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Some great health insurance advice for small business owners. #healthinsurance #smallbusiness

8 Aug 2023 · 1 min

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0:39

Short YouTube video (Andy Neary) offering practical health-insurance advice for small business owners. Speakers critique a common advisor/broker approach that stops at comparing plan types (PPO, HMO, high-deductible) and instead recommend first confirming whether a group is being underwritten correctly and then selecting the product fit (considering small-group ACA/community rating versus fully insured underwriting). The aim is to find a better fit for the group and reduce costs.

Chapters

The first part that many advisors, brokers, however you want to.
Term it go to is.
Typically where they end.
They talk about.
Plans, PPO plans, HMO plans, you.
Know, high deductible.
Health plans and they say we're going to shop the market and look at all these options for you.
And come back with something that's really nothing. I'm just going to be honest. That's, that's nothing.
That's, that's not what.
You'Re paying your advisor to do.
Number one, let's figure out if you're being.
Underwritten correctly.
Now if you're a small group, you're an ACA and you're looking at, you know, community rating, or if you're a larger group and you're inside a certain subset, why are you taking on underwriting which happens in a certain fully insured environment versus looking at other underwriting.
Standpoints?
Then let's go into what fits for your group. Now once we do that, we're typically able to reduce some.
Costs there, right?