Offering Health Insurance for Employees: What are the Best Options? Many in the workforce count on their employer to provide access to affordable health insurance. In today's health care marketplace, even the smallest employers wishing to offer this important benefit can find plans to help meet the needs of their employees. With so many different choices available, understanding the process of setting up a health insurance plan can be difficult. But with the right support and resources, it can become a welcome addition to your company's benefit offerings. Importance of offering health insurance for employees In a tight labor market, a potential employer's benefits package can be one of the...
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BLOOMFIELD, Conn. and NEW YORK, June 23, 2020 /PRNewswire/ -- Small businesses have been significantly hurt by the COVID-19 pandemic. According to new research from Cigna and Oscar, 70% of small businesses have seen a decline in their revenue, and 52% have laid off or furloughed employees. As small businesses begin to reopen, the majority of decision makers reported that providing health insurance to employees is a higher priority in their budgets (66%), and that access to affordable solutions that support employee health and well-being (88%) – physical and mental – will be more important going forward. Today, Cigna and Oscar are announcing that Cigna + Oscar, a new affordable and consumer...
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Challenges for Businesses Implementing Group Health Insurance Plans in 2018 We’re still at the start of 2018, but if this coming year is anything like the past couple of years, it’s going to be a big one for small business. For example, the number of new job seekers taking it upon themselves to start their own business at the end of 2016 was the highest it had been in four years in the United States. More recently, Bloomberg reports that tech startups are nearly 48% stronger today than they were just a year ago. It seems more investors are willing to put forth capital for new business ventures, and absent investors credit is now relatively cheap for those with solid business plans. The...
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Perhaps an unlikely partnership, Cigna and Oscar Health teamed up to jointly launch small business health plans. On Tuesday, they named the first markets where they plan to offer the new service. The new plans, dubbed “Cigna + Oscar,” will be offered in Atlanta, the San Francisco Bay Area, and across Tennessee. All of the plans are still pending regulatory approval, but the companies hope to make them available in the fourth quarter. Both Cigna and Oscar have been looking to expand their footprint for small group plans, which apply to businesses with 100 employees or fewer. Oscar, a New York-based insurance startup known for its tech-savvy approach, could also benefit from Cigna’s footprint...
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The Old School way of Offering Benefits Change is inevitable—and with health insurance it's become predictable. For the first few years after the Affordable Care Act was implemented, it was more cost effective to give your employees dollars to shop individual health insurance exchanges instead of offering employer sponsored health insurance. There were multiple carrier options to choose from, plans were lower in cost and individuals were potentially eligible for a subsidy meaning the government would pay a portion of their plan so their employer didn’t have to. There was an ease of employer administration. Employers would hand their employees money and the weight was off their shoulders...
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Whether an entrepreneur, dentist, lawyer, accountant or even a marketing professional, as a small business owner working to win over clients and make your business a success, it’s absolutely vital not to lose sight of protecting your most valuable financial asset – yourself. While big companies generally have a succession strategy in place to ensure continuity should the unexpected strike, as a small business owner you hold the reins. You therefore need to consider how best to protect your personal and business circumstances should you be unable to work, and ensure that you and your loved ones will still be provided for. Life doesn’t stop when you are ill or injured – you will still need...
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Health insurance is a common perk for full-time employees. But where does that leave small business owners, freelancers, independent contractors, and other self-employed individuals? Trying to get health insurance as a small business owner is more difficult—since you’ll have to do all the research and work yourself—and in many cases, more expensive —since you won’t have an employer to help you manage the costs. As a result, most small business owners end up with less coverage than they really need, or worse—with no coverage at all. So how can small business owners get better health insurance? Why Health Insurance Is So Important If you’re in good health or haven’t had a recent need for a...
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Op-Ed: Business Interruption Insurance Bills Will Help Small Businesses Through National Emergencies The COVID-19 pandemic has affected every aspect of our lives. One of the hardest hit has been our small businesses. The mom and pop bagel store, the sporting goods store your neighbor owns, and the hardware store that gave your kids their first jobs, are all wondering how they will pay rent and pay their employees. Both of our states, California and Pennsylvania, are under statewide stay-at-home orders. In addition to these orders, Govs. Gavin Newsom of California and Tom Wolf of Pennsylvania have ordered the closing of all non-essential businesses. This means that the suffering small...
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Anyone who manages Employee Benefits for a business with global operations will tell you how difficult it can be to keep track of all policies performance, legal requirements and updating rules and regulations. Hooray Health & Protection have been working with several business who are expanding operations globally and many are finding it increasingly difficult to manage the policies. We are going run through some of the International Employee Benefits and discuss how they can support your employees whilst your business grows. International Business Health Insurance/ International Private Medical Insurance International Group Health Insurance is the most requested policy for us to...
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Health insurance brokers for small business near me Jeff Hug - Insurance Broker - 636-978-1595 - Auto, Home... Jeff Hug - Insurance Broker is committed to providing clients with the highest quality insurance plans available combined with some of the lowest possible rates. Whether you are shopping for auto insurance, home insurance, life or business insurance, we can help you obtain the best coverage available with the lowest rate possible. https://jeffhuginsurance.com/ Florida Health Agency Expert Insurance Brokers Florida Health Agency provides expert, independent assistance to find the highest-quality health insurance and Florida Medicare Plans at the best price. We guarantee you’ll...
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