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getting health insurance on employement base.

either for self-employed or if hiring someone else, do you see more benefits (better coverage or more reasonable rates) than if you get own personal health insurance. if going through business (self or hiring) has more benefits, will proving your company's status the one criteria to qualify for that bucket, when dealing with insurance companies? can you share your experience please?
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25112
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25112
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7 Solutions
 
Jim HornMicrosoft SQL Server Developer, Architect, and AuthorCommented:
No idea what you're talking about.   Please restate your questions in complete sentences.

In the US group benefits are always a better deal that individual plans.
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arnoldCommented:
it depends on the size of the company and their option.  The rate will depend on the group.
If you get it on your own, the insurer will place you in a group.
When you are the one buying, you are responsible to make sure your policy covers your needs
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notacomputergeekCommented:
Best rates - usually an employee of a large company
Self-employed - it's better to have a minimum of two employees to be considered a "group". Owners are considered employees, so even you and your spouse would count as two. You would need to structure the company as a multi-member LLC.
Worst rates - individual coverage. However, individual coverage has changed considerable since the Affordable Care Act. You can go to your state exchange or if your state does not have an exchange, then the federal exchange (healthcare.gov). Depending on your income and family size, you may qualify for a tax credit that can be applied monthly to offset the premium.
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25112Author Commented:
thanks for explaining. Yes, it will be one employer and two employee scenario.

so will be asking for the rate for 3 people in a group, right? do you recommend just calling one company at a time to see what feature they will offer for a group of three? (do they care between small numbers of 3 or 4 or 5, if one or two more employees are hired in the coming months?)
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notacomputergeekCommented:
At that size, you'll qualify as a group, but likely won't see any better premiums by adding just a few more.

I would shop around and get at least 3 quotes before making a decision.
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arnoldCommented:
See if you have a small business association that you can join and get coverage as part of their group if available.
....
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notacomputergeekCommented:
Arnold, that's a good suggestion. The Chamber in our town provides it, but the rates they quoted me were no better than what I could get on my own.

25112, I also seem to remember that a minimum percentage of the employees must "opt in" before the insurance company will cover you. For example, if you have 4 employees and only 1 took the insurance, I'm not sure the insurance company would allow that. Check with the insurance companies on this.
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dhsindy SparrowRetired considering supplemental income.Commented:
I have worked for two insurance companies (not in health insurance).  My main impression is they underpay their employees (no wonder you get such bad service).  They can be sneaky if legal.

Working in insurance upset me enough that I changed career paths.  I got good experience and have no trouble dealing with insurance companies, now, because I received good training in theory of insurance.  Most regular people have no idea how complex insurance can get.
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25112Author Commented:
thank you for the helpful guidance. we'll get it soon.
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