With the various health insurance options available today, it’s easy to see why people are confused. Basic options include group health, individual health plans and short term coverage. Get the facts about all of your options so you make an educated choice about your health insurance coverage. What is Group Health Insurance? Companies purchase group …
Category: Group Health Insurance, Health Insurance
Self-employment offers freedom and the ability to control your workflow independently. But this means giving up benefits provided by employers, such as group health insurance and a pension plan. Or does it? Discover how to get Ohio group health insurance when you are self-employed. What is Ohio Group Health Insurance? A business purchases group health …
Category: Group Health Insurance
Group health insurance is mandated for every company that has over 50 full-time employees. This mandate helps each person working for that company be insured under current health care law. These group insurance plans, which can be purchased from different carriers in Ohio, can be fully-funded, self-funded, limited benefit or minimum essential coverage. All of …
Category: Group Health Insurance
One goal of the Affordable Care Act was to offer small group health insurance plans (typically 20 employees or less) on the upcoming health insurance exchanges. This difficult task has proved unobtainable and has been pushed back to 2015 at the earliest. While it appears that most of the state and federal exchanges will be up and …
Category: Group Health Insurance
Rising group health insurance rates are one of the most significant expenses facing businesses and groups of all sizes. Premiums can increase year over year by 10% or more as insurance carriers struggle with rising medical costs and new benefit requirements. Companies and groups who wish to offer low deductible, high benefit plans are experiencing …
Category: Group Health Insurance
As part of the implementation of the new health care reform laws, Ohio small businesses providing group health insurance for their employees can write off a portion of their premium payments. The Affordable Care Act allows employers who pay at least half the cost of single health insurance coverage premiums for their employees to claim the credit. Employers …
Category: Group Health Insurance
Whether you manage a small or large number of employees, it can be a painstaking and time consuming process to obtain group health insurance quotes in Ohio. If you have a new business or are shopping for better rates on your existing plan, correctly filling out applications with several companies can be a tedious process …
Category: Group Health Insurance
In an overall effort to insure more Americans, “pay or play” mandates appear to be a part of the Obama administrations health care reform efforts. While this legislation is still in its infancy, it is moving quickly as Congress attempts to draft a bill before summer recess. Mandates already exist in the State of Massachusetts, …
Category: Group Health Insurance
This most recent downward economic spiral is negatively impacting the bottom line for many corporations. Companies both large and small are laying off employees at record levels in order to maintain profitability. Many businesses are simply looking for immediate ways to lower costs. A simple, yet effective solution is to purchase less expensive group health insurance coverage. Changing health insurance plans or switching …
Category: Group Health Insurance
Health insurance premiums will rise year over year for most Ohio businesses. In some cases, rate increases will be well above 10%. Fortunately for business owners, the group health insurance market is a competitive industry. There are several insurance companies willing to undercut their competitors in order to enroll new clients. A business entity, depending …
Category: Group Health Insurance