Health Insurance For Small Businesses In Texas – As people look to secure health care coverage next year, this Austin startup has found a way to make health care affordable for small businesses.
AUSTIN, Texas – Even during the pandemic, Austin continues to grow as a hub for tech companies and startups.
Health Insurance For Small Businesses In Texas
It is difficult for small businesses to provide health insurance for their employees. According to the Kaiser Family Foundation, less than a third of U.S. companies with fewer than 50 employees offer health insurance to their employees. A new Austin startup is changing that.
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Alex Blum is the founder of Applied Bioplastics, an Austin-based startup that is changing the way plastics are made using plastic materials.
“Making plastic items reduces the CO2 emissions of the product itself by 43 percent,” Blum said. “And if we can use recycled materials, that number goes up to 97%. That’s what it looks like here.”
“We started looking at our options and there are normal big guys that are very expensive,” Blum said. “There’s the Affordable Care Act, which I don’t think is as affordable as we all would like it to be. Then it was appropriate, and it was very strange to see a company that offered that kind of coverage at the price that it did.
Blum founded another startup in Austin called Descent. It provides quality healthcare services at an affordable price. Instead of paying thousands each month, Blum now pays hundreds.
Austin, Texas: Start Up Brings Affordable Healthcare
“A self-employed person who makes $50,000 or more a year will not qualify for a single dollar of government subsidy. So, we’re probably going to be the most affordable option that’s going to be offered to that person on a large scale,” he said. Nick Soman, founder of Descent.
Soman started Digit when he saw the need for small businesses like his to offer health insurance to their employees.
Here’s how it works: Small businesses that share an industry are grouped together, allowing them to negotiate better rates and create individual health insurance plans.
“You can’t hedge when you’re in a band,” Soman said. Soman said, “So what needs to be done is to bring these communities together and provide them with ACA-compliant, high-quality health insurance at 40% below market value? And that’s what we’ve done at Decent.”
Best Cheap Health Insurance In Texas 2022
“They allowed me and four other business owners to pool our resources as if we were a large corporation and get affordable coverage for everyone,” said Blum, who doesn’t know how much he needs. “I have bilateral avascular necrosis, which means there is not enough blood going to the side of the femur. This resulted in bone loss, so soon after I signed up for Descent, I started falling.
“They work with me to help me find ways to find the right professionals,” Blum said. “Even if it’s not covered. They go out of their way to make it happen. And it’s unlike any insurance company I’ve ever worked with. And I really appreciate them for that.
Decent was successful in providing healthcare services to the self-employed, but recently had to stop. The Texas Department of Insurance notified the company that due to an outstanding 2018 the status of a pending federal court case that does not include Decento, it must be terminated. It is hoped that with the help of MPs, it can be renewed soon.
You can find out more about eligible offer plans here. And learn more about Applied Bioplastics Company here. Small businesses rely on the health of their employees to help them run their day-to-day operations successfully. Fortunately, there are many insurance options to help meet your business’s financial and profit needs. Let Select Health Plan help you find affordable health insurance in Texas that puts the health of your employees first.
Small Business Health Insurance Plans From Aetna
If you own a small business, the Affordable Care Act (ACA) (commonly known as Obamacare) opens up more opportunities to offer (or continue to offer) health insurance benefits to your employees. The problem is that your obligations as an employer are difficult to understand without expert guidance. The good news is that there are many options available to meet your small business health insurance needs. From group health to the increasingly popular defined contribution plans, we can evaluate your organization and find an affordable health insurance policy that works for you and your employees.
There are a variety of plans available to help meet the specific financial and profit needs of your business. Contact us today for expert advice on which group insurance option is best for you, or compare group insurance plans now to get started.
For health insurance purposes, the ACA defines small businesses as businesses with 50 or fewer employees. It’s important to know that the ACA’s minimum required coverage requirements differ for small businesses and large employers. In some cases, small businesses may qualify for federal subsidies. As a result of these changes in group insurance, many employers are switching to defined contribution plans as a less expensive option.
As a small business owner, your employees are your biggest investment. That’s why it’s so important to have a solid health insurance plan—so you can hire and retain employees for years to come. Additionally, one of your #1 goals should be to maintain workplace satisfaction and productivity, so finding a group health care plan that works best for your business is critical.
Small Business Health Insurance Basics In Texas
It’s hard for anyone to understand the current healthcare industry. At Custom Health Plans, our team is here to help you with small business insurance in Dallas and Houston! We want to help you keep your health care costs low and ensure you choose the right type of insurance. It’s one of the most important decisions you’ll ever make as a business owner.
Health insurance can be complicated and very difficult to navigate. And as a small business owner, it’s important that you choose the best health insurance plan for your employees to ensure overall workplace satisfaction. All of this means that hiring a health insurance broker can help a lot!
Here at Custom Health Plans, we can help you choose the best and most affordable small business health insurance on the market today. Whether you need multiple benefits or just one, regardless of the size of your business, our health professionals can help you choose high-quality insurance coverage for your employees. We’re happy to offer specific guidance and support to make sure you do
To be ACA compliant and keep your small business health insurance costs affordable, you need to fully understand your options. Otherwise, you may not be able to take advantage of all the options available to you in the new insurance environment created by the ACA. The potential tax benefit alone is worth starting a conversation with an insurance professional.
Minimum Wage: $15 Per Hour Brings Benefits, Consequences
Of course, the ACA presents many challenges for small businesses. To find the right answers, you need to have a good understanding of where there are opportunities to use the provisions of the ACA to your advantage. To find out more, please see the section “Frequently asked questions about group insurance”.
The ACA had a major impact on how employers insure their businesses. Group health insurance premiums and deductibles are rising, making it harder to get coverage for just your employees. In order to control costs in the long term, many small business owners are turning to defined contribution health plans to manage the rising costs of health insurance. To determine if a defined contribution plan is right for your organization, see see our Small Business Defined Contribution guide or to find out more frequently asked questions section.
We can help you find an affordable insurance plan that meets the needs of you and your employees. Contact us today!
If you’re planning to invest in small business health insurance, it’s important that you get the right quote and information about your plan. Have questions or concerns about health insurance for small business owners? Call our team today at (877) 749-2241 to create a health insurance plan for your small business. Blue Cross and Blue Shield of Texas’ MyBlue Health Silver plan is the cheapest silver health insurance available in Texas at $400 for a 40-year-old in Houston.
Texas Small Business Health Insurance
The cheapest health insurance plans in Texas vary by county. In 37% of Texas counties, the cheapest silver plan is Blue Advantage Silver HMO. Another less expensive option that is widely available is the FirstCare Prime Silver HMO. You can find affordable subsidized policies from 10 health insurance companies on the Texas Health Insurance Exchange, although not all companies offer plans in every county.
The average cost of a silver health insurance plan for a 40-year-old in Texas is $575 per month, up 13% from last year.
To help you get started in finding the best health insurance plan
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