The kind of small business health plan that you choose will depend on where you reside. Health plans are adapted depending on each state, so plans may differ. This general overview should provide you with a good starting point for your search.It is a great initial step for you to consult an expert local insurance agent to guide you. Look for an agent who is sincere in helping you look for the plan that's best for your needs and not one who is merely after a closed deal.
There are also health care policies that may be offered for your business in your location. They are usually called group plans. Large groups, because of their number, have the advantage to negotiate lower rates and get more benefits. You might want to try with your trade group, business association and Chamber of Commerce and see what plans they can offer you.
There are actually group medical plans that are available to small businesses with only a few employees. But because of the very limited number of people to spread the risk with, most insurers consider very small plans risky.In the event that one in three employees get ill, this would greatly affect the others' rates as well. But group health insurance requires a lot of employees to enjoy its advantage. Offering health benefits is one way for you to entice and retain competitive new employees. Also, if can afford a group health plan and are planning to expand your business, you must check out this option.
The most common plan these days are individual plans. Health insurance from private health insurers might be the best option for you if you are generally healthy. But if you or someone in your family constantly needs medical care, look at high-risk health insurance. Remember though that you will have to pay a substantial premium even if your state has rules regarding guaranteed issue.