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Getting Small Business Health Insurance

 


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Small Business Health Insurance

As a small business owner, you cannot underestimate the value of your employees. And both you and your employees share one unquestionable asset, health. Having a health insurance plan for your small business can prevent, neutralize, or eliminate the damage done by health problems.

You Can Afford It

What you can't afford, however, is employees plagued by health problems. Not having insurance could affect your bottom line more than having it. Most insurance companies offer customizable business solutions, made to fit the size and scope of different businesses, and minimize the cost of premiums.

Health Insurance Improves the Whole Workplace

Employees tend to pursue, and hang onto, jobs with benefits. And even though it costs a pretty penny, health insurance is considered by many to be a perk. Having health insurance also shows that you as a business owner value your employees for more than just their work skills. It boosts morale, and can significantly decrease the risks of employees becoming liabilities. Additionally, employees who do end up using the insurance appreciate the benefits of it and the job providing it.

Where Do I Get Started?

Many big name insurance companies have simplified the process of getting insurance. You have instant access to companies like Allstate, The Hartford, Aetna, Blue Cross Blue Shield, Assurant etc. There are also services like EHealthInsurance and Insureme that allow you to fill out one application, and brings the leading companies to you. There really isn't anywhere for you to start, you need to get a quote. When you get quotes, the details of the insurance plans will then be explained to you. However, you should understand the options available to you before hand.

  • Managed Care Plan-A managed care plan is a plan that utilizes a network of doctors and health care providers. This is usually the most affordable plan, keeping costs down for you and your employees. But high costs can emerge when workers seek out-of-network services.
  • Cafeteria Plan-Cafeteria plans allows your employees to create their own benefits package. The packages have a number of selections. For example, dental services may be one of the selections. These plans are becoming more commonplace, and are designed to better suit individual needs. Another benefit; cafeteria plans are paid with pre tax dollars, which will lower your payroll taxes.
  • Health Savings Account Plan- An HSA is a bank account that helps employees pay for insurance. You can help fund the account or not, its at your sole discretion. This plan does, however, require the employee to have a high deductible health plan (HDHP).

Finding the right small business health insurance plan is about getting coverage and managing costs. It's also about having the right company managing your health care. Talk to different agents, explain your needs and see what they come up with. And go for the company that makes administration easy for you and your employees.

This article was written by Julian Floyd, for free no obligation competitve quotes visit http://www.esmallbusinesshealthinsurance.com

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