That's interesting. My state had something similar pre-ACA but it idn't have the two manager restriction. I had an LLC that was a member of the local Chamber of Commerce that allowed me to buy BCBS health insurance through the Chamber at small group rates. In our case my small group was DW and I and the LLC required that the employee/insureds pay 100% of the premiums (in other words, I paid them personally since the LLC didn't do any business other than belong to the Chamber).
As I recall, the premiums were similarly discounted compared to individual health insurance with similar coverage. The program went away when ACA was implemented.
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56...target 65/35/0 AA