The Small Business Benefits and Services Mall is here to assist you in understanding and obtaining the right health insurance coverage in the triangle for you and your employees. Whether you are interested in Health Care Reform in general or more specifically, the NC Exchange, the Federal Exchange, or what is the Marketplace,
we offer free consultations to help you understand exactly what is happening. Because our agents are appointed with all the major carriers in North Carolina, we can find the right health plan to suit your needs.
If you are self employed in North Carolina, we can help you choose the best insurance and plan.
Today, medical health insurance is not easy to grasp, especially in light of all the upcoming changes. Making sense of it all is essential to making the right decisions in order for your business to be successful. Consulting with sbbsm can insure you make informed decisions.
So, if you have questions about:
- Medical health insurance
- How can I get short term disability insurance
- Health Savings Account
- What is health insurance
- Health care insurance
- Long term disability insurance
- Health plans
- Health insurance benefits
- Health care
- Health Care Reform
- Health insurance coverage
- Health insurance cost
- Supplemental insurance
- Insurance for the Self Employed
,we can help you understand the different plans, policies, and services that will help your business be successful. We care about small businesses and we are thinking about how to help them every day.
Because we cater to small business owners, sbbsm is very aware that we have to assist their employees as well. We offer individual and group insurance if it is best suited for a particular business or individual. Again, we can help assess your individual or business needs to find the right health insurance coverage for you.
Also, some small businesses are finding group health care insurance cost unbearable. Because of the increase of health insurance premiums, many companies are dropping their health insurance coverage to stay in business. It makes the company less attractive and leaves many employees vulnerable to health issues. In many situations it may be more cost effective to offer individual health insurance. The healthy employees can get insurance at a normal or even preferred rate while those with health issues often qualify for inclusive health insurance through a state or federal program. However; for most large companies, group health insurance is still best and of course, we offer it as well.
The Small Business Benefits and Services Mall can help any:
- Small business owner
Many times small business owners turn to supplemental insurance and this is fine as long as all parties understand this is not major medical insurance. Often employees purchase a supplemental plan believing they have found an inexpensive major medical product. Supplemental insurance has many positives when used the way it was designed.
Affordable health insurance is so important to small businesses and their employees. We offer major medical health care insurance and all supplemental plans. Family health insurance is key to any small business and we believe being able to consider a variety of health insurance plans gives our customers an advantage because they are able to get suitable health insurance coverage. Here are a few of the carriers we use for health insurance for small business:
- Blue Cross/Blue Shield
- Coventry One/WellPath
- United One
- Washington National
- Inclusive Health
If you would like a free consultation concerning Health Care Reform, the North Carolina Exchange, the Federal Exchange, or the Marketplace, please give us a call. We will come to you to help you understand how it all will affect you and your business. We are federally certified to assist clients with the exchange. Give us a call today at 919-302-8849.
Our service area includes Raleigh, Durham, Chapel Hill, Apex, Hillsborough, Cary, Morrisville, Garner, Wake Forest and surrounding areas. We are experts making success affordable.
For more complete information on these and other plans visit healthinsuranceraleighnc.com. To get started today, call us at 919-302-8849 or give Nancy Williams a call at 919-943-5577.
6 Stats on Why Small Business Owners Need Paycheck Protection AKA Disability Insurance
As a health, life, and disability insurance agent covering Raleigh, Durham, and the surrounding areas, I meet regularly with small business owners. Many of these small business owners do not own disability insurance. Here are some stats from the Council of Disability Awareness:
1. Over 36 million Americans are classified as disabled; about 12% of the total population. More than 50% of those disabled Americans are in their working years, from 18-64.
2. The average long-term disability claim duration is 31.2 months.
3. One in eight workers will be disabled for five years or more during their working careers.
4. Medical problems contributed to 62% of all personal bankruptcies filed in the U.S. in 2007, a 49.6% increase over results from a similar 2001 study.
5. The average SSDI monthly benefit payment was $1,190 for males, and $928 for females.
6. Less than 5% of disabling accidents and illnesses are work related. The other 95% are not, meaning Workers’ Compensation doesn’t cover them.
To my small business owner friends: Can you afford to go 31.2 months without a paycheck? Can you support yourself and your family on about $1000 a month? If the answer is no to either of these questions, please talk to me about disability insurance. Its not as expensive as you might think and there's even a disability plan which will refund all your premiums if you don't use it. Your ability to earn an income is your largest asset - make sure its insured.
Health Care Reform - What Will It Mean To Small Business Owners
As a health, life, and disability insurance agent in the Raleigh/Durham area of North Carolina, I am often asked about different components of health care reform and its impact. Its a complicated subject. Some of the components of health care reform have already been implemented, such as well care covered at 100% and covering preexisting conditions for children (both of these items resulted in higher insurance premiums). A good deal of the more controversial components are slated to begin January, 2014.
A few of the big changes to begin in 2014 include covering preexisting conditions for adults with the premiums the same as that of "healthy" adults, lower deductibles, and standardizing the health plans. Carriers will have a Platinum, Gold, Silver, and Bronze plan. Notice that the names are all expensive precious metals.... Most of the people I have spoken with in the insurance industry are of the opinion that this will drive the cost of insurance premiums up as their names would suggest.
Many small business owners have recognized the cost savings of having a higher deductible plan such as an HSA - those high deductibles will be eliminated. In my opinion, that alone will have a large impact on the pricing of premiums. We already saw a significant increase in premiums with the implemented changes.
A fear is that this will end up reversing the desired effect - many small business owners and individuals will be priced out of the health insurance market. Yes, there will be subsidies for those that are near the poverty level. However, millions of self employed and micro business owners that are successfully able to support their families and don't need government assistance may find it difficult to afford their new monthly premiums come January 2014.
Blue Cross Blue Shield has done a great job putting together information on health care reform that you can visit. From there you can also go to links to government sites on health care reform.
10+ Ways to Save on Health Insurance
1. An apple a day keeps the doctor away...A big key to saving money on health care is to take care of yourself. Eating right and exercising is proven to reduce the risks of most common diseases and ailments.
2. Do you smoke? Quit. Smoking is linked to many health risks. In addition, rates for health insurance and life insurance are typically significantly higher for tobacco users.
3. Do you have a few pounds to lose? A few is okay. If you have several pounds to lose, consider that obesity is linked to many health risks. There are lots of folks here with products that can help.
4. Take advantage of your yearly well care visit. Prevention and early detection is considered key to reducing health care costs.
5. Have a cold? Treat it with rest, liquids, and vitamins. We’ve all heard for many years the doctor cannot treat a cold.
6. Consider looking at other health insurance options to reduce your monthly premium. HSA plans have become very popular due to their lower premiums and tax consequences. Indemnity plans are another option for people who simply cannot afford major medical and want coverage for most common health events.
7. Negotiate with the doctor or shop around. Insurance companies negotiate for rates, why not you? Not all doctors and hospitals charge the same for similar procedures. The price difference can be in the thousands!
8. Do you have a prescription to fill? Did you ask for a generic? Many drugs are available as generics and the savings can be tremendous. Target, Walmart, and Kroger to name a few have over 400 generics available for $4 without using your insurance card.
9. Other ways to save on prescriptions include ordering online or using discount prescription cards.
10. Consider supplemental insurance to offset high deductibles and out of pocket expenses. Per stats, 63% of the cost of a major illness (cancer, heart attack, stroke) are not covered by major medical insurance. Supplemental plans are designed to offset these costs.
11. Your ideas?