Let’s get started. Get started by gathering and organizing important information that will help you (or a broker) find the best plans for your business. Basic Business Information As you prepare to shop for health plans, it’s important to have basic information about your business organized and readily available—you’ll undoubtedly be asked for these details …
Once you’ve learned about health insurance basics for small businesses, you may decide that purchasing group coverage is simply not an option for your business right now. If so, it’s important to understand that there are several alternatives for you to explore that may protect your employees at little or no expense to your business. …
Employer Group Quotes At this point you may well be wondering what type of coverage might work for your business. Healthcare plans are complicated and many plans can’t be neatly characterized—as an HMO, a PPO, and so on—but offer a mix of features, and what they cover may change frequently. The following sections will …
May 21, 2021 The cost of health coverage is the main drawback for many small employers who want to provide healthcare for employees. Still, there are ways to keep the costs down. Below we look at typical costs of health insurance plans, as well as the paperwork and administration that come with the territory. Typical …
May 21, 2021 Besides offering access to affordable health services, group coverage also helps businesses in ways relating to employee retention and tax benefits. Below, we outline the main ways that purchasing a group policy can benefit you, your business and your employees. Better Access to Care People who have health coverage are in a …
May 20, 2021 Over the last few days, you may have started to receive calls and emails from clients about the Blue Cross Blue Shield settlement notice that is being sent out, and while you should avoid giving legal advice to your clients about whether they should file a claim or not, it is a …
Buying insurance for your small business (group coverage) has different rules than buying just for yourself or your family (individual coverage). Below, we outline the basics behind group coverage. What Is Group Coverage? Group medical coverage refers to a single policy issued to a group (typically a business with employees, although there are other kinds …
If existing ACA marketplace policyholders don’t take any action, they’ll still receive the additional benefit as part of their premium tax credit when filing their federal income tax return next year. Beginning April 1st, 2021 consumers must come back to a certified web broker or healthcare.gov to update their marketplace application in order to receive …
Increased premium tax credits based on the lower income contribution percentage along with expanding tax credit access to consumers with household incomes above 400%, are available through a certified web broker through HealthCare.gov starting on April 1. This means that new consumers and current enrollees who submit an application and select a plan on or …
What is CHIP? The Children’s Health Insurance Program (CHIP) is a joint federal and state program that provides health coverage to uninsured children in families with incomes too high to qualify for Medicaid, but too low to afford private coverage. The upper eligibility levels in separate CHIPs range from as low as 170 percent of …
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