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Starting Up: Solo Health Care
Thinking of starting your own business? Better check your health-care options first.
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Marty Posted: 8:53 PM On May 7, 2008
Mark in NH-

I would talk to a group benefits broker in your area. Have them shop all the major carriers and bring some options back to you. By changing some plan options around you can really see some savings. If you are healthy and not taking many RX drugs perhaps a high deductible plan makes sense.
Mark in NH Posted: 11:29 PM On May 6, 2008
Hey Marty do you care to share with us? I am interested in saving money as a small business owner and I am not experiencing a cost savings at this time.
TeoNYC Posted: 7:08 AM On May 6, 2008
Actually, I have found the choices to be much better than a few years ago. There are many opportunities for insurance through professional organizations, or through self-employed advocacy groups like FREELANCER'S UNION. The latter even has disability and life insurance at group rates.

Another option is to outsource your entire HR (even if you're a one-person business) to any number of services, like ADP Total Resource. They take care of payroll, health insurance and other benefits.
Marty Posted: 10:27 PM On May 5, 2008
Being a benefits broker, and a business owner, I see both sides to it. Many young, healthy people going out on their own could be surprised how affordable it is. I have a young family and am paying less than what I was paying working for a fortune 1000 company. For the exact same plan.

If you are over 50, however, or have serious health conditions it can be extremely expensive. It really depends on the situation. HSA's are a wondeful solution to many.
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