{"id":7156,"date":"2020-01-31T13:40:45","date_gmt":"2020-01-31T18:40:45","guid":{"rendered":"https:\/\/peakinsuranceadvisors.com\/?p=7156"},"modified":"2020-01-31T13:49:12","modified_gmt":"2020-01-31T18:49:12","slug":"what-is-the-cost-of-small-business-health-insurance-in-ny","status":"publish","type":"post","link":"https:\/\/peakinsuranceadvisors.com\/what-is-the-cost-of-small-business-health-insurance-in-ny\/","title":{"rendered":"What is the Cost of Small Business Health Insurance in NY"},"content":{"rendered":"
With rising premiums and an confusing policy language, workers and employers alike struggle to find health insurance they can understand and afford.<\/p>\n
As a small business owner you qualify to get small business health insurance (aka small group insurance), which is often\u00a0less expensive than individual health insurance. If you\u2019ve decided that you want to enroll in a small business health insurance plan, you may be wondering how much this will cost for you. Although plan prices are different based on the benefits and services they come with, we have prepared the following Q& A to help you get a better understanding of the cost of small business health insurance in New York.<\/p>\n
What are the costs associated with a small business health insurance plan in NY?<\/strong><\/p>\n The cost of a small business health insurance plan will depend on a number of different factors such as network size, deductibles and co-payments, and maximum out of pocket costs.<\/p>\n So, what is the best combination of deductible, copays, and network access? We always say, tell me how you will get sick next year, and we can figure out the best plan for you! Of course that is impossible to know, so it makes sense to seek the help of a licensed NY health insurance broker who can help narrow down your choices based on your past and possible future needs.<\/p>\n Why is the average cost of small business health insurance lower than that of individual coverage?<\/strong><\/p>\n This is due in part to risk pool advantage, which means that the larger the group, the more spread out the costs are to provide coverage for medical care. In a group all members are enrolled with the same plan and the risk is spread out, whereas an individual can pick and choose the benefits that fit closer to their expected claims experience. An example would be someone with Cancer would choose a high benefit plan to limit their expected claim exposure, whereas in a group setting the group as a whole will have those with and without cancer\u2026better spreading out the risk overall.<\/p>\n How much does each person pay for small group health insurance?<\/strong><\/p>\n Although the cost of small business health insurance is generally lower overall, the specific financial details of a small group health insurance plan vary based on a number of factors. Therefore, when calculating the cost of NY small business health insurance for your company, take into account:<\/p>\n Is your small business eligible? Call us today to find out immediately 631-207-1800.<\/p>\n Are you a sole proprietor or the only enrolling member of your group? Read our Owner Only Guidelines<\/a><\/p>\n Still have questions? Visit our Frequently Asked Questions page<\/p>\n If you are interested in offering small business health insurance benefits for your company, Peak Advisors can help you manage the process and guide you to plans that fit your company\u2019s needs. Please email<\/a>, call us at 631-207-1800 or complete our online request for more information.<\/strong><\/a><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" What is the Cost of Small Business Health Insurance in NY? With rising premiums and an confusing policy language, workers and employers alike struggle to find health insurance they can understand and afford. As a small business owner you qualify to get small business health insurance (aka small group insurance), which is often\u00a0less expensive than […]<\/p>\n","protected":false},"author":5,"featured_media":6912,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[1746],"tags":[1852,3358,224,363,3359],"class_list":["post-7156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-small-business-health-insurance-rates-ny","tag-2020-small-business-health-insurance-rates","tag-cost-of-small-business-health-insurance-in-ny","tag-ny-group-health-insurance","tag-ny-small-group-health-insurance","tag-small-business-health-insurance-rates"],"yoast_head":"\n\n
\n