Small Business Insurance Updates




Small Business Solutions has many resources to help small businesses succeed. In this section, you will find various resources and updates on various types of insurance commonly purchased by small business owners. Also included are links to web pages that assist business owners in making important decisions about various insurance issues.

Types of Insurances used by Small Business




Small Business Insurance - Home and Small Business Affordable Health Insurance is one of your most important needs. Without it, one serious illness or accident could wipe you out financially. The information provided will help you decide which is the best Affordable Health Plan for you.



Health Updates - Mesothelioma

COBRA - The COBRA health benefit provisions became law in 1986. The law amends the Employee Retirement Income Security Act (ERISA), the Internal Revenue Code and the Public Health Service Act to provide continuation of employer-sponsored group health coverage that otherwise might be terminated.

Cobra Employer Responsibilities - Some of the Employer's responsibilities are:

Disability Insurance - Disability insurance replaces income you lose if you have a long-term illness or injury and cannot work. This is an important type of coverage for working-age people to consider. Disability insurance does not cover the cost of rehabilitation if you are injured. Check your major medical insurance to see if it is covered there.

Health Coverage Tax Credits - HCTC is a program that can help pay for nearly two-thirds of eligible individuals' health plan premiums. To be eligible, taxpayers must be enrolled in a qualified health plan, which includes COBRA, state-qualified health plans, or if the taxpayer is enrolled under a spouse's work plan and pays more than 50 percent of the total health care costs.

HIPAA - This law includes important new protections for millions of working Americans and their families who have preexisting medical conditions or might suffer discrimination in health coverage based on a factor that relates to an individual's health.

Medicare Defined

Small Business Health Insurance - There are many sites on the Internet today containing information about Home Health Aid and Work/Life issues that we find helpful. We encourage you to refer to them often and consult your Health Resources Professional for your specific needs:

Small Business Health Insurance Choices - Home and Small Business Affordable Health Insurance Choices is one of your most important needs. Without it, one serious illness or accident could wipe you out financially. The information provided will help you decide which is the best Affordable Health Insurance Plan Choice for you.

Small Business Health Insurance Coverage - Home and Small Business Affordable Health Insurance Coverage is one of your most important needs. Without it, one serious illness or accident could wipe you out financially. The information provided will help you decide which is the best Affordable Health Plan for you.

HMO Advantages and Disadvantages - Health maintenance organizations are prepaid health plans. As an HMO member, you pay a monthly premium. In exchange, the HMO provides comprehensive care for you and your family, including doctors' visits, hospital stays, emergency care, surgery, lab tests, x-rays, and therapy.

HMO vs PPO - Health Maintenance Organizations (HMOs) Health maintenance organizations are prepaid health plans. As an HMO member, you pay a monthly premium. In exchange, the HMO provides comprehensive care for you and your family, including doctors' visits, hospital stays, emergency care, surgery, lab tests, x-rays, and therapy.

Small Business Basic Insurance - Home and Small Business Affordable Health Insurance is one of your most important needs. Without it, one serious illness or accident could wipe you out financially. The information provided will help you decide which is the best Affordable Health Plan for you.

Key Man Insurance - Key Man Life Insurance If you or any other individual are so critical to the operation of your business that it cannot continue in the event of your illness or death, you should consider key man insurance.

Long Term Health Insurance - Long-term care insurance is designed to cover the costs of nursing home care, which can be several thousand dollars each month. Long-term care is usually not covered by health insurance except in a very limited way. Medicare covers very few long-term care expenses. There are many plans and they vary in costs and services covered, each with its own limits.

Medicare-HMO - A Medicare HMO Definition:A Medicare HMO is an HMO that has contracted with the federal government under the Medicare+ Choice program to provide health benefits to persons eligible for Medicare that choose to enroll in the HMO, instead of receiving their benefits and care through the traditional fee for service Medicare program.

Medicare vs Medicaid - Medicare has two segments: hospital insurance, known as Part A, and supplementary medical insurance, known as Part B, which provides payments for doctors and related services and supplies ordered by the doctor. If you are eligible for Medicare, Part A is no cost, but you must pay a premium for Part B.

PMI - In the event that you do not have a 20 percent down payment for your newly purchased home, lenders will allow a smaller down payment, as low as 5 percent in some cases

PPO Advantages and Disadvantages - When you go to doctors in the PPO, you present a card and do not have to fill out forms. Usually there is a small copayment for each visit. For some services, you may have to pay a deductible and coinsurance.

Small Business Employee Inurance - Some types of business insurance coverage are required by law, other simply make good business sense. The types of insurance listed below are among the most commonly used and are merely a starting point for evaluating the needs of your business.



Home | Site-Map