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Old 4th September 2006, 05:58 PM   #1
smilenlove
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Smile Health Insurance For a Small Business

Hi everybody!

My name is Mona Doytchinova.
I am a new member.

I was interesting about health insurance for a small business.
Someone told me after January 2007 are going to pass a low about small business to have a health insurance and is going to be helped by govermant.

I appreciate if someone tell me about health insurance for a small business.
REGARDS

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Old 20th December 2006, 05:23 AM   #2
Allan21
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The purpose of insurance is to transfer a risk that you can afford (i.e. the payment of a premium with no guarantee of its return) to cover a risk you cannot afford. For example, what homeowner does not insure their personal residence from damage due to fire? Insurance is not only going to be important to you but it will be important to your other business relationships. For example, if you choose to lease office space, the landlord will typically require that you furnish a certificate of insurance or be listed as an additional insured on your policy as assurance that your business will not disappear overnight in the event a loss occurs.

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Old 12th January 2007, 09:18 PM   #3
daveson
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Smile cheap and best health insurance

Every year I seem to receive a notice that my health insurance premiums are going up. While this doesn't surprise me, the amount that it increases does shock me. Upon my next renewal, my quarterly payment will go up about $200. I am now paying more than twice what I originally paid when I first bought this policy about seven years ago, and I've even cut back on benefits significantly over the years. In seven years time, I'm paying more than double and receiving less coverage.
I checked some quotes at (link removed OWG) and was able to check on several premiums I can afford.

Hope this helps.

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Old 30th January 2007, 02:10 PM   #4
wur89
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There are many different options available for small business owners. Sometimes group health insurance makes sense while other times individual health insurance is the best bet. As far as tax benefits, if you have some net schedule C income then you will be able to deduct 100% of your health insurance premiums against your net schedule C income.

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Old 28th February 2007, 02:56 PM   #5
Ranz
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Select the best options and the best insurance company you should involved with. Be prepared for this. You can have the business insurance which covers all the company employees and its families.

Have to think of this. This is very essential in the business.

Checked for the latest government financed insurance if ever.

Hope you can have one in as early as possible.

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Old 1st March 2007, 06:37 AM   #6
Corey Bryant
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Quote:
Originally Posted by daveson View Post
Upon my next renewal, my quarterly payment will go up about $200. I am now paying more than twice what I originally paid when I first bought this policy about seven years ago, and I've even cut back on benefits significantly over the years. In seven years time, I'm paying more than double and receiving less coverage.
I checked some quotes at (link removed OWG) and was able to check on several premiums I can afford.
Be careful about reducing your coverage. You can reduce your coverage but then if you want to increase your coverage, then it is basically like getting insurance again and you will be quoted at the age you are now.

I received personal insurance last year and it went up about $30.00 a month. I called them to talk to them about reducing coverage since I got into a group plan, but they said that if I ever wanted to increase it, I would have to go through the sign-up process again. And with my current medical diagnosis, they said that it would probably be $1,000 or so a month, if I was lucky enough to even get it.

I went to eHealthInsurance. It turns out they are actually based right down the street from us when we were living in Encino.

Stay with the higher coverage, it will protect you more in the end. With the personal plan, I am out of pocket $1,500 a year. My deductible is $500 but they have added this new thing called co-insurance which basically costs me $1,000 a year.

You might also talk to your local insurance agent. They helped me out a lot about seven years ago when I was an office manager. A lot of times, that is just easier and they will explain everything to you

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Old 21st June 2012, 12:03 PM   #7
chizcurlz
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Just in case you can't afford buying a health insurance coverage for the employees or workers of your business, you might want to consider a health plan for them.

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Old 2nd October 2012, 12:51 AM   #8
Michael321
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Well I was also in search of some health plans. Thanks for posting

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Old 29th January 2013, 01:46 PM   #9
PacificReserve
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Your best bet is to find a local health insurance agent. They will be able to assess your business and give you different options to provide coverage for your employees.

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