Alex Chris Mon Sep 13, 2010 4:50 pm
Can I get Group Insurance even Though I do my own Business?
Here in Houston, you need THREE employees to be a group.
I'm wondering if you are under the mistaken impression that group insurance is CHEAPER than individual insurance. It's not. Groups under 25, are individually underwritten - every employee fills out an application and the rate is determined by averaging everyone's health. An insurance company can REFUSE to give you a quote, for group health. And lastly, the reason it might seem cheaper when you're an employee, is because the EMPLOYER picks up a big chunk of the tab.
Talk to the guy who does the rest of your business insurance, about getting a quote . . . but I think he'll be pointing you at an individual plan.
---I'm wondering if you are under the mistaken impression that group insurance is CHEAPER than individual insurance. It's not. Groups under 25, are individually underwritten - every employee fills out an application and the rate is determined by averaging everyone's health. An insurance company can REFUSE to give you a quote, for group health. And lastly, the reason it might seem cheaper when you're an employee, is because the EMPLOYER picks up a big chunk of the tab.
Talk to the guy who does the rest of your business insurance, about getting a quote . . . but I think he'll be pointing you at an individual plan.
