When 1,000 small business owners were recently survived, 53.1 percent are against the health care bill passed by the House, while only 13 percent support it.
An impartial position of 34 percent was reported while a large majority of 60.4 percent do not think the bill would have a negative effect on their small business. Almost all agreed at 92.5 percent that insurance companies should provide coverage to people with pre-existing conditions.
At 72 percent, most small business owners agreed that expanding access to health care is most important over reducing taxes and decreasing the federal debt.
Sources: BenefitsPro.com, Fit Small Business
/wp-content/uploads/2019/10/ark-logo@2x.png00Rebecca Yates/wp-content/uploads/2019/10/ark-logo@2x.pngRebecca Yates2017-06-06 09:00:082018-07-12 07:44:19Small business owners are voicing their opinions on the President’s ideas to repeal and replace the Affordable Care Act.
Many industries or small sized employer groups utilize a mini-medical plan, such as restaurants, hotels, maid services, catering services, etc. These limited benefit plans pay for covered services at an affordable premium for both the employees and the employers. But keep in mind, they cost less, so they cover less, and most likely will not protect you from a bankruptcy situation for any catastrophic medical care.
Mini-medical plans provide a basic level of coverage for people who do not have access to a major medical plan or traditional coverage.
Some large employers have a class of employees who are ineligible for their companies traditional health insurance plan for a variety of reasons. For instance, they may be only seasonal or part-time employees. Being able to offer them a mini-medical plan helps to boast employee moral and increases retention.
Mini-medical plans are not meant to replace major medical plans, but to fill a specific niche and provide some medical coverage for those who may not qualify otherwise.
Becoming chronically ill due to a cognitive impairment, or if you’re unable to perform at least two activities of daily living without substantial assistance, qualifies a person for long-term care. Having insurance that covers long-term care would help pay for the care you need. Depending on the level of care that is required, that care may be provided in a nursing home, an alternate care facility, or even your own home.
In addition to helping pay the costs of long-term care, long-term care insurance may help to provide these additional benefits:
Protect your savings and other assets
Preserve your independence
Avoid government dependence
If you’re unable to pay for long-term care when you or even a loved one needs it, odds are you will need to spend down, or liquidate, your assets to become eligible for Medicaid to pay the costs of the care required. That is a sad reality if you do not have the coverage when you need it.
Another option is purchasing a long-term care rider on your life insurance. This option provides care before the client requires long-term health due to age but instead provides coverage become impaired due to an accident or illness.
/wp-content/uploads/2019/10/ark-logo@2x.png00Rebecca Yates/wp-content/uploads/2019/10/ark-logo@2x.pngRebecca Yates2017-05-02 09:00:462018-07-12 07:47:29Long-term care insurance, should you have it?
Small business owners are voicing their opinions on the President’s ideas to repeal and replace the Affordable Care Act.
/by Rebecca YatesWhen 1,000 small business owners were recently survived, 53.1 percent are against the health care bill passed by the House, while only 13 percent support it.
An impartial position of 34 percent was reported while a large majority of 60.4 percent do not think the bill would have a negative effect on their small business. Almost all agreed at 92.5 percent that insurance companies should provide coverage to people with pre-existing conditions.
At 72 percent, most small business owners agreed that expanding access to health care is most important over reducing taxes and decreasing the federal debt.
Sources: BenefitsPro.com, Fit Small Business
Understanding Mini-Medical Plans
/by Rebecca YatesMany industries or small sized employer groups utilize a mini-medical plan, such as restaurants, hotels, maid services, catering services, etc. These limited benefit plans pay for covered services at an affordable premium for both the employees and the employers. But keep in mind, they cost less, so they cover less, and most likely will not protect you from a bankruptcy situation for any catastrophic medical care.
Mini-medical plans provide a basic level of coverage for people who do not have access to a major medical plan or traditional coverage.
Some large employers have a class of employees who are ineligible for their companies traditional health insurance plan for a variety of reasons. For instance, they may be only seasonal or part-time employees. Being able to offer them a mini-medical plan helps to boast employee moral and increases retention.
Mini-medical plans are not meant to replace major medical plans, but to fill a specific niche and provide some medical coverage for those who may not qualify otherwise.
Long-term care insurance, should you have it?
/by Rebecca YatesBecoming chronically ill due to a cognitive impairment, or if you’re unable to perform at least two activities of daily living without substantial assistance, qualifies a person for long-term care. Having insurance that covers long-term care would help pay for the care you need. Depending on the level of care that is required, that care may be provided in a nursing home, an alternate care facility, or even your own home.
In addition to helping pay the costs of long-term care, long-term care insurance may help to provide these additional benefits:
If you’re unable to pay for long-term care when you or even a loved one needs it, odds are you will need to spend down, or liquidate, your assets to become eligible for Medicaid to pay the costs of the care required. That is a sad reality if you do not have the coverage when you need it.
Another option is purchasing a long-term care rider on your life insurance. This option provides care before the client requires long-term health due to age but instead provides coverage become impaired due to an accident or illness.