Purchasing group health insurance can be a rather intimidating task for any small business owner. This is especially true when you try to do it all on your own without any help. However, the process can be made a lot easier and less daunting when you decided to let a professional agent assist you in choosing the right group health insurance plan for your small business.
The value of an agent is hard to sum up in just a few words or even a couple of sentences. For starters, an agent sells insurance plans for multiple insurance companies, which means they have a variety of options at their disposal. At the same time, however, some agents may only sell for one or two insurance companies and can actually offer a lower premium cost. Agents can help ensure that you pick the right small group health insurance in regards to cost, the plan itself, and more.
For many small businesses, the problem with purchasing group health insurance is the cost. Many small businesses are hanging on by a thread as it is and cannot really afford to purchase health insurance, which is now required. In order to see if you can save money or qualify for a tax credit, considering the new Obama SHOP exchange is a good idea. Group health insurance can be quite expensive for a small business owner, so the SHOP Exchange may assist in lowering costs.
For any questions or help with finding the right group health insurance for your small business, call Bernardini & Donovan Insurance Services of Redlands, CA, and speak to a professional and helpful agent.
Individuals who are interested in understanding the benefits of having a small group health insurance plan should talk to an agent that specializes in the SHOP Exchange. Customers will quickly learn the value of an agent when they begin considering the many insurance options that are available through the Exchange. Agents who work with the Exchange are familiar with the different policy variations can work with small groups who are looking to purchase the right type of health insurance.
For more information about health plans for small or large groups of people, contact the reputable agents of Bernardini & Donovan Insurance Services. They can answer your questions and find the right health insurance plan to meet your group’s individual needs. The company’s agents specialize in servicing the needs of both large and small groups. If you or your group needs assistance navigating the SHOP Exchange, call their office today and speak with one of their qualified agents.
Starting in January, 2014, the Covered America SHOP (Small Business Health Options Program) will help California small businesses provide affordable small group health insurance for their employees through the program’s small business health insurance marketplace. The SHOP exchange will make it easy to offer employees a large selection of health plans generally only available to larger employers.
Small-business owners may enroll in the Covered California plans beginning on October 1, when the exchange is launched, for coverage effective Jan. 1, 2014. Depending on which of the 19 pricing regions they reside in, employers and employees will be able to choose between 3 or 4 carriers. SHOP plan choices will have good provider networks, a standardized set of benefits and a choice of insurers at competitive prices.
While rates will vary based on the region, the premiums for Covered California SHOP insurance coverage is fairly comparable to 2013 small-group market rates, which can possibly save small businesses money. There are four levels of health insurance plans offered under Covered California — Platinum, Gold, Silver and Bronze. Small-business owners will be able to shop online through the exchange to compare available coverage options for their employees.
Employers will be able to choose the best fitting coverage level, then choose the anchor plan that suits their budget. For more information about choosing the best level and anchor plan for your small business, contact the Redlands, California insurance experts, Bernardini & Donovan Insurance Services , today.