Serving over 200 companies and more than 2000 families since 1988

2882 Sand Hill Rd. Ste. 119 - Menlo Park, CA 94025 - (650) 854-8963 - (800) 564-4476

Posts made in September, 2016

As a small business, you might not be required to offer a group health insurance plan to your employees, but you might decide that the benefits of a healthcare policy far outweigh the costs. Once you’ve decided to provide health insurance to workers, the shopping process begins. Should you search for a policy independently, or access Covered California for Small Business (formerly known as SHOP)? If your business employs between 2 and 50 people, you are eligible to participate in the Covered California for Small Business program. The program is even expanding in 2017 to allow companies with 100 or fewer employees to join, so keep that in mind for the future. Covered California for Small Business helps small companies (like yours) band together, so that they can enjoy purchasing power on the same level as larger companies. This way you, and other small business owners, can access the same protections and price breaks that larger employers have enjoyed for decades. There are many advantages to joining the Small Business program, such as: the program qualifies the health plans offered to you, ensuring that you are enrolling in a quality program that complies with the law each plan is rated according to quality and price, making the shopping process much simpler and smoother for you it’s easy to access tax credits, for up to 50 percent of your contribution to health insurance coverage competition among healthcare plans helps to keep costs low you will be provided with a calculator so that you can determine the cost of coverage after premium tax credits and cost-sharing reductions are applied you can choose from among PPO or HMO plans, or even allow your employees to choose your employees can opt to pay the difference for a more expensive plan As streamlined as the program is, many small business owners still have questions about group health insurance. Give us a call if you need help getting started. We will be happy to help you compare plans, and choose a policy that is right for both your employees and your bottom...

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Each fall, we begin talking about Open Enrollment. During this time, you should review your current health insurance plan, investigate different options, try to anticipate future healthcare needs, and update your policy as needed. For most of you, Open Enrollment means that you will evaluate your Covered California health insurance plan. But once you reach eligibility (at age 65), you switch to a Medicare health insurance plan. Each of those programs have a different Open Enrollment period, even though both begin in the fall of each year. Confused yet? It’s really not that complicated. You only need to know the Open Enrollment dates for the program in which you are enrolled, and be ready to make the switch when you turn 65 one day. Medicare Open Enrollment begins October 1, and lasts through December 7. Starting October 1, we can discuss changes in the program and help you compare rates for supplement plans. You have this time to get a jump start on your research, and then the program will actually begin accepting applications for changes on October 15. Submit your application by December 7. Any changes will take effect on January 1. This Open Enrollment period does not apply to your first year of Medicare eligibility. You are eligible to begin your application three months before your 65th birthday, no matter what time of year that happens to be. Open Enrollment for all Individual and Family plans begins November 1, and runs through January 31. It’s best to go ahead and complete your application by December 15, if you want coverage to begin on January 1, but you do have a bit longer if you need more time. The important thing to remember is that you must submit your application by the 15th of the month, if you want your changes to become effective on the first day of the following month. Hopefully we’ve cleared up any confusion you might have experienced over Open Enrollment dates. But as always, you can call us with any questions you might have, and we’ll be happy to help you with your health insurance...

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