Weighing the Costs and Benefits of Small Business Health Insurance

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“You can feel reassured, live worry free and have peace of mind. Get emergencies, prescriptions, and procedures covered at a price you can afford. Your approval is guaranteed, so you can even take control of some preexisting conditions, and have more time to focus on your business.”

Show your employees how much you value their services, and improve your business by…

  • Reducing the health problems that keep employees out of work. This will improve consistency and productivity.
  • Being able to provide an attractive benefits package that will attract and retain the most qualified candidates in your field. Grow with your team, and form an experienced staff who knows how to work together successfully.
  • Getting quality care. Employer-sponsored plans provide premium coverage. This means your workers will get financial relief for treatments, as well as the best assistance for chronic and recurring illnesses.

Save time, save money, apply online

There are services available, at no extra cost to you, that can save you money by comparing quotes from different companies. They provide a simple, broad view of the marketplace for small business health insurance products. You can apply online, but may not be approved until you actually consult with a company representative.

See what the marketplace has to offer for free

To make sure you have a better understanding of the marketplace, you get information about group health insurance, family and individual health insurance, small business health insurance, self employed health insurance, hsa plans, and cafeteria plans.

And while applying online has its advantages, getting professional assistance directly from an insurance provider is also good.

Do you or your family members already have health insurance, or car insurance? Talk to your provider. Do you have partners, or people you know who own businesses? Follow up with their people.

Using the online resources, and following up on the phone could take less than forty five minutes.

The biggest online names are Ehealthinsurance, Goinsurance, and the Small Business Health Insurance Network.

So what kind of prices are you looking at?

You may need to budget anywhere from $1500 to $2300 for each employee annually. Bear in mind that plans may require you to pay fifty to eighty percent of the premiums. And also understand this is a minimum recommendation, because with the variety of small business staffs throughout the nation, averages in certain areas have been significantly higher.

The costs alone can turn a lot of business owners off, but employers who do offer benefits report several positive effects…

  • Increased loyalty, and a reduction in turnover
  • Reduced absenteeism, with increased productivity
  • Met the expectations and demands of workers

It’s already benefited others, and it can have the same impact on your business.