Affordable Health Insurance Plans For Small Business

Affordable Health Insurance Plans For Small Business

Texas Health Insurance – Healthytexas For Small Businesses

To address the serious concern that 6 million Texans have no health care coverage, the Texas Department of Insurance has unveiled HealthyTexas, a new Texas health insurance plan for small business owners, the majority of whom are not able to offer coverage to employees because of the high cost of health insurance.  HealthyTexas allows state dollars to be targeted to uninsured low-income employees of small businesses.  Enrollees will have a slate of private insurance plans to choose from, and the program will in many ways seem like any other private insurance plan. Implementation is scheduled to begin in summer 2010.

 

If an individual’s total claims in a single calendar year are under $5,000 or over $75,000, the private insurer chosen by the enrollee will cover 100% of the costs.  If the total claims are between $5,000 and $75,000 HealthyTexas will pay 80% of the costs and the insurer will pay the other 20%.  The plan is administratively cost efficient because it is constructed on an effective existing model for employer-based health benefits.  Under this Texas health insurance plan, insurance carriers are protected against losses from a higher-than-expected volume of claims or claim costs. This system of reinsurance will keep HealthyTexas premiums affordable.

 

This Texas health insurance plan was developed after six years of study and research by the TDI.  To qualify for participation, a business must have at least two but no more than 50 employees and must not have provided any group insurance in the 12 months immediately prior to applying for participation in HealthyTexas.  Additionally, wages for 30 percent of the small business’ employees must be at or below 300% of the federal poverty limit and 60% or more must opt in to the program.   Employers in the plan will be required to pay 50% or more of the employee premium costs. 

 

Funding for HealthyTexas was appropriated by the 81st Legislature which approved annual funding $17.4 million for the Texas health insurance plan, as well as $171,000 for administrative costs, development and outreach.  TDI is responsible for administration of the plan and oversight of the Small Employer Premium Stabilization Fund to protect the insurance carriers.  The Legislature decided to limit participation in HealthyTexas to small businesses so that larger companies with access to more cost-effective group programs don’t drop their existing plans in order to take part in the state program. Employers will have to provide proof every year that they are still eligible.

About the Author

Charles Peeler has been providing Texas Health Insurance since 1993. For more information or to acquire a quote he recommends this Texas Health Insurance site.

 

Small Business Health Insurance Plans – How to Get the Best Rates

Ultimate Guide to the Patient Protection and Affordable Care Act (PPACA or ACA) – Understanding Obamacare and Your Health Care Insurance Options, New Plans, Pro $5.49 This important and up-to-date e-book provides a complete guide to the Patient Protection and Affordable Care Act (PPACA), signed by President Obama in March 2010 with coverage of every facet: top things to know; improvements available now and by 2014; patient bill of rights; small employer tax credits; Medicare donut hole rebate; pre-existing condition plans and high-risk pools; much more.

The New Health Insurance Solution: How To Get Cheaper Better Coverage Without A Traditional Employer Plan $19.19 You no longer need a traditional employer plan to get good affordable health insurance. The New Health Insurance Solution can help you cut your health insurance costs in half if: You’re self-employed an independent contractor or your employer doesn’t provide health insurance (you can probably get coverage on your own for about $94/month a fraction of what an employer would have to pay for the same coverage) You are employed and pay extra to cover your spouse or children under your employer-sponsored plan you may save 50% by taking them off your employer plan You own a small business and are getting killed by double-digit premium increases you can now give employees tax-free money to buy their own plans and get your company out of the health insurance business The book also explains in detail the best solutions for you if: You can’t find affordable health insurance because you or a child have an expensive preexisting medical problem (your state has a program to provide you with guaranteed coverage ) You’re currently putting money into an IRA or a 401(k) because you don’t realize that an HSA is always a better option You’re unsure how you or your parents will be able to afford health insurance during retirement or how to maximize benefits from Medicare including the new Part D prescription drug plan The New Health Insurance Solution is the definitive guide to the new ways every American can now get affordable health care without an employer. PAUL ZANE PILZER is a world-renowned economist a former advisor in two White House administrations an entrepreneur/employer an award-winning adjunct professor at NYU and a New York Times bestselling author.

The New Health Insurance Solution: How to Get Cheaper, Better Coverage Without a Traditional Employer Plan $8.99 You no longer need a traditional employer plan to get good, affordable health insurance. The New Health Insurance Solution can help you cut your health insurance costs in half if: You’re self-employed, an independent contractor, or your employer doesn’t provide health insurance (you can probably get coverage on your own for about $94/month—a fraction of what an employer would have to pay for the same coverage) You are employed and pay extra to cover your spouse or children under your employer-sponsored plan—you may save 50% by taking them off your employer plan You own a small business and are getting killed by double-digit premium increases—you can now give employees tax-free money to buy their own plans and get your company out of the health insurance business The book also explains in detail the best solutions for you if: You can’t find affordable health insurance because you or a child have an expensive preexisting medical problem (your state has a program to provide you with guaranteed coverage ) You’re currently putting money into an IRA or a 401(k)—because you don’t realize that an HSA is always a better option You’re unsure how you or your parents will be able to afford health insurance during retirement, or how to maximize benefits from Medicare—including the new Part D prescription drug plan The New Health Insurance Solution is the definitive guide to the new ways every American can now get affordable health care—without an employer. PAUL ZANE PILZER is a world-renowned economist, a former advisor in two White House administrations, an entrepreneur/employer, an award-winning adjunct professor at NYU, and a New York Times bestselling author.

To Provide Quality, Affordable Health Insurance For Small Employers And Individuals. $11.78 The BiblioGov Project is an effort to expand awareness of the public documents and records of the U.S. Government via print publications…

To Provide Employees Of Small Employers With Access To Quality, Affordable Health Insurance Coverage. $14.4 The BiblioGov Project is an effort to expand awareness of the public documents and records of the U.S. Government via print publications…

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