| As a small business owner in Massachusetts with 2 to | | | | specialists, and hospitals. You pay an insurance |
| 50 employees, you can get a group rate on your | | | | premium for your plan, plus a deductible (usually $500 |
| health insurance and save money on your and your | | | | to $2,000) before your insurer begins to pay your |
| employees insurance premiums. Here's how small | | | | claims. Most plans cover 80% of medical costs, and |
| business health insurance works, and where you can | | | | you or your employee pay the remaining 20%. |
| get small business health insurance in Massachusetts | | | | Fee-For-Service plans are the most expensive plans |
| at a discount rate. | | | | and involve the most paperwork. |
| Benefits of Small Business Health Insurance | | | | Managed health care plans (HMOs, PPOs, POSs) - |
| With small business health insurance you and your | | | | These plans restrict you to using doctors and hospitals |
| employees pay lower premiums than you would with | | | | within the health plan's network. With HMOs and POSs |
| individual health insurance. You also get more | | | | you or your employee pay a monthly premium and a |
| extensive coverage, plus you get tax deduction for | | | | co-payment (usually $5 to $10) for each doctor visit |
| any health insurance contributions you make. | | | | and your insurer pays your medical expenses. PPOs |
| How Small Business Health Insurance Works | | | | and POSs let you use non-network doctors and |
| Health insurance rates and health insurance coverage | | | | hospitals for an additional fee. |
| are calculated for all participating employees using the | | | | Managed health care plans are the least expensive |
| group's average age and health. Any additions that an | | | | plans and involve the least amount of paperwork. |
| employee wants can be added to his or her policy for | | | | Cheap Group Health Insurance Plans |
| an extra fee. | | | | To get a cheap group health insurance plan you need |
| Small Business Health Insurance Plans | | | | to shop rates from different companies. Thanks to the |
| Comprehensive small business health insurance plans | | | | Internet, you can do this quickly and easily by going to |
| pay for doctor visits, hospital visits, and prescription | | | | an insurance comparison website. All you do is fill out a |
| drugs. There are two types of small business health | | | | simple questionnaire with your insurance information |
| insurance plans: | | | | and the amount of coverage you want, wait for your |
| Fee-For-Service Plans - Also known as indemnity | | | | quotes, then choose the best plan with the best rate. |
| plans, these plans let you use your own doctors, | | | | |