Prototype Administrative Solution Tool Helps Self Employed Get Health Insurance
Looking for an inexpensive small business health insurance plan? Here’s how to get affordable small business health insurance with a reliable company.
What is small business health insurance?
A small business health insurance plan provides health care for companies with two to fifty employees. The advantages of these plans are:
1. Premiums are lower than with individual plans
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2. Coverage is more extensive
3. Contributions made to these plans by employers are tax deductible
What types of coverage are there?
There are two categories of coverage:
Comprehensive health care plans – These plans provide complete medical protection. They pay for your doctor bills, hospital expenses, and prescription drugs costs.
The most popular comprehensive health care plans are HMOs. With these plans you pay a monthly premium to join the HMO and are given a list of doctors and hospitals you must use for your health care. You pay a co-payment of usually $5 to $10 for each doctor visit and your HMO pays your medical bills.
Gaining in popularity are medical savings accounts (MSAs). These plans combine a savings account with a low-cost, high-deductible health insurance plan. You put money into the savings account to be used for minor medical expenses, and use your health insurance plan to pay for major expenses.
These two plans are the most affordable of the comprehensive medical plans.
Specialized heath care plans – These plans provide coverage for a particular illnesses or medical situation. These plans include:
* Catastrophic illness plans – Also known as major medical plans, these plans pay for hospital costs associated with a major illness like cancer or heart disease. They do not cover ongoing doctor visits or prescription drug costs.
* Accident only plans pay for medical costs associated with accidents – sprained ankles, broken fingers, etc. – and do not cover illnesses.
* Specified disease plans pay for medical costs associated with a particular disease such as cancer, heart attack, or AIDS.
Specialized health care plans are usually cheaper than comprehensive plans because they provide only limited coverage.
Where can I find the most affordable plans?
Visit http://www.LowerRateQuotes.com/health-insurance.html or click on the following link to get affordable small business health insurance quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.
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First Draft debuted BlogTalkRadio.com HireLyrics Born-To-Serve Talk Radio Show May 25, 2009, Q&A discussed Systemic Industry Mechanized Attacks and Mechanized Administrative Solutions in the form of US Citizens Controlled Public Search Incident Report Docket Thread Database to remedy victimizations of Americans by Transitional Living Arrangements, Child Support, Child Custody and Child Welfare, Convict and Addict Half Way House and Residential Facilities, Medical, Insurance for Self Employed …
Help answer the question about small business health insurance
I need small business health insurance. What are some good options for a 2-5 employee company?About Author
The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on affordable small business health insurance.
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Insurance Administrative Solutions, Agent Info -12 Responses to “Prototype Administrative Solution Tool Helps Self Employed Get Health Insurance”
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June 22nd, 2010 at 4:37 am
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June 22nd, 2010 at 5:09 am
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June 22nd, 2010 at 4:38 am
You should request information from all the major health care providers in your area. Make sure you ask for price sheets that compare all of their plans. Once you have them you can compare all the companies. The best rate will probably be an HMO, but look into others as well. Also ask your employees what they want in health care coverage, or what plans they had with other employers.
June 22nd, 2010 at 4:39 am
healthplans.my-age.net – here is my health insurance plan. As I remember they can provide such a service.
June 23rd, 2010 at 1:31 am
~~There may be better tax advantages by incorporating but it will not affect your premiums. I don't know what state you live in, but I will give you the number to our insurance agent we use with Costco Insurance. Her name is Lisa and call her at 1-800-611-9057 ext #2206.
We currently have Costco Insurance which is under our business (has to have two people covered) and is through United Healthcare. They are excellent and our premiums for great coverage are very reasonable. It does go by age, so the younger you are the less it costs.preexistingting clause is required. Dental is also available.
Our business is suffering from the bad economy so we are currently working again with her to get us more of a major medical coverage to reduce the premiums, because things are so tight. This girl has gone out of her way to find us a top notch policy at unbelievable rates. It isn't through Costco anymore, which I loved having their backing, but it is with Blue Shield and it is still a very trustworthy insurance.
She'll do whatever she can to get you great insurance. We've used her for over 6 years now and she is awesome. I hope you live in a state which she can sell in. Good luck!~~
June 23rd, 2010 at 7:53 am
Well, COBRA will most likely cover maternity. Individual plans won't.
