Health Insurance Information For Small Businesses
How many times have you heard potential entrepreneurs who are unwilling to give up their day jobs and take the plunge, “because I’d lose my benefits”? That wimpy cop-out just doesn’t look at the big picture, and by spending the rest of your life working for other people, you may well be losing more than you gain. The fact is, those benefits aren’t just goodies that big companies can give you. You can give them to yourself and your employees.
In most states, insurance carriers offer health insurance for businesses with as few as two employees. For companies on a slim budget, you may wish to provide health insurance for yourself and your family at your own expense, while giving your employees the opportunity to buy into the plan as well. You can usually offer this option at no extra cost to your business, you just collect the premiums from your employees and pay the bill every month.
Small business insurance doesn’t have to be costly. Many smaller companies choose to purchase high-deductible plans in conjunction with a Health Savings Account, which lets you (or your employees) set aside tax-free money to cover medical expenses up to the deductible amount.
When looking for a small business health insurance plan, start by checking with whatever business associations you may belong to. You may be able to purchase it through your local Chamber of Commerce or other business affiliation. Continue reading.
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