A Look at Health Insurance

A Look at Health Insurance
Copyright © Jose Love


http://www.yourescape.2freedom.com

Starting out in the world of business takes a few

things. One, capital investment to get started,

two, the right advertising to meet your target

demographic, three, a great product or service to

provide to the community, and four, employees

willing to help your company get off the ground.

And when it comes to employees, the market is

tighter than ever. Today’s small business owners

must get creative and extensive if they want to

attract the best employees possible. No longer will

competitive salary alone get the job done. With

rising healthcare costs, few employees can afford

to be without some form of company insurance. There

is nothing in the law books saying the small

business owner has to provide insurance, but he

fails to do so at his own peril. There are too many

other places to work to take this type of cavalier

attitude toward offering health insurance. In

today’s business world, it is a must.

The best way for these plans to work is for small

business owners to sign their employees up with

some form of group health insurance. These rates

are typically not the best for small businesses,

which will of course have fewer employees in the

plan than larger businesses of the same type.

Still, it’s better than nothing, and you will at

least start to become competitive as far as

attracting and keeping employees. You can, of

course, do your own independent things to make sure

your health insurance rates stay within reasonable

amounts. This could include mandatory drug testing,

and even a no-smoking policy. Becoming OSHA

certified and providing on the job safety and

health training can also help to cut health

insurance costs.

Another way for a small business to cut health

insurance costs is to lease their employees from a

larger company. The employees would then become

independent contractors of a sort, but would be

able to obtain health insurance benefits through

the larger outsourcing company. Because these

companies have an enormous amount of employees in

their contract, it makes getting terrific group

health insurance rates that much easier.

If all of the options for health insurance seem too

daunting, and you feel your time would be better

served figuring out other areas of your business,

consider bringing on an insurance broker. These

brokers can help navigate through the health

insurance jungle and help you to discover the right

plan for your company. It also doesn’t hurt to

simply ask your employees which aspects of health

insurance are most important to them. Find out

whether they would rather pay slightly higher

premiums in exchange for lower deductibles or vice

versa. This employee survey can put you in the

right direction.
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