Health Insurance advice for small Business owners 1-By QQBenefits.com Health Insurance Advisors
http://www.qqbenefits.com <br /> <br />Health insurance for small business owners <br /> <br />In last several years health insurance field has changed to a great extent. People are confused because everyday some new news comes their way. Getting the most relevant and authentic information is crucial at this moment to chose proper plan;and this is pretty personalised & differ from person to person. Our motto is - Get the proper health insurance coverage for you in the most convinient manner. <br /> <br />We'll be discussing about small business owner's insurance needs. If you want more details or information, do visit our website. <br /> <br />Small Business Definition <br />What is small business? “Small Business is any business where the number of employees is less than 50”. This def here is applicable for insurance purposes only. So the legal definition might be different. <br /> <br />Types of plans available <br /> <br />For a small business, mainly there are two types of health plans available - <br />a. Individual & Family Health Insurance coverage Coverage <br />c. Group Health Insurance coverage Plan <br /> <br />Individual & family health insurance - This is coverage for teh owner & his or her family members. As an individual, this is useful for the business owner. <br /> <br />This is a proper plan - for an individual. But this is not that good choice as a business owner, because your employees are not covered with this. That's why second choince is better. <br /> <br />Group Coverage Plan - Such plans are sponsored by employers. In these, the employer & employee typically participate in the same insurance coverage. The family persons are or can be covered in this type of coverage plan. These plans could also be better choice due to tax incentives. <br /> <br />Most important Factors <br />One must give proper thought to the following important factors. Among these various factors are - <br /> - The coverage amount <br />- Convenience & comfort <br />- Your need for specific Doctors/Hospitals <br />- Premium of the coverage <br /> <br />So think about these factors before choosing any coverage plan. <br /> <br />Preferrec Health insurance Plans for business owners <br />There are many options when it comes to choosing a coverage plan that is appropriate to your situation. Let's see which are the most popular or top coverage plans available. <br /> <br />1. HMO Plans <br /> <br />The health services & treatments required are provided by the HMO network of providers. Normally the services obtained outside of network providers, are not covered. <br /> <br />2. PPO Plans <br /> <br />Insurance provider companies has their own preferred service providers. They get first preference from them. Under this plan, one must go to the provider listed for services. If one goes to other doctors or hospitals, then he or she may not get full reimbursement of the treatment fees.
