It was the best of times, it was the worst of times… The opening phrase from Dickens’ a Tale of Two Cities, seems to depict today’s health insurance market. Let’s switch it around a bit by saying that, in terms of health insurance, these could be considered the worst of times, to most individuals anyway, yet, for the small to middle group-insurance market these could possibly be the best of times in product innovation.
Let’s get the grim facts out of he way before I shower you with positive and tantalizing information which will help you to grow your business. In the aftermath of the Affordable Care Act insurance premiums have risen anywhere from thirty to thrityfive percent, personal deductibles are capping at $6500 per year, HMOs and POS (hybrid between an HMO and a PPO) are the fare of the times, PPO’s are becoming as extinct as your favorite dinosaur, your medication of choice is being switched for god-knows-what, and so-on and so-on and so-on… Yet, at the end of what seems to be a dreary tunnel, a glimmer of light shines upon the life of the group health policy.
For the small and middle sized company the possiblities, although not endless, certainly open themselves to options never before seen, or envisioned to exist. Would you believe me if I tell you that a company with as few as two employees could receive similar benefits as a large company? What if I tell you that a company with as few as twentyfive employees can look into the possibility of self-insuring.. would you believe me then? Maybe not; both of these possibilities were unheard of in the past, yet, today, these are as viable as any traditional group plans available in the marketplace; human ingenuity and the will to overcome, have, once again, triumphed over the implausible.
The balance between domestic and international has created a self insured progam wich is to become cutting edge in the industry. Offering the smallest companies the ability to operate as a large company, without the expense, has given the micro-entrepreneur an edge over their competition.
The best way to find out if your company is eligible for any of these cutting-edge programs is to contact your insurance agent and ask them to look at your existing program; or you can email us at email@example.com and we will gladly set up an appointment for a free, no-obligation, evaluation.