits between the two is regulations. Small groups and large groups have different sets of regulations, other than size, on insurance benefits, as well as different tax regulations.

The other biggest difference between small group and large group benefits is price. In many cases, small groups have no negotiating power when it comes to price. No matter what broker a small group uses, their prices will be the same. The prices have already been set. Prices for large groups, however, have not been set. Large groups have the ability to negotiate down their prices.

Aside from negotiating prices and some other factors associated with the Affordable Care Act, the price differences between small and large group benefits can also be attributed to benefit mandates. Small groups must meet all of the Affordable Care Act’s ten Essential Health Benefits, whereas large groups have more flexibility.

How Small Groups Can Get Large Group Benefits

Many employers of small groups want the luxury of negotiating price, but can’t because of the regulations on businesses with less than 50 full-time employees. That’s where Association Plans come into play.

Association Plans allow multiple small businesses to get the benefits of being a large group, including negotiating strength. By joining together and increasing the number of participants in health benefits, employers can qualify for large group health plans and can get competitive rates, flexibility with benefit plans, and more.

These plans are great for employers who want to provide the best coverage to their employees and want more control over their rates. With other perks like the same great service they expect and options for specialty products including dental, vision, life, optional life, and disability plans, there are very few reasons not to join an Association Plan.

If you want more information on Anthem Association Plans and how to market them to employers, download our guide here. AgentLink is here to help you provide the best service to your clients. Learn more about how AgentLink can help you sell Association Plans today.

Filed Under: Anthem, Employers, Group Agents

Previous Post: « Benefits of Small Businesses Offering Association Plans
Next Post: Top 3 Tips for Marketing and Selling Association Plans »

You might also enjoy...

life insurance for seniorsWhat kind of Life Insurance Products are a good fit for Seniors?

At its core, life insurance is a contract between a policy holder and a life insurance company where the insured agrees to pay for a policy on a regular basis and the insurer in turn agrees to pay a sum of money to beneficiaries upon death […]

Read More
AgentLink – A brief overview of our Past, Present and Future.

AgentLink (originally called MedLink) was founded in 1991 by Randy McDevitt. Randy is still part of our executive team and serves as Chairman. His son Matt McDevitt is the CEO and Kathy Hamilton is our COO. AgentLink started as a Managing General Agent (MGA) for one […]

Read More

Don’t forget to browse the free tools and resources we offer our agents and prospects, including our popular online quoting tools

Download the Digital Marketing Guide

Go to Resources

Get Contracted Now

Contract with us, to get appointed with your desired carriers

Please enter your email address below  to stay up-to-date with changes in the industry.

  • This field is for validation purposes and should be left unchanged.

Copyright © 2021 · Showcase Pro on Genesis Framework · WordPress · Log in

  • About
  • Contact
  • Careers
  • Life
  • Senior
  • Group Benefits
  • Concierge Services

Agent Login

Resources

Tools

Free Marketing Guide

1-800-960-1371

AgentLink Kentucky Office
2001 Lake Point Way, PO Box 23570
Louisville, KY 40223
Toll Free: 800.960.1371
Direct: 502.245.1371
Fax: 502.245.0978

AgentLink Indiana Office
3077 East 98th Street, Suite 135
Indianapolis, IN 46280
Toll Free: 866.462.9067
Direct: 317.569.8490
Fax: 317.569.8705

Copyright © 2020 AgentLink. All Rights Reserved.
Website Design and Digital Marketing by The Marketing Squad

  • Senior Products
  • Quoting Tool
  • Get Contracted
  • Brittney: 502-245-1371
  • Life Products
  • Quoting Tool
  • Get Contracted
  • Scott: (502) 245-1371
  • Products
    ▼
    • Life
      ▼
      • Info
      • Products
      • AML Training
      • Quoting Tool
    • Senior
      ▼
      • Info
      • Products
      • Certifications
      • Compliance
      • Quoting Tool
    • Group Benefits
      ▼
      • Info
      • Products
      • Our Process
      • Group Enrollment Form
    • Individual Benefits
      ▼
      • Info
      • Products
      • Our Process
      • Enrollment Tool
    • See our Concierge Services
  • Tools
  • Resources
    ▼
    • Marketing Guide
    • Carrier Links
    • Group Compliance Resources
    • Sales Webinars
    • Training Webinars
    • Insurance Marketing Webinars
  • About
  • Contact Us
  •  1-800-960-1371
  • Life Quoting Tool
  • Senior Quoting Tool
  • Marketing Guide
  • Blog