Health Insurance Advice for small business owners

May 2, 2014 | Publisher: -shennamerritt1-yahoo-com | Category: Other |  

Q Q Benefits Presents Health Insurance advice for small Business owners Currently health insurance field seems very dynamic. People are confused because everyday some new news comes their way. Thats why it is really impor- tant now to get proper information about most appro- priate health insurance for you. And it is different for everyone. Our whole site is dedicated in helping you find proper coverage. Here, we will be discussing the insurance needs of small business owners. For more details pl visit the site. Because here we cannot give all the details due to space restrictions. Small Business Definition - Small Business is any business where the number of employees is less than 50. Note that this defi- nition is used here for the purpose of health insurance only. So the legal definition might be very different. But here this is solving our purpose. Types of plans available For a small business, mainly there are two types of health plans available " a) Individual & family health insurance & b) Group health insurance Individual & family health insurance - Individual & family health insurance plans are purchased to cover the business owner & his family members. So as an individ- ual, the business owner can apply for this plan. As an individual, this could be good plan. But as a busi- ness owner this may not be the best plan. Because you have to take care of your employees also. In such cases next option is better one. Group health insurance- Small Business insurance plans / Group Insurance plans these plans are mainly em- ployer sponsored health coverage plans. In these, the em- ployer & employee share the insurance coverage last. The family members could also be included in the cover- age. These plans could be better choice due to tax incen- tives, too. Most important Factors Whenever chosing any types of plan, we must consider the fac- tors that are important for you. Among various factors are " - The amount of protection you want - Convenience & comfort - Preferences to specific hospitals / Doctors - The money you want to spend So think about these factors before chosing any coverage plan . The most popular plan Types There are many options when it comes to choosing a coverage plan that is appropriate to your situation. We shall discuss some of the most popular ones here. 1. HMO " Health Maintenance Organization Plans An HMO network of providers offers the range of health care services in this plan. Normally the services obtained outside of network providers, are not covered. 2. PPO or Preferred Provider Organization Plans Every insurance company has certain Doctors or hospitals on their list. These are their preferred providers. Under this plan, one must go to the physician listed for getting health treatment. Non-preferred service charges may not be rendered. 3. Indemnity Health Insurance Plans These plans offer maximum freedom. You can decide which Doctor or hospital will treat you. Mostly in this, you pay up front for the treatment & the insurance company then reimburse you. So these are some of the most popular plans available for a small business owner. As stated above, for further details do vis- it our site & chose most appropriate plan for you. For More Details Visit -


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