- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Small Business Health Insurance
Posted on 11/9/10 at 10:19 am
Posted on 11/9/10 at 10:19 am
Just curious if any small business owners (professional company, <50 employees) has found a cheaper alternative to health insurance coverages. My company's policy, which is middle of the road, is about to go up 30%. I am starting to look into alternatives...other providers, HSA's, etc.
TIA.
TIA.
2
Posted on 11/9/10 at 10:34 am to saltybulldog
Our company has around 140 employees so I know it doesn't directly correlate to your situation. For the first time in our companies history (been open since 1947) health insurance has surpassed our builder's risk insurance. We currently cover 100% of employee and family coverage through blue cross blue shield. It runs about $750/month per employee through our plan. We will continue to provide it as long as we can stay profitable but it may come to a point where it is cheaper to pay them a few dollars an hour more and let them be on their own for health insurance.
Posted on 11/9/10 at 10:42 am to saltybulldog
quote:
Just curious if any small business owners (professional company, <50 employees) has found a cheaper alternative to health insurance coverages. My company's policy, which is middle of the road, is about to go up 30%. I am starting to look into alternatives...other providers, HSA's, etc.
WE are in the same boat, we have been sucking it up the last couple of years, but looks like this year we will be making some tough decisons, We have a great plan with small co-pays but will be looking at cheaper high deductiable plans. I am looking for other alternatives as well, monthly Health insurance for me and the wife is more than our house note
Posted on 11/9/10 at 10:49 am to Tigerpaw123
Look at doing a PEO. It's a huge cost, time, and headache savings.
Posted on 11/9/10 at 10:54 am to lsufanintexas
I am guessing you run a PEO.
Otherwise, do dish on more info...cliff notes on its benefits?
Otherwise, do dish on more info...cliff notes on its benefits?
Posted on 11/9/10 at 11:38 am to saltybulldog
No, I don't run a PEO, we use a PEO to handle the employees since our business is ultra small. I wanted the flexibilty of not being really tied down.
Posted on 11/10/10 at 5:34 pm to lsufanintexas
I found a high deductable policy ($5k). It covers me (31), wife (30) and our 6month old for about $300/month. We started a HSA for each employee enrolled and the deductable ($5k for family and $2500 for single) is incorporated into their yearly salary as a tax free bonus. Once the deductable is met, Insurance pays 100% of EVERYTHING. We just started in August, so the only thing we have been out of pocket is the doctors visit for my sons immunizations, but I just wrote a check from my health savings account to cover the cost.
Posted on 11/10/10 at 7:12 pm to LSUCrawdaddy
The company that I work for use UHC . They pay for the whole family . He puts in $ 6,000 into a HRA every Nov 1 . $ 6,000 is maxed Deductable for the whole family . $2,000 Ded. for 3 people . So anytime we go to the Doctor or Hospital it is $ 0 co pay . They file a claim and it comes out of the HRA . We had 73 people working at the Company before Obama shut Deepwater drilling down . The owner was paying $ 33,000 per month to UHC . Thats about $ 452.00 per month .
You have to deal with these INS companys to get the best deal . Get them to think out of the Box.
Oh now we only have 10 people working . So sad that our on Gov is going to put us out of work .
You have to deal with these INS companys to get the best deal . Get them to think out of the Box.
Oh now we only have 10 people working . So sad that our on Gov is going to put us out of work .
This post was edited on 11/10/10 at 7:15 pm
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News