Compare Healthcare Insurance Quotes
One way to buy healthcare insurance plan is to purchase an individual or family plan. Most employed people get healthcare insurance through their employer. This insurance could be fully sponsored by the employer or arranged through him as group health insurance at lower rates. Another type of health insurance is for people who are self-employed. All major insurance companies have plans which suit the needs of every type of customer.
Small Business Healthcare Insurance
Health insurance for employees contributes significantly towards employee retention, less absenteeism and tax benefits for the employer. Businesses with less than 50 full-time employees are not required by law to provide health insurance to their employees. If a business has above 50 full-time employees or equivalent they are obligated to offer health insurance to the employees.
Some options to get health insurance for small businesses –
- Small Business Health Options Program (SHOP)
Businesses with less than 50 full-time equivalent employees can buy plans from the state-run SHOP marketplace. This lets the employees choose plans from a wide range of private insurance plans which are available in the marketplace. This program also gives affordable options to employers along with convenience. Employers can offer SHOP insurance plans to their employees at any time of the year and do not have to wait for the start of the open enrollment period. Eligible employees can get small business health insurance quotes and understand their options.
- Private Health Exchange
Small groups can also get health insurance through health insurance agents who offer private health exchange comprising of a few plans within the specifications of the employee.
- As Part of an Organization
Employers can get affordable health insurance plans through associations or organizations.
For small business owners, health insurance purchase for their employees is an important decision. They need to collect the medical insurance quotes which suit them and make a comparison. Plans can range from low-cost basic plans to more expensive plans with wider coverage.
Self-Employed Health Insurance
Self-employed people are those who work on their own and do not have any employees working for them, like consultants, freelancers, independent contractors etc. These people have to cover for their own medical needs and those of their dependants. Self-employed life insurance can also be bought on individual basis directly from the insurance companies. Self-employed people can also get tax-exemptions on their medical insurance premiums.
Some of the best insurance for self-employed people are –
- Individual and Family Plans –
The most common thing is to buy individual and family plans from the huge offering of health insurance plans – either through the health insurance exchange or directly from the company. Since these people do not need to purchase plans for any employee, they are free to choose their own plans.
- Through Associations –
You can get access to affordable health plans by associating with an organization like National Association for the Self-Employed or Freelancers’ Union. The membership benefits include health insurance options.
- HSA Plans –
Self-employed people can set up Health Savings Accounts to serve their medical needs when necessary.
If you have at least one employee, other than yourself or your family member, you can avail of the plans under small business health insurance category.
As per the Affordable Care Act, small businesses which have less than 50 employees are not obligated to offer healthcare insurance for their employees. Lager businesses have to offer affordable healthcare options to their employees as per law. There are numerous healthcare insurance carriers who offer different types of group plans or less expensive medical insurance plans which fulfill the main requirement of affordability and wide choice for small business owners. Authorized insurance brokers will give healthcare insurance quotes to help them find the most suitable package of healthcare benefits.