Just as it is important to obtain insurance coverage when you own a house or a car, it is equally important to protect your business. If you are the owner of a company of any size, it is highly recommended that you speak with an independent business insurance agent in order to find out about the types of coverage that are available to you, and to help decide which ones are right for you. This is a decision that should not be rushed, as shopping around will help you to…
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Snyder reveals his healthcare plan to send Obama’s reforms to a non-profit
Governor Rick Snyder (Michigan) has unveiled his plans for implementing one of the primary healthcare reforms from the Obama administration – the statewide affordable health insurance marketplace for consumers – by proposing legislation that would turn the task over to a non-profit organization. Snyder made the announcement in his first major speech about healthcare, in which he made a call for the forming of the MIHealth Marketplace. This would be a non-profit group that would supervise the sale of health insurance to small businesses struggling to be able to offer…
Read MoreThe criteria that states must meet for health insurance exchange marketplace
The Department of Health and Human Services (HHS) is awarding 13 states as well as Washington D.C. a total of $185 million to help to fund the planning and creation of the state-based insurance exchanges that are required by the federal healthcare overhaul. Each will receive a different amount as their portion of the total. For example, California will receive $38 million in order to create its exchange. The governors of the recipient states received a letter from secretary Kathleen Sebelius of HHS, which described the various options and resources…
Read MoreNew health insurance exchanges may encourage entrepreneurship
Under the new healthcare reforms, insurance exchanges are being established within each state so that uninsured individuals will be better able to find affordable policies, making experts wonder if the risk of self employment will therefore decrease to the degree that it will become appealing to individuals who had feared losing the health insurance they have through their employer. These health insurance exchanges will be in operation by 2014. In July 2011, the Department of Health and Human Services released the exchange setup guidelines, leading more than half the states…
Read MoreNFIB report shows that 1 in 8 employers cutting their health care benefits due to reform law
The National Federation of Independent Business released a report the other day outlining the effect the Affordable Care Act will have on small businesses. Since the law was passed in 2010, there has been no shortage of controversy regarding its provisions. Supporters of the health care reform have staunchly asserted that the law will benefit small business as a whole by allowing them access to more affordable health care plans from the nation’s insurance companies. According to the NFIB report, however, employers may be cutting their health insurance plans because…
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