Before subsidies, the average benchmark silver plan for a 40-year-old in Rhode Island costs $629 a month for 2027 (the national average is $704). Premium tax credits bring that down for many households, depending on income and family size.
Offering health coverage to employees in Woonsocket? A group health insurance broker can compare small-group plans and newer options like individual coverage HRAs. Here are 6 benefits brokers nearby.
Small Business & Group Health Insurance Brokers near Woonsocket
Licensed agents can compare plans available in Providence County, check your doctors and estimate your premium tax credit. Free to you.
Call 866-645-8540Do I need a minimum number of employees?
Small-group rules vary by carrier and state. Many carriers write group plans for businesses with as few as one or two employees besides the owner; a broker can tell you what's available in Rhode Island.
Options for small employers
Traditional small-group plans, level-funded plans, ICHRAs (employees buy individual plans with tax-free employer money) and QSEHRAs for businesses under 50 employees.
Self-employed with no employees?
Group plans usually need at least one non-owner employee. Solo owners typically buy individual coverage, often with a premium tax credit.
Frequently asked questions
Do benefits brokers charge employers?
Most are paid commissions by the insurer. Some charge consulting fees for larger groups or extra services; ask before you sign.
How much does small business health insurance cost in Rhode Island?
Premiums depend on employee ages, location, plan design and how much the employer contributes. A benefits broker can quote several carriers and funding options side by side.
What is an ICHRA?
An individual coverage HRA lets an employer give employees tax-free money to buy their own individual health plans. It works for businesses of any size.
Small business in nearby cities
- Newport, RI 37 miles
- Wakefield-Peacedale, RI 38 miles
- Storrs, CT 41 miles
- Stafford Springs, CT 42 miles
- Willimantic, CT 42 miles
- Norwich, CT 44 miles
- Pawcatuck, CT 47 miles
- Rockville, CT 50 miles
- Conning Towers Nautilus Park, CT 52 miles
- Nashua, NH 52 miles