WHAT
WORKS
WELL FOR
SMALL
MOM AND
POP
GROUP
HEALTH
INSURANCE?
Best Options for Mom and Pop Businesses
So you’re self-employed, living the dream of Americans? Congratulations!!! You own the responsibility for purchasing your own California medical insurance plan. Medical insurance as you surely realize by now is largely tied to your employment or lack thereof. 65% of our population has medical insurance coverage through their employer. This number is steadily dropping as California medical insurance premiums become more costly and Employers are forced to scale back. An employer might forecast 10% of an employees salary is to be budgeted for medical insurance premiums but this percentage is less and less applicable. But now as you own your own business you realize what a burden your employer was assuming for you. Fortunately, savvy and experienced insurance agencies like us can show you how to qualify for coverage and get the best possible ratio for rates/benefits.
Do you qualify for Individual and Family California medical insurance?
Generally speaking if you ask someone if they are healthy the answer is almost always a resounding ‘yes.’ It’s also very common for someone to complain about the health insurance industry and it’s pitfalls, but say- “but what I’ve got is fine and overall I’m happy.” If you are a Mom and Pop business with no w-2 full time payroll employees then you may first want to try to obtain Individual and Family coverage because the premiums are generally less expensive than Small Group plans but still tax deductible at 100% for the self employed. Ask yourself a few deeper questions which will be much more telling about whether or not you may qualify:
- am I average height and weight
- do I take any prescriptions
- have I had any surgeries over the last few years
- what did I last visit a doctor for
California Medical Insurance Small Business Plans
If you’ve had some recent surgeries or take several prescription medications Small Business coverage might be your only path. The plans are more expensive but give you several advantages. They are ‘guaranteed issue’ regardless of employee/owner medical condition, are tax deductible to the business, and are a great benefit to attract and retain employees. You can also purchase stronger plans than you can on the Individual side. There may be some work in getting your paperwork ready for qualification.
Other
important
resources:
Carrier
comparison
in
California
California
Small Group
health quote
California
Small Group
online
doctor
listing
California
Group
Enrollment
and
Eligibility
Center