And, individual and small business plans are individually underwritten, so the company can say, "oh, you have XYZ wrong with you, we'll take you, but we won't cover anything related to XYZ". Or worse, "sorry, we won't insure people with XYZ". Cobra won't do that.
June 23rd, 2010 at 6:21 pm
PROTOTYPE U.S. CITIZENS CONTROLLED PUBLIC INCIDENT DATABASE IS BEING DRAFTED, DEVELOPED AND ANNOUNCED on HireLyrics Blog Talk Radio Show every Sunday at 11 AM! Call In Telephone Number: 646-200-4377, Chat Room Open for your documenting your administrative horror stories, comments, questions about how you and/or your family were harmed by a quality of life crushing machine like system, institution or process.
June 23rd, 2010 at 9:55 pm
There are too many variables to answer how much the insurance would cost, such as how many employees, their gender and ages, current health status, whether their families will be covered, and what the business is. If it is just you and/or your immediate family you would need an individual policy. Many companies will write group policies for as few as two employees but I recommend a group policy only for groups of 10 or more. The reason being; if someone in your group becomes ill and needs a very expensive medical procedure your group rates can go up dramatically (300%-400%). With individual policies that doesn't happen.
Your best bet would be to contact a local independent agent who can match you up with a company that provides the most benefits for a reasonable premium. The insurance cost the same going through an agent as it does doing it yourself, so use their expertise. If you can't find a local agent go to this website: http://www.yourhealthplanadvisor.com/ooshealth.html – type in your zip code and fill out the form and expect several agents to call you.
One word of caution. Stay away from the policies that advertise "affordable group rates" for the self-employed. There is too much dirt on these companies to go into here.
June 23rd, 2010 at 10:52 pm
You will pay through the nose for any. Try Blue Cross.
June 25th, 2010 at 5:08 am
OK, I've written business insurance on businesses owned by felons. It's not a deal breaker, but for a NEW business, you're likely going to be in the surplus lines market. You need to go to an independent agent, give them details on the type of business it is, and get quotes for the business insurance.
If you're only buying health insurance for one or two employees, it's going to be INDIVIDUAL coverage, not a group plan, in most states. It gets underwritten and priced based on the age, the health, and the coverages. If the agent doing the business insurance isn't licensed for health insurance, ask them for a referral.
**caveat – any illegal acts committed by an owner of the business are NOT COVERED anyway – just want to make sure you know that. If the partner runs off with the stock, it's your loss.**
June 25th, 2010 at 7:03 am
It depends on several factors, including the type of business, age of the group members, general health and claims experience of the members (and any family members also included in the plan), location, type of plan, and deductible.
For the sake of comparison, if everyone is in fairly good health and not working in a physically dangerous job, in Virginia a plan with a $500 deductible (and $25 copayments for doctor office visits from day one) would run approximately $3000/month. If anyone in the group is seriously overweight, or has any significant health issues, it could easily go to $4500 (or more, depending on how many people have issues.)
Honestly, you'd really need to speak with an agent who can help you determine what's called the CMF (a rating factor they use based on the health and claims experience of the members of the group) and figure out which plans might be a good match.
If you're looking in Virginia or West Virginia, I can help you. You can contact me directly via email, if you like.
June 25th, 2010 at 8:01 am
Simply put Obama's plan is doomed to failure because Government run Healthcare does NOT work.
I investigated both Medicaid & Medicare Fraud for 28 years and observed hundreds of millions of dollars being stolen by the Providers ( Doctors ) & the Recipients ( Patients ) from the Government.
I once arrested a Dentist in Bronx, NY who billed Medicaid for $ 350 work of ficticious dental services on 40 medicaid recipients ( who were substance abusers ) each day.
For 18 months until he was apprehended & arrested this Dentist paid 40 Recipients 10 dollars each to come to his Office so he could x-ray their mouth.
The Dentist received a daily check of $ 13,500 per day for " working " from 10 AM – 12 Noon.
I arrested another Dentist who was heard on an undercover recording explaining to her hygenist why She ( Dentist ) did not sterilyze her instruments that she used on different patients.
The Dentist answered " Why do you care if I sterilyze my instruments or not ? They are all junkies with AIDS & they are all going to die anyway ! "
So much for Government Run Universal Health Care