The rising cost of health insurance hit small employers

Nelson Davis runs a video production company in Hollywood with six employees. He used all his workers' health insurance premiums to pay.

If prices continue to rise - they have doubled in recent years - Davis reduced to only pay half the cost of health care and workers required to handle the rest.

 Now he thinks cutting back and only 40% of insurance premiums. And the course of events, Davis said he would not be surprised if its share fell to 25%. "We must look with a cold, bright eyes," he said. "There is very little you can do - either reduce or cease to offer."

Federal and state control officers Anthem Blue Cross rate "increases up to 39% for the insured individual. (The insurer announced Saturday that the increase will be postponed until May 1)
But the financial problems was also difficult for small businesses that offer health coverage to workers. Many small businesses are up nearly 30% last year, brokers say.
Success of these costs for our customers is often impossible. Most small business owners know they will lose sales when the price of goods or services Jack.

So, like Davis, they face the unpleasant choice of health coverage to reduce or remove the whole.
"They are not the profit margins of major employers," said Steven D. Turner, an insurance broker specializing in insurance Encino in small groups. "There is no money for health benefits ".
He said that the monthly premiums for clients rose from 18% to 30% last year.
Higher prices charged by most major insurers, brokers say. Anthem Blue Shield of California, Health Net - each small group has notified customers that the premiums increase.

Insurers pay the rising costs of health care as a factor in rising rates. But brokers and small businesses are wondering how these higher costs lead to such a stratospheric rate increases.

"The increases we are seeing now more than ever," said Rick Martin, an insurance broker West Los Angeles that deals with many small businesses. "I have a small number of large increases over the past 35 years. These are the most dramatic. "

Paula Wilson, an insurance broker of Temecula, the rates on his small group of customers has increased by about 15% on average. "I have seven extensions on my desk now," she said. "The average increase was 12.7%."

Personal Medical Insurance

Usually most people are accustomed to their health care coverage through their employer, or perhaps the government. But now, people are increasingly turning to individual insurance. The key to finding an affordable plan is not as difficult as one might think.

Individual health insurance plans cons sponsored social
Individual health insurance to extend coverage to an individual or family. Contrary to popular belief, no individual health insurance does not mean you pay more for less. Most people choose to buy insurance because their employer pays at least 50% of premiums every month. But there are caveats to sign for the coverage group.
Individual health insurance offers the same coverage as group policies. However, coverage of the group is a one size fits all deal, even if your health needs can be very different from the person sitting beside you. With savings plans sponsored, you must pay for coverage you do not need or if you may be something that you have booked. With the health insurance plan may be your specific health profile.
And unless you're willing to pay for COBRA, quit your job means losing your insurance. If you are an individual health insurance plan, your coverage stays with you until you can afford. That means no holes in coverage in a layoff or if you are between jobs.

How to choose a health plan individual insurance
That each health plan you choose to use depends largely on your personal health needs, financial situation and other personal circumstances.
Some things you might want to remember that if you're in good health and not the doctor very often, you may want something that gives you coverage in case the unthinkable happens to find. You may want an HSA (health savings account) with a health insurance high deductible individual examination.
For those looking for more extensive services and / or are more prone to ill health, a preferred provider organization (PPO) or Health Maintenance Organization (HMO), your best bet. This is usually a lower deductible and higher premium. These forms of individual health insurance plans give you complete coverage and major medical.

Finding the right suit your needs health insurance
If you own your company, retire early, or working for an employer does not offer group coverage, you're likely going to have to find an affordable individuality Medicare. In fact, it is essential to have a healthy financial future. Unforeseen medical care, including hospitalization, serious illness and injury, and the exorbitant costs associated with them can result in many people struggling to make ends meet and can often lead to bankruptcy. It is therefore essential that you take the time to read through all HealthInsuranceUSA.com Provides information for you the best, most informed decision.