Whats the Difference Between Individual, Family, Group and Health Insurance?
In general, group health insurance plans offer many advantages over individual health insurance. These include smaller premiums, better tax concessions, and extended coverage. Virtually all business owners can qualify for group health insurance. Furthermore, because you represent a bigger chunk of business to the insurance carrier, you can usually negotiate terms and conditions quite a bit as a business owner. Hence its advisable to do your homework before you start negotiations. Some of the online insurance websites are quite good; they provide plenty of information for free. There are also a variety of free online calculators you can use that let you play around with various scenarios and see how it impacts your bottom line. You can also request free insurance quotes by filling out a simple form on a number of websites. Insurance providers calculate group health insurance premiums based on many factors. Some important considerations are: * Average age of employees * Nature of work an
