As health insurance for small business

As health insurance for small business -

to bring a common question of small business owners is "how does our small businesses get health insurance? " In other words: "How does our small business to obtain health insurance we can afford?"

This is because even with new small business health insurance options , provide small businesses unique challenges when it comes to get the health insurance - with the number one challenge will cost

here is how small businesses can obtain affordable health. Insurance, some small businesses have not thought about in front of a cost-effective approach, including.

Set a budget

First, what can , the small business afford for health insurance? Set a monthly or annual budget to health of employees.

Tip: If the small business can afford, any contribution, then there is a solution, the health insurance they can afford. These options are discussed next.

Rate Health Insurance Options

understand Next and evaluate health insurance options. There are two core options for health insurance of employees contribute .:

1. Offer traditional small business health insurance (a "group health insurance plan")

2. a premium refund program listing (also known as allowances healthcare or contribution) to reimburse employees for individual health insurance.

to understand how these two options work, it is important to understand the two main types of health insurance :. Group health insurance and individual / family health insurance

group health insurance is a kind of health policy, purchased by an employer and eligible employees of the Company offered, and the dependent employee. With group health insurance, the employer chooses the plan (or plans) for employees to offer. The premium cost is often divided between the employers and employees, and there is a minimum percentage of the employers must contribute. With group health insurance, all employees have the same coverage, network of providers and carriers.

Individual health insurance plans are policies to cover an individual purchases themselves and / or their family - like car insurance. Anyone can apply for individual health insurance, and they typically cost 20% - 60% less than group health insurance premiums. With individual health insurance, employees can customize their coverage, network of providers and carriers.

From 2014 insurance companies can no longer drop people for individual health insurance is based on a pre-existing medical condition. Also from 2014 there is a new premium tax subsidies available to people who buy on the national health insurance marketplaces individual health insurance.

If small businesses on the individual health insurance opt route, they often offer employees a use health allowance for individual premiums . ,

: This type of offer is a premium refund program or contribution

Here is a summary of the group health insurance vs individual health insurance called

steps to Get health insurance for small enterprises

Now that you understand the basic options, here are the steps:

1. [Set a budget.

2. Decide. About Your approach (group insurance or individual health insurance with a premium refund program)

3. to get the job with a health insurance broker and / or reimbursement software vendors to choose the right benefits for your company, and deals.

4. [1945013Implementieren] the health benefits, including education and onboarding employees

See related .: 3 questions to ask yourself about small Business Health Insurance

questions about how to get health insurance for your small business? Leave a question below.

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