Annual increases are more like 7.7%.
The Kaiser Family Foundation, and the Health Research and Educational Trust, both independent non-profit groups with a mission to provide healthcare information, publish an annual survey entitled “Employer Health Benefits.” The study has shown a decrease in annual health care inflation - to 7.7% in 2006, in a downward trend.
The best health insurance for you or your small business depends on the laws in your state, the available insurers in your state, and the health status of you and your employees.
Individual health insurance where you are issued a policy (not to be confused with association group health insurance sold to individuals where you get a certificate of coverage) can give the lowest rates for the healthy. As you get older, the rates will go up, but not to the degree they will if you have a significant medical condition.
People with a serious medical condition will find that they need a guaranteed issue small group for states that don't have community rating or a program in place to help. States with programs like these are ME, MA, NY, NJ, OR, VT, WA, and others that offer guarantee issue insurance through Blue Cross Blue Shield.
The ultimate reason to get small business health insurance is to attract and retain workers. But if your workers are savvy enough to understand enough health insurance, you could offer money to fund their own health insurance policy - including possibly filling up their HSA account. And you might pay less this way than if you buy a small group policy. Think about it.
Author, Get a Good Deal on Your Health Insurance Without Getting Ripped-Off
ISBN: 978-0-9794-7810-9
www.BestHealthInsuranceBook.com
Edited by: JonathanPletzke - Oct. 20 2007 at 8:47 PMAuthor, Get a Good Deal on Your Health Insurance Without Getting Ripped-Off
www.BestHealthInsuranceBook.com
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