42 million Americans do not have health insurance. Of those 42 million, nearly 10 million are children. For the small business owner, there is a great deal of hesitance because the high cost of insurance policies can make business expansion difficult.
So how do small business owners manage their health care costs without soaring overhead? The best way for the small business owner to keep health costs within reason is to obtain insurance through another group plan.
How do you find a group plan that you as a small business owner can afford? Look for the largest groups available in your area. Check with your local chamber of commerce, as they may have arranged for a group plan for their members. National associations and business organizations also offer health insurance.
The City of San Diego has formed a separate legal entity to offer health insurance plans to their small businesses that have at least two employees. A husband and wife team would qualify as two employees. There are a number of options available and it’s good to investigate the possibilities before discounting a new business as an option because of soaring healthcare costs.